By Davit Kirakosyan
Today, several brokerages upgraded the shares of four big names, including Netflix (NASDAQ:), Wynn Resorts Ltd (NASDAQ:), EOG Resources (NYSE:), and Nordstrom (NYSE:). Below, we provided the details for each upgrade:
Evercore ISI upgraded Netflix to Outperform from In Line and raised its price target to $300 from $245, based on very recent U.S. and International survey work and its proprietary analysis of the company’s ad-supported and password-sharing revenue opportunities. The brokerage believes these opportunities, especially the ad-supported service, constitute Growth Curve Initiatives (GCIs)—catalysts that can drive a material reacceleration in revenue growth, noting it believes these opportunities are not factored into current Street estimates or into the company’s current valuation.
Credit Suisse upgraded Wynn Resorts Ltd to Outperform from Neutral with an unchanged price target of $117, mentioning three areas of potential upside, including Vegas trends, Macau sentiment, and valuation.
JPMorgan upgraded EOG Resources to Overweight from Neutral and raised its price target to $156.00 from $152.00.
Jefferies upgraded Nordstrom to Buy from Hold and raised its price target to $24.00 from $21.00.