NEW YORK (
CHANGE IN RATINGS
(AAP - Get Report)
rated new Buy at Deutsche. $80 price target. Company can gain market share in a favorable environment.
American Eagle Outfitters
(AEO - Get Report)
upgraded at Piper Jaffray from Neutral to Overweight. $19 price target. Business trends have remained strong in Q4.
American Eagle Outfitters upgraded at Jefferies to Buy from Hold. $21 price target. Normalizing cotton costs now a tailwind.
American Equity Investment
is downgraded to hold at TheStreet Ratings.
upgraded at Goldman from Neutral to Buy, Goldman Sachs said. $44 price target. Shipments should return to normal levels in the first half of 2012.
downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $62 price target. Premium valuation and 12-15% outperformance.
upgraded at Jefferies to Buy from Hold, Jefferies said. $32 price target. Normalized cotton costs are now a tailwind.
upgraded at Goldman from Neutral to Buy, Goldman Sachs said. $10 price target. Company is gaining market share in the core MCU business.
downgraded at Morgan Stanley from Equal-weight to Underweight, Morgan Stanley said. Valuation call, based on a $68 price target.
downgraded at BofA/Merrill from Buy to Neutral, Bank of America/Merrill Lynch said. $20 price target. Lower housing prices and tax headwinds could hurt earnings.
downgraded at Credit Suisse to Neutral, Credit Suisse said. Valuation call, based on a $55 price target.
(CMG - Get Report)
upgraded at Deutsche from Hold to Buy, Deutsche Bank said. $390 price target. Secular leaders should continue to outperform, despite valuation.
(CSCO - Get Report)
upgraded at JP Morgan from Neutral to Overweight, JP Morgan said. $21 price target. Current issues unlikely to persist in 2012.
downgraded at Sterne Agee from Buy to Neutral, Sterne Agee said. $8 price target. Valuation call.
downgraded at BofA/Merrill to Neutral, Bank of America/Merrill Lynch said. $20 price target. Reimbursement headwinds will continue to affect the industry in 2012.
upgraded at Morgan Stanley from Equal-weight to Overweight, Morgan Stanley said. $91 price target. Company has good earnings visibility and should garner a higher price multiple.