NEW YORK (TheStreet) -- CHANGE IN RATINGS
Aruba Networks (ARUN) was initiated with a Buy rating at Needham. $28 price target. Company is leveraged to multiple secular growth trends, Needham said.
Atmel (ATML) was initiated with a Buy rating at Maxim. $12 price target. Company can grow through the touch market and gain market share in MCU, Maxim said.
Comerica (CMA) was initiated with a Sell rating at Citigroup. $29 price target. Valuation driven along with near-term negative catalysts, Citigroup said.CNO Financial (CNO) was initiated with a Buy rating at Goldman Sachs. $9 price target. Company has superior growth prospects and is improving its balance sheet, Goldman said. First Horizon National (FHN) was initiated with a Neutral rating at Citigroup. $11 price target. As derisking continues, focus shifts to growth, Citigroup said. Huntington Bancshares (HBAN) was initiated with a Neutral rating at Citigroup. $7 price target. Collecting deposits, waiting for the turn, Citigroup said. Keycorp (KEY) was initiated with a Buy rating at Citigroup. $10 price target. Despite the lack of catalysts, the stock is cheap, Citigroup said. Liquidity Services (LQDT) was upgraded from Hold to Buy at Benchmark. $57 price target. Estimates were also boosted, as the company is expanding its market, Benchmark said. MDC (MDC) was downgraded at JP Morgan to Underweight. Valuation call, as the stock is up 42% year to date, JP Morgan said. Nvidia (NVDA) was initiated with a Buy rating at Cantor Fitzgerald. $20 price target. Company is leveraged to several growing technology trends and trades at a discount to its peers, Cantor said. Panera Bread (PNRA) was initiated with an Outperform rating at Credit Suisse. $190 price target. Market is not yet pricing in the company's full earnings growth potential, Credit Suisse said. Quality Systems (QSII) was downgraded at Morgan Stanley from Overweight to Equal-weight. Risk/reward is more balanced at current levels, Morgan Stanley said. Pike Electric (PIKE) was downgraded to Hold by TheStreet Ratings. Regions Financial (RF) was initiated with a Neutral rating at Citigroup. $7 price target. TARP overhang removed, credit overhang remains, Citigroup said. SPX Corp. (SPW) was started with an Outperform rating at Robert Baird. $95 price target. Company should deliver late-cycle earnings acceleration, Robert Baird said. SunTrust Banks (STI) was initiated with a Neutral rating at Citigroup. $26 price target. Upward EPS revisions and multiple expansion possible, but priced in at current valuation, Citigroup said. Thomson Reuters (TRI) was upgraded to Hold at TheStreet Ratings.
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