Visa and Broadcom received downgrades, while Stanley Black & Decker got a fix-up on Friday. Visa was cut to ‘market perform’ from ‘outperform’ at FBR Capital Markets. Analysts gave the credit card company a $260 price target, citing the move as a valuation call based on the company’s vulnerabilities to a stronger U.S. dollar. JMP Securities downgraded Broadcom to ‘market perform’ on a valuation call as the company faces an uncertain position in a competitive WiFi market. Stanley Black & Decker was upgraded to ‘equal weight’ at Barclays as the power tools company benefits from growth in the do-it-yourself market.
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