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Janney upgraded Consolidated Water (CWCO) to Buy from Neutral with a price target of $20.00. Shares plunged more than 21% yesterday following the company’s reported Q3 results but recovered today, trading 19% higher intra-day.
Benchmark upgraded Tencent Music Entertainment Group (NYSE:TME) to Buy from Hold with a price target of $7.00 based on (1) structural margin improvement of music segment, (2) fundamental turnaround of its ad and digital album businesses, (3) effective cost saving and consequently operating leverage sustained by its strategic shift toward quality growth. Shares jumped 30% yesterday following the company’s reported strong Q3 results. However, they fell more than 8% intra-day today.
Goldman Sachs upgraded Lincoln National (NYSE:LNC) to Buy from Neutral and raised its price target to $50.00 from $46.00 driven by its view that the company should be able to rebuild its capital base and display its relatively strong underlying capital generation faster than investors are expecting. Shares gained more than 3% intra-day today.
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