Boeing Co. (NYSE:BA): Wells Fargo removed Boeing from its Priority Stock List, citing valuation as its reason for removing the stock; the firm raised its price target on the shares to $140-$145 from $118-$123 after Boeing reported stronger-than-expected third-quarter results but keeps an Outperform rating on the shares.
Six Flags Entertainment (NYSE:SIX): Six Flags announced weaker-than-expected results for the third quarter. Wells Fargo reports that the fallout from the accident at the Texas park was an isolated incident. The firm believes Six Flags’s previous growth drivers remain intact and that the company could look to re-lever in the fourth quarter, using the proceeds to buy back shares. The firm keeps an Outperform rating on the stock.
E-Trade Financial (NASDAQ:ETFC): After E-Trade reported in-line earnings per share, Wells Fargo believes investors were expecting the company to beat expectations; the firm raised its price target on E-Trade shares to $16-19 from $15-$17 and keeps a Market Perform rating on the stock.
Deere & Co. (NYSE:DE): Following a recent survey of Midwestern ad dealers, Barclays believes that a potential slowdown in North American agricultural equipment demand will be less severe than expectations suggest; the firm said that there has not been a significant reduction in demand, and that Deere’s visibility through the second half of 2014 could be better than expected. The firm sees a limited downside to Deere, given relative valuation, and reiterates its Overweight rating.
Don’t Miss: Can Boeing’s Dreamliner Leave the Tarmac on Time?
Read the original article from Wall St. Cheat Sheet
