MetroPCS (PCS) upgraded at Barclays to Equal-weight. $14 price target. Stock is already pricing in a higher churn rate and capital spending.
MetroPCS (PCS) downgraded at Baird from Outperform to Neutral. $10 price target. Company is struggling to promote smartphone growth.
Parker Hannifin (PH) downgraded at JPMorgan from Overweight to Neutral. $83 price target. Slowing end market growth.
Pinnacle West (PNW) upgraded at RBC from Sector Perform to Outperform. Stock is attractive, following a post-earnings selloff.Rowan (RDC) upgraded at Credit Suisse from Underperform to Neutral. $46 price target. Continued market success in high spec jackups. Rock-Tenn (RKT) upgraded at Deutsche from Hold to Buy. $80 price target. Company posted a strong quarter and is seeing synergies from the Smurfit-Stone purchase. Trimble Navigation (TRMB) upgraded at Canaccord from Hold to Buy. $53 price target. Company is leveraged to improving end-market demand. Texas Instruments (TXN) downgraded at Sterne Agee from Buy to Neutral. Weaker key industrial and consumer markets could be a headwind.
End of report.