Lumber Liquidators and Time Warner Cable get hit with downgrades, while Apple is, as always, an analyst darling, all in Monday’s Analysts’ Actions. Lumber Liquidators was downgraded to EQUAL WEIGHT from OVERWEIGHT at Morgan Stanley after a ’60 Minutes’ report linked the company to health and safety violations. Time Warner Cable was downgraded to UNDERPERFORM from HOLD at Needham and Company after the FCC approved net neutrality guidelines last week. And Apple had its price target increased to $160 from $133 at Morgan Stanley. The firm said Apple’s ability to charge a premium and grow recurring revenue calls for a higher multiple.
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