Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Bank of America (BAC) downgraded at FBR from Outperform to Market Perform, FBR Capital Markets said. $15 price target. Company needs to raise additional capital.
Baker Hughes (BHI) 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) 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. Cogdell Spencer (CSA) 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) upgraded at Jefferies to Buy, Jefferies said. Estimates also boosted, as the company is buying back more stock. $33 price target. Janus Capital (JNS) rated new Market Perform at Wells. Valuation call. Micros Systems (MCRS) 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. Noble (NE) upgraded at UBS from Neutral to Buy, UBS said. Estimates also boosted, as near-term fundamentals are improving. $55 price target. Red Hat (RHT) upgraded at Baird from Neutral to Outperform, Robert Baird said. $50 price target. Billings growth is accelerating. Verso Paper (VRS) upgraded at Credit Suisse to Outperform from Neutral. Attractive valuation and clarifying capacity, Credit Suisse said. Maintain $6 price target. Waddell and Reed (WDR) rated new Market Perform at Wells Fargo. Stock appears fairly valued at current levels.
End or report.
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