In Tuesday’s Analysts’ Actions, Wall Street is looking bright. Analysts made some positive remarks on Weight Watchers International (WTW), The Fresh Market (TFM) and Facebook (FB). Weight Watchers was upgraded at Barclays to EQUAL WEIGHT from UNDERWEIGHT and its price target was raised to $14 from $5. This comes on the heels that Oprah Winfrey is taking a 10% stake in the company. Analysts applauded the news especially because the company has been challenged with falling profits and sales. The firm says ‘Ms. Winfrey is particularly credible as an advocate for the company.’ In another note, The Fresh Market got a ratings boost at Credit Suisse to NEUTRAL from UNDERPERFORM. The firm also lifted its price target to $28 to $22. Analysts said its new CEO Richard Anicetti could bring ‘strategic change.’ There’s also speculation that he is reportedly exploring a bid to take the company private. Earlier today, the grocery retailer announced that it will conduct strategic and financial review of its business. Jefferies increased Facebook’s price target to $130 from $120 and maintained its BUY rating on the stock. Analysts are confident and said that the company’s video ads and Instagram are the next billion dollar businesses. Based on these growth drivers, the firm continues to stay bullish. TheStreet’s U-Jin Lee reports in New York.
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