Analysts' Actions: C, WFC, RIMM, GOOG, CHK
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Bruker (BRKR) downgraded at BofA/Merrill from Buy to Underperform, Bank of America/Merrill Lynch said. Margin expansion could take longer than expected. $13.50 price target.
Chesapeake Energy (CHK) downgraded at Brean from Buy to Hold, Brean Murray said. Company is leveraged to lower natural gas prices.
Cree (CREE) downgraded at Ticonderoga from Buy to Neutral, Ticonderoga said. Company is seeing lower margins and lacks sales visibility.
Cree upgraded at ThinkEquity from Hold to Buy, ThinkEquity said. $30 price target. Valuation call, based on a $30 price target. Cash America (CSH) downgraded at FBR from Outperform to Market Perform, FBR Capital Markets said. $50 price target. Company is facing higher credit costs and narrower margins. DirecTV (DTV) downgraded at UBS to Neutral from Buy, UBS said. $46 price target. Subscriber growth likely to slow. Edwards Lifesciences (EW) rated new Buy at ThinkEquity. $100 price target. Sapien catheter should drive near-term growth. Expedia (EXPE) rated new Underweight at JP Morgan. $31 price target. Company is facing increased competition. Guess (GES) downgraded at Piper from Overweight to Neutral, Piper Jaffray said. $29 price target. Company faces currency headwinds. Google (GOOG) downgraded at Wells from Outperform to Market Perform, Wells Fargo said. Company faces several potential growth headwinds. Hudson City Bancorp (HCBK) downgraded at BofA/Merrill from Neutral to Underperform, Bank of America/Merrill Lynch said. Stock appears fully valued at current levels. Kroger (KR) downgraded at BMO from Outperform to Market Perform, BMO Capital said. Valuation call, based on a $25 price target. Lennox (LII) downgraded at Keybanc from Buy to Hold, Keybanc said. Mild weather is hurting HVAC demand. MGM Resorts (MGM) upgraded at Credit Suisse from Underperform to Neutral, Credit Suisse said. $13 price target. Strip activity is showing steady gains. Mohawk Industries (MHK) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. Valuation call, based on a $63 price target. People's United (PBCT) downgraded at BofA/Merrill from Neutral to Underperform, Bank of America/Merrill Lynch said. Company faces earnings headwinds in the new year. PVH (PVH) rated new Neutral at Credit Suisse. $72 price target. Company remains highly leveraged to declining department store traffic.Select the service that is right for you!
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