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Viacom and Melco Crown Upgraded to Buy

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

Top Upgrades and Buy Ratings

Guggenheim upgraded Viacom (Nasdaq:VIAB) from Neutral to Buy. Nine separate valuation models imply an intrinsic value of approximately $44.50 per share representing 15% upside.

Bank of America upgraded Melco Crown Entertainment (Nasdaq:MPEL) from Neutral to Buy and raised its price target to $22.30. Shares traded higher by roughly 3% following the upgrade.

Continue reading Top Wall Street Ratings.

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