Also see: NYSE, Primerica: New Targets, Estimates
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Arthur J. Gallagher (AJG) was upgraded at Sterne Agee from Neutral to Buy. $33 price target. Stock has underperformed its peers this year, despite posting solid core earnings, Sterne Agee said.
Aruba Networks (ARUN) was upgraded from Neutral to Outperform at Wedbush. $30 price target. Stock has pulled back and has premier growth potential, Wedbush said.AptarGroup (ATR) was upgraded at Keybanc from Hold to Buy. $60 price target. Company should continue to deliver solid organic growth, Keybanc said. Celanese (CE) was downgraded at Morgan Stanley to Equal-weight. Company is leveraged to potential slower growth in China and weaker acetyls margins, Morgan Stanley said. $55 price target. Cliffs Natural Resources (CLF) was initiated with a Buy rating at UBS. $122 price target. Company can deliver solid cash flow growth, UBS said. LinkedIn (LNKD) was initiated with an Equal-Weight rating at Evercore Partners. Valuation call, based on a $70 price target, Evercore said. Molson Coors (TAP) was downgraded at Stifel Nicolaus from Buy to Hold. Company would be paying a hefty premium for its stake in Foster's, Stifel Nicolaus said. Nokia (NOK) was downgraded at Wunderlich from Buy to Hold. Lower profits will hurt the company's balance sheet, Wunderlich said. Praxair (PX) was upgraded at Morgan Stanley from Underweight to Equal-Weight. $112 price target. Estimates also boosted, given better expected hydrogen growth, Morgan Stanley said. Ryder System (R) was upgraded at Keybanc from Hold to Buy. $63 price target. Company could see a multiyear recovery in vehicle leasing, Keybanc said. Transocean (RIG) was upgraded at Argus Research from Hold to Buy. $85 price target. Stock yields 5% and offers an attractive risk/reward at current levels, Argus said. RPX Corp. (RPX) was rated new Equal-Weight at Barclays. Valuation call, based on a $34 price target, Barclays said. Stericycle (SRCL) was upgraded from Underperform to Neutral at Bank of America/Merrill Lynch. $88 price target. Company is facing less competition from WM, BofA/Merrill said. TTM Technologies (TTM) was upgraded at Needham from Buy to Strong Buy. Stock is a leader and trading at a discount to its peers, Needham said. Universal Health (UHS) was upgraded to Outperform at Leerink Swann. Stock is attractive following a recent pullback, Leerink Swann said.
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