Melius initiated coverage of Jersey Mike’s with a buy rating and a $30 price target. UBS also initiated SK Hynix at buy, recommending investors buy the dip. Wells Fargo raised its Target price target to $165 from $140, maintaining its overweight rating. JPMorgan upgraded Sprouts Farmers Market to overweight, believing sales growth is at a positive inflection point. HSBC downgraded Procter & Gamble from buy to hold, noting that reinvestments have yet to translate into margin recovery.
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