U.S. Markets closed

Bullish Call for Guess, A Strong Initiation for T-Mobile

Goldman Sachs (GS) downgraded The Fresh Market (TFM) to a sell rating from neutral.Goldman is also cutting its price target for the stock to $27 per share. The firm says the organic grocer faces increased competition and cost inflation. An upgrade for apparel and accessories maker Guess is giving the stock a boost. Piper Jaffray upgraded Guess to an Overweight from Neutral and raised its price target to $32. The firm says stabilizing conditions in southern Europe is positive for Guess. BMO Capital Markets is now covering T-Mobile (TMUS). BMO is initiating with an Outperform rating and a price target set at $40 per share. TheStreet's Susannah Lee has the details from Wall Street.