NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Alon USA Energy (ALJ) was downgraded to hold at TheStreet Ratings.
AOL (AOL) was upgraded at Topeka Capital to buy from hold. $43 price target. Risk/reward is compelling at current levels, Topeka Capital said.
Cardinal Health (CAH) was initiated with a neutral rating at Sterne Agee. $48 price target. Company will likely grow slower than its peers, Sterne Agee said.Cisco (CSCO) was initiated with an underperform rating at Credit Suisse. $21 price target. SDN architecture will likely cut into industry margins, Credit Suisse said. Disney (DIS) was downgraded at Morgan Stanley to equal-weight. $70 price target. Company lacks near-term catalysts, Morgan Stanley said. FedEx (FDX) was downgraded at Goldman Sachs to neutral from buy. Valuation call, based on a $116 price target, Goldman said.
(GIS) was downgraded at Wells Fargo to market perform from outperform. U.S. retail environment remains weak, Wells Fargo said. Groupon (GRPN) was upgraded at Stifel Nicolaus to buy from hold. $16 price target. Growth is accelerating in the local business and Europe appears to be stabilizing, Stifel Nicolaus said. Huntsman (HUN) was upgraded at Bank of America/Merrill Lynch to buy from neutral. $24 price target. New strategic plan can unlock shareholder value, BofA/Merrill said. Juniper (JNPR) was initiated with a neutral rating at Credit Suisse. $20 price target. Secular concerns will likely offset a cyclical improvement in the core business, Credit Suisse said. McKesson (MCK) was initiated with a buy rating at Sterne Agee. $80 price target. Company has a dominant market share of specialty drugs, Sterne Agee said.
(MSCC) was downgraded at Wells Fargo to market perform from outperform. Valuation call, as the stock is trading at a price-to-earnings ratio of 27, based on estimated 2014 earnings. Rockwood (ROC) was downgraded at Goldman Sachs to neutral from buy. Valuation call, as the stock is up 53% over the past 10 months, Goldman said. $78 price target. TECO Energy (TECO) was downgraded to hold at TheStreet Ratings. Triumph (TGI) was downgraded at Credit Suisse to neutral from outperform. $77 price target. Company is spending more on its 747 program, Credit Suisse said. Travelers (TRV) was upgraded at FBR Capital Markets to outperform from market perform. $94 price target. Stock is pricing in a more cautious industry pricing outlook, FBR Capital Markets said. Time Warner (TWX) was upgraded at Morgan Stanley to overweight from equal-weight. $72 price target. Publishing spin should highlight a business that's leveraged to a healthy and growing TV ecosystem, Morgan Stanley said.
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