Twitter Inc (NYSE:TWTR) shares are 3% higher after Oppenheimer analyst Jason Helfstein upgraded the stock to ‘Perform’ from ‘Underperform’. The analyst upgraded the stock because he thinks the market is now properly valuing Twitter in light of its sharp correction. Given Twitter’s current price, Helfstein considers the market is pricing in Twitter’s tough fundamental road ahead, as well as unknowns such as innovation from competitors. A total of 30 funds tracked by us had a bullish position in Twitter Inc (NYSE:TWTR) at the end of the second quarter, up by three funds from the previous quarter.
Honeywell International Inc. (NYSE:HON) is 1% in the green after the company’s board approved a 12% hike in the company’s annual dividend rate, to $2.66 per share. The increase will begin for the fourth quarter of 2016, when Honeywell will reward its shareholders with a quarterly dividend of $0.665 per common share. That translates to a forward yield of around 2.4%. Robert Polak‘s Anchor Bolt Capital owned 1.36 million shares of Honeywell International Inc. (NYSE:HON) on June 30, down by 2% on the quarter.
Last but not least, Mead Johnson Nutrition CO (NYSE:MJN) is in the green after Amit Sharma of BMO Capital said that the stock’s decline after a soft earnings report was overdone. Although Mead Johnson’s U.S. business is suffering ‘transient’ weakness, Sharma likes how Mead’s China sales are improving and thinks the equity’s risk/reward ratio is compelling. Sharma has an ‘Outperform’ rating and a $92 price target. The number of funds from our database with holdings in Mead Johnson Nutrition CO (NYSE:MJN) fell by 12 quarter-over-quarter to 28 at the end of June.