NEW YORK (TheStreet) -- CHANGE IN RATINGS
ALCO Stores (ALCS) was downgraded to sell at TheStreet Ratings.
Gamestop (GME) was downgraded to hold at TheStreet Ratings.
CIT Group (CIT) was upgraded at Drexel Hamilton to buy from hold. Price target is $52. The termination of the agreement with the Fed bank of New York frees up $2 billion in excess capital to return to shareholders, Drexel Hamilton said.Chevron (CVX) was downgraded at Jefferies to hold from buy. Valuation call, based on a $135 price target, Jefferies said. Hornbeck Offshore (HOS) was upgraded at J.P. Morgan to overweight. $66 price target. Market is still not factoring in the company's ability to grow earnings and free cash flow, J.P. Morgan said. (HPY) was upgraded at Piper Jaffray to overweight from neutral. Price target is $42. Further operating margin expansion as well as improving food service spending should increase EPS growth, Piper Jaffray said. IHS (IHS) was initiated with a hold rating at Deutsche Bank. Valuation call, based on a $110 price target, Deutsche said. Infinera (INFN) was downgraded at Jefferies to hold from buy. INFN now trades at a reasonable premium compared to its sector, Jefferies said. Micros Systems (MCRS) was downgraded at Compass Point to neutral from buy. $45 price target. Organic growth improvement has not materialized, Compass Point said. (SFD) was downgraded at DA Davidson to neutral. $34 price target. Company posted lower earnings, but the Shuanghui deal will likely go through, DA Davidson said. Ubiquiti Networks (UBNT) was initiated with a buy rating and $21 price target at Bank of America. The company has significant growth potential by being the key player in the low-cost, high-performance networking gear market, Bank of America said.
STOCK COMMENTS/EPS CHANGESCasey's (CASY) estimates, price target raised at Goldman Sachs. Shares are now seen reaching $63. Estimates were also increased, given stronger realized sales, Goldman said. Neutral rating. Dollar Tree (DLTR) price target was raised at J.P. Morgan. Focus on gross-margin growth led to a price target increase to $55/share, J.P. Morgan said. EBIT dollar and margin expansion are projected over the next year, J.P. Morgan also said.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV