Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Bank of America (BAC) was started with a Neutral rating at UBS. $13.50 price target. Company still faces significant headwinds, UBS said.
CardioNet (BEAT) was upgraded at Citigroup to Hold from Sell on early signs of fundamental improvement, Citigroup said. Maintain $4.45 price target.Blackrock (BLK) was upgraded at Ticonderoga from Neutral to Buy. $225 price target. Company should continue to grow and will likely buyback stock, Ticonderoga said. Citigroup (C) was initiated with a Buy rating at UBS. $5.60 price target. Company has a strong global position, UBS said. DigitalGlobe (DGI) was downgraded at Benchmark Company from Buy to Hold. $30 price target. Company is facing a weaker commercial outlook, Benchmark said. Dick's Sporting Goods (DKS) was upgraded at Oppenheimer to Outperform from Perform. Sales and earnings trends have improved significantly, Oppenheimer said. $50 price target. FEI Company (FEIC) was upgraded at Merriman Capital to Buy from Neutral. Research/Industry and Life Sciences segments are driving growth, Merriman said. First Solar (FSLR) was downgraded at Collins Stewart to Hold from Buy. Company could face a multiple contraction, given further delays with the DoE, Collins Stewart said. Goldman Sachs (GS) was initiated with a Buy rating at UBS. $200 price target. Company has a strong management team and remains focused on its core strengths, UBS said. JP Morgan Chase (JPM) was initiated with a Buy rating at UBS. $54 price target. Company is using its capital strength as an advantage, UBS said. KAR Auction (KAR) was downgraded at Robert Baird to Neutral from Outperform. $21 price target. Valuation call, as the stock is up 39% year-to-date, Baird said. Legg Mason (LM) was downgraded to Market Perform at Keefe, Bruyette & Woods. $39 price target. Company is facing higher compensation costs, KBW said. Morgan Stanley (MS) was initiated with a Neutral rating at UBS. $28 price target. Company is still in the midst of a turnaround, UBS said. Mylan (MYL) was downgraded at Morgan Stanley to Equal-Weight from Overweight. $25 price target. Company is facing pricing pressure overseas, Morgan Stanley said. Norfolk Southern (NSC) was downgraded at Jefferies to Hold. Valuation call, based on a $78 price target, Jefferies said.
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