Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Activision Blizzard (ATVI) rated new Buy at Citigroup. $16 price target. Investors are overlooking company's significant online gaming assets.
BB&T (BBT) upgraded at Credit Suisse from Underperform to Neutral, Credit Suisse said. $25 price target. Company should see better loan growth and improving credit quality.CIT Group (CIT) upgraded at Evercore from Equal-weight to Overweight. $45 price target. Company is fixing its balance sheet sooner than expected. Dunkin' Brands (DNKN) rated new Neutral at BofA Merrill. $29 price target. Shares are trading at a substantial premium to other global QSR stocks. Dunkin Brands rated new Outperform at Robert Baird. $33 price target. Company can deliver consistent 15%-plus annual earnings growth. Dunkin Brands rated new Equal-weight at Morgan Stanley. Valuation call, based on a $29 price target. Dunkin Brands rated new Sell at Goldman Sachs. $23 price target. Stock is already pricing in the potential for solid near-term growth. DeVry (DV) upgraded at Deutsche from Hold to Buy. $53 price target. Stock is attractive, following a 26% decline. Electronic Arts (ERTS) rated new Hold at Citigroup. $25 price target. Should benefit from online gaming growth. Gen-Probe (GPRO) upgraded at Canaccord from Hold to Buy. New product cycle should help drive growth. Ingersoll-Rand (IR) upgraded at UBS from Neutral to Buy. $43 price target. Share price already discounting a recession. Nike (NKE) downgraded at HSBC from Overweight to Neutral, HSBC Securities said. $96 price target. Owens Corning (OC) upgraded at Goldman to Buy. Demand should begin to improve in the roofing business. Management also returns cash to shareholders. Old Dominion (ODFL) upgraded at Credit Suisse from Neutral to Outperform. Valuation call, based on a $41 price target. Pepsico (PEP) downgraded at Morgan Stanley from Overweight to Equal-weight. Domestic sales trends are lagging. Synovus Financial (SNV) upgraded at Credit Suisse from Neutral to Outperform. $2.25 price target. Company will likely not need to raise more capital in the near-term and should ultimately sell itself.
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