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Baird Upgrades AT&T To Outperform And Downgrades Flowserve To Underperform

|Includes: BIIB, CF, FLS, SBGL, T, Tahoe Resources Inc. (TAHO), WEB, WOR

Here are today's top Wall Street analyst ratings where's unbiased fair value estimates support the recommendation.

Top Upgrades
  • RBC Capital Markets upgraded Tahoe Resources (NYSE:TAHO) from Sector Perform to Outperform. Shares currently have close to 35% upside.

  • JPMorgan Chase upgraded Group (NASDAQ:WEB) from Neutral to Overweight.'s fair value estimate of $22 per share implies that shares are over 25% undervalued.

  • HC Wainwright reiterated Biogen (NASDAQ:BIIB) with its Positive rating. Ten valuation models imply a fair value of $338 per share representing almost 20% upside.

  • Robert Baird upgraded AT&T (NYSE:T) from Neutral to Outperform along with a $44 price target. The new price target is generally supported by the company's fundamentals.

Top Downgrades
  • Robert Baird downgraded Flowserve Corp. (NYSE:FLS) from Neutral to Underperform. Shares are currently trading at a large premium.

  • BMO Capital Markets downgraded Stillwater Mining (SWC) from Outperform to Market Perform. Eight valuation models imply the stock is 19% overvalued.

  • Jefferies Group downgraded Worthington Industries (NYSE:WOR) from Hold to Underperform. Fundamentals support the rating change.

  • Barclays downgraded CF Industries (NYSE:CF) from Overweight to Equal Weight. Shares traded lower by 6% following the downgrade. Nine valuation models conclude that the company still has a negative 14% margin of safety.