NEW YORK (TheStreet) -- CHANGE IN RATINGS
Assurant (AIZ) was downgraded at Bank of America/Merrill Lynch to Underperform. $45 price target. Company could fall short of consensus earnings expectations, BofA/Merrill said.
Avon (AVP) was downgraded at Caris & Co. from Above Average to Average. Estimates were also slashed, and the dividend may come into question, Caris said.
Chesapeake Energy (CHK) was downgraded at Robert Baird from Outperform to Neutral. $22 price target. Ramp in liquids appears materially impaired, Baird said.ConocoPhillips (COP) was downgraded at BofA/Merrill to Underperform. Valuation call, based on a $63 price target, Bank of America/Merrill said. Demand Media (DMD) was upgraded to Hold at TheStreet Ratings. Endo Pharmaceuticals (ENDP) was downgraded at Cantor Fitzgerald to Hold. $39 price target. Company is still recovering from a supply disruption and has the potential Lidoderm settlement looming, Cantor said. EQT (EQT) was downgraded at Brean Murray to Hold. Stock is already pricing in the potential IPO of its MLP, Brean Murray said. Edwards Lifesciences (EW) was upgraded at Wells Fargo to Outperform. Sapien expectations are more reasonable and the product should see higher reimbursement rates. Fiserv (FISV) was downgraded at DA Davidson to Neutral. Valuation call, based on a $75 price target, DA Davidson said. Flextronics (FLEX) was upgraded at Bank of America/Merrill Lynch. $7.50 price target. Company is realizing higher margins. Genworth Financial (GNW) was upgraded at BofA/Merrill to Neutral. Management change is a potential positive for the company, BofA/Merrill Lynch. $8 price target. GNC Acquisition Holdings (GNC) was initiated with a Hold rating at TheStreet Ratings. Herbalife (HLF) was upgraded at Auriga USA to Buy. $68 price target. 20% pullback has created a buying opportunity, Auriga said. Heartland Payment (HPY) was downgraded at Wells Fargo to Market Perform. Valuation call, even though estimates are moving higher, Wells Fargo said. Kansas City Southern (KSU) was downgraded at BMO Capital to Underperform. Valuation call, based on a $68 price target, BMO Capital said. Regal Entertainment (RGC) was upgraded at Stifel Nicolaus from Hold to Buy. $17 price target. Company fundamentals are improving, Stifel Nicolaus said. TripAdvisor (TRIP) was upgraded at Capstone from Sell to Hold. International business is driving growth. TripAdvisor was upgraded at BofA/Merrill from Neutral to Buy. $53 price target. Estimates also boosted, given the company's secular growth drivers, BofA/Merrill said.
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