Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (TheStreet) -- CHANGE IN RATINGS
AmerisourceBergen (ABC) upgraded at Stifel from Hold to Buy. Valuation call, based on a $49 price target.
AK Steel (AKS) downgraded at Keybanc from Buy to Hold. Company is facing lower metal spreads.Bemis (BMS) upgraded at BofA/Merrill from Underperform to Buy. Company can continue to deliver consistent growth in a volatile market. Brocade (BRCD) downgraded at Goldman from Neutral to Sell. $3.30 target. Consensus expectations remain too high. Edwards Lifesciences (EW) upgraded at Rodman from Underperform to Market Perform. $66 price target. Stock may be due to see some short covering. Family Dollar (FDO) upgraded at Goldman from Neutral to Buy. $60 price target. Company thrives in a choppy macro. F5 Networks (FFIV) upgraded at Goldman to Neutral. Valuation call, based on a $94 price target. Gildan Activewear (GIL) upgraded at FBR from Underperform to Market Perform. $27 price target. Stock is already pricing in lower potential near-term growth. General Motors (GM) upgraded at Ticonderoga from Neutral to Buy. $42 price target. Management will likely continue to cut costs. Grainger (GWW) upgraded at BofA Merrill from Neutral to Buy. $168 price target. Share price decline provides attractive upside opportunity. Harris (HRS) downgraded at Merriman to Neutral. Budget pressures will likely lead to further defense cuts. IBM (IBM) upgraded at Goldman to Buy. $195 price target. Company can continue to grow in a difficult environment. Illinois Tool Works (ITW) downgraded at BofA Merrill from Neutral to Underperform. $53 price target. More limited price upside relative to peers following the market correction. Juniper Networks (JNPR) downgraded at Goldman to Neutral. $27 price target. Company lacks near-term catalysts. Lexmark (LXK) downgraded at Goldman from Neutral to Sell. $25 price target. Company is facing challenges as its changes its business model. MeadWestvaco (MWV) upgraded at BofA/Merrill from Neutral to Buy. Stock is attractive, following a recent pullback. NetApp (NTAP) upgraded at Piper Jaffray from Neutral to Overweight. $58 price target. Company likely to hit projected sales targets.
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