NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Acme Packet (APKT)rated new Equal-weight at Morgan Stanley. SBC market growth should continue to slow in 2012.Arris Group (ARRS) upgraded to buy at TheStreet Ratings Autozone (AZO - Get Report) upgraded at Goldman from Sell to Neutral, Goldman Sachs said. $370 price target. Commercial rollout is gaining traction. Bank of America (BAC - Get Report) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. Company needs to cut costs and faces high execution risks. Brocade (BRCD - Get Report) rated new Hold at Kaufman. $6 price target. Company faces sales headwinds in the first half of the year. Cal-Maine Foods (CALM - Get Report) upgraded to buy at TheStreet Ratings. Citigroup (C - Get Report) upgraded at Goldman to Buy from Neutral, Goldman Sachs said. Company has a clear path to return capital. CF Industries (CF - Get Report) downgraded at Dahlman from Buy to Hold, Dahlman Rose said. Valuation call, based on a $180 price target. Copart (CPRT) downgraded at Goldman from Neutral to Sell, Goldman Sachs said. Valuation call, based on a $46 price target. End-market demand appears to be peaking. DR Horton (DHI) downgraded at KBW to Market Perform, Keefe, Bruyette & Woods said. Valuation call, based on a $15 price target. Hain Celestial Group (HAIN) added to Top Picks Live at Citigroup. $46 price target. Well positioned for solid growth in 2012. Kellogg (K) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $48 price target. Earnings will likely disappoint over the next couple of years. KAR Auction (KAR) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. End-market demand is bottoming and the company can deliver accelerated earnings growth. $17 price target. Legg Mason (LM) upgraded at KBW from Market Perform to Outperform, Keefe, Bruyette & Woods said. $31 price target. Flow trends are improving. Morgan Stanley (MS) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. Company was also placed on the Conviction List. $23 price target. Company is focused on fixing legacy issues.
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