US Top Rating Updates on 9/23: MCD, SBUX, ZM, CMG and More

Mizuho analyst Anthony Crowdell upgraded $Avista (AVA.US)$ to Buy from Neutral with an unchanged price target of $44. The analyst cites valuation for the upgrade, pointing out the shares are currently trading at a 14% price-to-earnings discount to the broader electric utility group and an 8% discount to the small-cap electric utility group.

BMO Capital analyst Andrew Strelzik upgraded $Domino's Pizza (DPZ.US)$ to Outperform from Market Perform with an unchanged price target of $430. Against the backdrop of lowered near-term expectations, the stock offers an attractive risk/reward.

Stephens analyst Joshua Long initiated coverage of $McDonald's (MCD.US)$ with an Overweight rating and $280 price target. McDonald's has continued to introduce attractive value offerings at the lower-end of its menu and premium items at the high end, said Long, who expects ongoing menu innovation to remain an important driver of same-store sales.