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CHANGE IN RATINGS
(AIG - Get Report)
rated new Hold at Stifel with a Neutral rating. Fundamental and perception headwinds remain.
(AKAM - Get Report)
downgraded at DA Davidson from Buy to Neutral, DA Davidson said. $36 price target. Stock is up 20% in the past month, though first quarter guidance could prove disappointing.
upgraded at Goldman to Buy, Goldman Sachs said. $46 price target. Systems revenue should post solid growth in the coming quarters.
(CMG - Get Report)
upgraded at William Blair to Outperform, William Blair said. Estimates also boosted, given solid sales momentum.
downgraded at Citigroup from Buy to Neutral, Citigroup said. $78 price target. More consistent desktop growth.
downgraded at JP Morgan from Neutral to Underperform, JP Morgan said. Stock trades at a premium to the industry.
Dr. Pepper Snapple
downgraded at Wells from Outperform to Market Perform, Wells Fargo said. Volumes will likely be weak and costs are staying high.
(ED - Get Report)
downgraded at JP Morgan from Neutral to Underweight, JP Morgan said. Relative valuation call.
downgraded at BofA/Merrill to Neutral, Bank of America/Merrill Lynch said. $42 price target. Lower power prices are hurting results in core markets.
downgraded at BMO Capital Markets to Underperform from Market Perform, BMO said. $44 price target. Defensive aspects seem mispriced and misplaced.
upgraded to hold at TheStreet Ratings.
downgraded at Morgan Stanley from Equal-weight to Underweight, Morgan Stanley said. Valuation call.
downgraded at JMP from Outperform to Market Perform, JMP Securities said. Company is seeing weaker retail license demand.
(LNT - Get Report)
downgraded at Baird from Outperform to Neutral, Robert Baird said. Regulated utility space appear overbought.
(MDR - Get Report)
downgraded at Goldman from Buy to Neutral, Goldman Sachs said. Consensus earnings expectations appear too high.
(PHM - Get Report)
downgraded at Guggenheim from Buy to Neutral, Guggenheim said. Valuation call, as visibility remains limited in the housing industry.
(PLCE - Get Report)
upgraded at BofA/Merrill from Underperform to Buy, Bank of America/Merrill Lynch said. Stock is already pricing in lower earnings and margins should recover in 2012.