U.S. Markets close in 1 hr 35 mins

UBS Gives Upward Revisions to Ford & Intel, Sour Call For Hershey


In Wednesday's Analysts' Actions, Credit Suisse makes a sour call on Hershey and UBS makes a bullish call on Intel and Ford. Candy maker Hershey (HSY) got a not so sweet cal from Credit Suisse (CS). The firm is downgrading the shaers to 'neutral' from 'outperform' citing a weak Q2 outlook and guidance. Credit Suisse also lowered the candy maker's price target to $101 a share. UBS is upgrading Intel (INTC) to a 'buy' rating from 'neutral' and raising its price target for the stock to $37.50 from $30. The firm sees sales upside due to better margins and balance sheet. More bullish calls from UBS. The firm is adding Ford (F) to its 'Key Calls' list. UBS is also raising its price target by a dollar to $23 a share and already has a 'buy' rating on the stock. TheStreet's Susannah Lee has details.