Here are the biggest calls on Wall Street on Wednesday
Guggenheim raised its price target on the stock and called"As the company expands its international offering and numerous new streaming video services launch with global growth ambitions, we see under-appreciated opportunity for the company to drive significant economic growth and create value for shareholders. We are raising our 12-month price target to $170 from our prior $119 and maintaining our BUY rating with the change largely reflecting our updated international business valuation.
"This downgrade to Hold - when shares are off over 7% in the aftermarket after very weak fiscal 1Q results – is about as helpful as a warm coat on a hot summer's day. We get it. But the downgrade reflects two key issues: very weak fiscal 1Q results and guidance, and lack of acknowledgement from mgmt. with respect to its own execution failures ."KeyBanc said it saw weakening earnings momentum in its downgrade of the appliance maker.
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