NEW YORK ( TheStreet) -- CHANGE IN RATINGS
ABB Ltd (ABB) downgraded at Deutsche to Hold from Buy.
AnnTaylor (ANN) initiated at MKM Partners with a Buy rating and $21 price target. Company is a classic retail turnaround story.Babcock & Wilcox (BWC) initiated at KeyBanc with a Buy rating and $28 price target. Long-term E&C play on the power sector and one of the few E&C companies that owns and develops its own proprietary technologies. CIT Group (CIT - Get Report) initiated at Barclays with an Overweight rating and $46 price target. CIT has one of the cleanest book values of any publicly traded finance company, Barclays said. Cree (CREE - Get Report) resumed at Kaufman Bros with a Hold rating and $58 price target. Technology leader in their space and a pure-play on the growth in the LED market. Koppers Holdings (KOP - Get Report) resumed at KeyBanc with a Buy rating and $28 price target. Solid earnings growth, entrenched market position, and a healthy balance sheet. Potash (POT - Get Report) downgraded at BMO Capital to Market Perform from Outperform. Saks (SKS) downgraded at JP Morgan to Neutral from Overweight. Stereotaxis (STXS) initiated at Madison Williams with a Buy rating. Teekay Offshore Partners (TOO) upgraded at Citi to Buy from Hold as shuttle tankers gain steam and acquisitions offered. Price target surged to $26 from $15. Vecco Instruments (VECO) initiated at Kaufman with a Buy rating and $56 price target. Metrology sale and strong rev growth in 2010 and 2011 both positive for earnings, Kaufman said.