News Column

Analyst Moves: X, TPX, EA

January 29, 2014

MarketNewsVideo.com

This morning, Jefferies increased its price target on shares of US Steel (X) to $27 as cost reductions at the company have prompted management to raise Q1 guidance. In the report, Jefferies increased its EPS estimates, but maintained its hold rating. Shares of US Steel were higher by 2.5% on the news. Keybanc increased its price target on shares of Tempur Sealy (TPX) to $60 as the company's refreshed product line will improve sales. In the report, Keybanc increased its EPS estimates through the end of 2014 while reiterating its buy rating. Shares of Tempur Sealy were modestly higher today, gaining 0.3% on Wednesday. And Bank of America upgraded shares of Electronic Arts (EA) from neutral to buy as margins are expanding quicker than expected. In the report, Bank of America set a $36 price target. Shares of Electronic Arts were higher by 2.9% today. The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201401Upgrades2012914&mv=1 .


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Source: MarketNewsVideo.com


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