NEW YORK ( TheStreet) -- CHANGE IN RATINGS
American Eagle (AEO) was upgraded at Wedbush from Neutral to Outperform. $22 price target. Positive store checks suggest that higher sales and margins are around the corner, Wedbush said.
Accretive Health (AH) was downgraded at UBS to Neutral from Hold. $11 price target. Possibly more issues lurking around the corner, UBS said.
Alere (ALR) was upgraded at Leerink Swann to Outperform from Market Perform. $28-$30 valuation range. Attractive upside potential, Leerink Swann said.Abercrombie & Fitch (ANF) was upgraded to Buy from Neutral at UBS. $66 price target. Trend stabilization and favorable risk/reward, UBS said. Cardtronics (CATM) was upgraded at Piper Jaffray from Neutral to Overweight. $32 price target. Company is posting higher sales growth, Piper Jaffray said. Cavium Networks (CAVM) was upgraded at Mizuho from Neutral to Buy. $35 price target. Business fundamentals are improving, Mizuho said. Costco (COST) was downgraded at Deutsche Bank to Hold. Valuation call, based on an $89 price target, Deutsche Bank said. ExactTarget (ET) was initiated with a Buy rating at Canaccord Genuity. $32 price target. Company has a broad product portfolio that addresses a big market opportunity, Canaccord said. Haemonetics (HAE) was upgraded at Morgan Stanley from Underweight to Equal-Weight. Visibility is improving and the Pall purchase can drive long-term growth, Morgan Stanley said. Hologic (HOLX) was downgraded at Dougherty to Neutral. $20 price target. GPRO acquisition is unimpressive, Dougherty said. McKesson (MCK) was downgraded at Auriga USA from Buy to Hold. Valuation call, based on a $98 price target, Auriga USA said. Schnitzer Steel (SCHN) was initiated with a Hold rating at Keybanc. Company lacks near-term catalysts, Keybanc said. Vantiv (VNTV) was initiated with a Neutral rating at Goldman Sachs. Valuation call, based on a $23 price target. Vantiv was initiated with a Buy rating at Deutsche Bank. $26 price target. New merchant wins are driving organic growth, Deutsche Bank said. WMS Industries (WMS) was upgraded at Credit Suisse from Neutral to Outperform. $27 price target. Estimates also boosted, as management is turning the business around, Credit Suisse said.
STOCK COMMENTS / EPS CHANGESBed Bath & Beyond (BBBY) numbers raised at Oppenheimer. Shares are now seen reaching $84. Estimates were also raised on sales and margin momentum, Oppenheimer said. Outperform rating.
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