Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK ( TheStreet) -- CHANGE IN RATINGS
American International (AIG) rated new Neutral at Goldman. $31 price target. Company faces growth headwinds in the near term.
Franklin Resources (BEN) upgraded at Ticonderoga from Neutral to Buy. $145 price target. Company should deliver solid organic growth.CBOE (CBOE) downgraded at Goldman to Sell. Company is losing market share. Clearwire (CLWR) upgraded at Kaufman from Hold to Buy. $6 price target. Risk/reward is more favorable at current levels. Clorox (CLX) downgraded at Morgan Stanley to Underweight. Valuation call, based on a $63 price target. Cabot Oil & Gas (COG) downgraded at Canaccord from Buy to Hold. Company is seeing better output from the Marcellus shale. $85 price target. Gap (GPS) downgraded at Barclays from Overweight to Equal-weight. $17 price target. Estimates also cut, to match the company's new guidance. Impax Laboratories (IPXL) downgraded at JP Morgan from Overweight to Neutral. $26 price target. Valuation call, as the company lacks near-term catalysts. Knight Capital (KCG) upgraded at Goldman to Buy. $14 price target. Market is ignoring positive actions at the company. Kinder Morgan (KMI) rated new Hold at Deutsche Bank. $30 price target. Raymond James (RJF) upgraded at Goldman to Buy. Valuation call. Stifel Financial (SF) downgraded at Goldman to Neutral. Estimates also cut. SunPower (SPWRA) downgraded at Jefferies to Hold, Jefferies said. $19 price target. Estimates also cut, to match the company's new guidance. SunPower downgraded at Needham from Hold to Underperform. Stock will likely move lower, following the tender offer later this month. Visteon (VC) rated new Overweight at JP Morgan. $75 price target. Company is leveraged to emerging markets growth. Verizon (VZ) upgraded at Oppenheimer from Perform to Outperform. Valuation call, based on a $42 price target.
End of report.
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