Domino's, U.S. Steel and Occidental Get Upgrades

TheStreetAugust 4, 2014

In Monday's Analysts' Actions, Domino's gets an upgrade at Miller Tabak, Morgan Stanley is bullish on Occidental and Keybanc likes U.S. Steel. Domino's Pizza (DPZ) was upgraded from 'Hold' to 'Buy' at Miller Tabak. The firm is keeping its $81 price target on the shares. This was a valuation call based on expected sales growth and margin share gains in the U.S. and overseas. Occidental Petroleum (OXY) was upgraded to 'Overweight' from 'Equal-Weight' at Morgan Stanley. The firm says management's plan to buy back more shares will help the recent lag in this stock. They also upgrade the price target to $120 from $110. U.S. Steel (X) was upgraded from 'Hold' to 'Buy' at Keybanc and have a $48 price target, which is 41% upside from where the stock is currently trading. Keybanc says 'the company should benefit from better domestic sheet pricing.' TheStreet's Susannah Lee has details.