Facebook, Pepsico Upgraded; Boeing Gets Downgrade

TheStreetJuly 24, 2014

In Thursday's Analysts' Actions, UBS raises Facebook's price target, Stifel upgrades PepsiCo to 'buy' and Bank of America lowers its rating on Boeing. UBS raised its price target on Facebook (FB). The firm raised its price target on Facebook to $94 from $90. UBS said Facebook 'is predicted to generate substantial year-over-year ad price increase, strength in operating leverage and revenue growth.' Pepsico (PEP) is getting positive notes from several analysts. Stifel Nicolaus is upgrading Pepsico to a 'buy' from 'hold' rating. Jefferies is raising its price target on Pepsico shares to $103 from $102 and has a 'buy' rating on the stock. Bank of America is making a bearish call on Boeing (BA). The firm lowered its rating on Boeing to 'neutral' from 'buy' on valuation. TheStreet's Susannah Lee has the details from Wall Street.