Analysts' Actions: A Daily Roundup of Street Research
CHANGE IN RATINGS
American Standard downgraded at Deutsche: Rating on ASD was cut from Buy to Hold, Deutsche Bank said. Limited upside to the $46 price target. New GDP estimates also lead to a second-half slowdown. Benchmark Electronics coverage initiated at Morgan Stanley: Morgan Stanley said it is initiating coverage of BHE with an Equal-Weight rating. Believe stock is fairly valued and currently have In-Line rating on Electronics Supply Chain industry. Minas Buenaventura downgraded at Goldman: BVN was downgraded to Underperform from In-Line, Goldman said. Decreased profitability for developing Cerro Quillish deposit and the company's gold hedge book seen limiting current upside Celanese upgraded at Goldman: Goldman Sachs said it is upgrading CE to Outperform from In-Line based on compelling valuation and superior industry structure. Complete Production rated new Buy at UBS: UBS said it is initiating coverage on CPX with a Buy rating. Cites high demand for unconventional natural gas basins continue to be in high demand. Sets $32 target price. Complete Production rated new Outperform at CSFB: CSFB said it is initiating coverage on CPX with an Outperform rating. Believes focus on unconventional, tight gas plays will support above average growth. Sets $32 target price. Complete Production coverage initiated at Jefferies: Jefferies said it is initiating coverage of CPX with a Buy rating. The company's niche expertise in the oil and gas industry will drive robust growth. Price target of $30. Energy East upgraded at Jefferies: Jefferies said it is upgrading EAS to a Buy rating from Hold based on limited downside risk and the possibility that NYSEG will return over 11.5% ROE. Price target of $24.50. Expedia upgraded at CSFB: CSFB said it is upgrading EXPE to Neutral from Underperform based on valuation and improvement in business trends. Maintained $16 target price. F5 Networks upgraded at Citigroup: FFIV was upgraded from Hold to Buy, Citigroup said. $64 price target. Company's addressable market is growing by 25% to 30% a year. Also spoke with management, and the current quarter appears to be trending well.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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