Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (
CHANGE IN RATINGS
Bank of America
(BAC - Get Report) downgraded at FBR from Outperform to Market Perform, FBR Capital Markets said. $15 price target. Company needs to raise additional capital.
(BHI - Get Report) upgraded at UBS from Neutral to Buy, UBS said. $87 price target. Estimates also boosted, as the company is realizing higher international margins.
Mack-Cali Reality Corp
(CLI - Get Report)
downgraded at Citi to Hold from Buy. Lack of fundamental catalysts and balance sheet is overcapitalized, Citigroup said. Price target lowered to $35 from $41.
upgraded at Citi to Buy from Hold. Attractive valuation, near term catalysts, and potential takeover target, Citigroup said. Maintain $6.50 price target.
El Paso Electric
(EE - Get Report)
upgraded at Jefferies to Buy, Jefferies said. Estimates also boosted, as the company is buying back more stock. $33 price target.
rated new Market Perform at Wells. Valuation call.
upgraded at RBC from Sector Perform to Outperform, RBC Capital said. $58 price target. Company is in the early stages of boosting growth in the restaurant and hotel sectors.
upgraded at UBS from Neutral to Buy, UBS said. Estimates also boosted, as near-term fundamentals are improving. $55 price target.
(RHT - Get Report)
upgraded at Baird from Neutral to Outperform, Robert Baird said. $50 price target. Billings growth is accelerating.
(VRS - Get Report)
upgraded at Credit Suisse to Outperform from Neutral. Attractive valuation and clarifying capacity, Credit Suisse said. Maintain $6 price target.
Waddell and Reed
(WDR - Get Report)
rated new Market Perform at Wells Fargo. Stock appears fairly valued at current levels.
End or report.