NEW YORK (TheStreet) -- CHANGE IN RATINGS
American Water Works (AWK) was upgraded to outperform from market perform, Wells Fargo said. $45 to $46 valuation range. Reasonable valuation prompts upgrade.
BlackRock (BLK) shares were downgraded to neutral from buy as the good news in priced in currently, said Citigroup. Price target remains $285.
ICU Medical (ICUI) was downgraded to Hold from Buy, Benchmark said. $69 price target. Valuation call.MGM (MGM) was upgraded to buy from neutral, Sterne Agee said. $19 price target. Evidence for a true Strip recovery. Tesla Motors (TSLA) was downgraded to neutral from buy, Goldman Sachs said. $61 price target. More balanced risk/reward.
Tumi (TUMI) shares were downgraded to neutral from buy based on limited upside to guidance and recent stock performance, said Citigroup. Price target remains $25. Viasat (VSAT) was upgraded from perform to outperform, Oppenheimer said. $65 price target. Company is in the early stages of a multi-year growth plan. STOCK COMMENTS/EPS CHANGES AOL (AOL) earnings estimates were increased on the first quarter beat, said UBS. The company is well positioned for top line growth and margin expansion. Activision Blizzard (ATVI) numbers were boosted at Credit Suisse. Shares are now seen reaching $20, according to Credit Suisse. Estimates also upped, given the company's new guidance. Outperform rating.
Axiall (AXLL) target and estimates were reduced to reflect higher ethylene costs and slow PVC demand, said Citigroup. Price target goes to $60. CenturyLink (CRL) earnings estimates were increased as growth in strategic services are expected to lead to stable revenue growth in 2014, said UBS.
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