NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Ancestry.com (ACOM) downgraded at Morgan Stanley from Overweight to Equal-weight, Morgan Stanley said. Sales growth could decelerate in the coming quarters.
Adtran (ADTN) downgraded at Jefferies from Buy to Hold, Jefferies said. $29.75 price target. Acquisition presents a major change in growth strategy.
Acme Packet (APKT) upgraded at Morgan Keegan to Outperform, Morgan Keegan said. $45 price target. Wireless should drive growth in the coming quarters.Avon (AVP) upgraded at BMO from Market Perform to Outperform, BMO Capital said. Valuation call, based on a $25 price target. CareFusion (CFN) rated new Market Perform at Morgan Keegan. $28 price target. Company can generate double-digit annual earnings growth over the next few years, though macro headwinds persist Cintas (CTAS) rated new Buy at Keybanc with a Buy rating, Keybanc said. $36 price target. New growth businesses should drive earnings. Fleetcor (FCH) upgraded at JP Morgan to Overweight, JP Morgan said. $41 price target. AllStar acquisition should add to earnings. Groupon (GRPN) rated new Buy at Goldman Sachs. $29 price target. Company is unlocking value in the local advertising market. Groupon rated new Neutral at JPMorgan. Valuation call, based on a $24 price target. Groupon rated new Hold at Deutsche Bank. $21 price target. Groupon rated new Buy at BofA/Merrill. $28 price target. Company can deliver solid growth in the coming quarters. Groupon rated new Outperform at Wells Fargo. Company is a market leader and can deliver solid sales growth. Groupon rated new Outperform at William Blair. Company is a market leader and competition has high barriers to entry. Groupon rated new Neutral at Citigroup. $24 price target. Material upside requires success in new segments. Groupon rated new Neutral at Credit Suisse. Valuation call, based on a $25 price target. Groupon rated new Equal-weight at Morgan Stanley. Valuation call, as fair value appears to be $27. Sirius XM Radio (SIRI) upgraded to buy at TheStreet Ratings. Six Flags (SIX) rated new Hold at Keybanc. Valuation call, as the stock has already gained 40% year-to-date. TCF Financial (TCB) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $11.50 price target. New analyst believs ts that higher operating costs could hurt near-term earnings.
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