NEW YORK (TheStreet) -- CHANGE IN RATINGS
Archer Daniels Midland (ADM) downgraded at Citigroup to Neutral from Buy, Citigroup said. $32 price target. US corn crop in danger due to drought conditions.
China Cord Blood (CO) upgraded to hold at TheStreet Ratings
Cree (CREE) rated new Underperform at BofA Merrill. $17 price target. Consensus expectations are too high.Cirrus Logic (CRUS) downgraded at Oppenheimer to Perform from Outperform, Oppenheimer said. Valuation now fair. DuPont (DD) downgraded at Jefferies to Hold from Buy, Jefferies said. $55 price target. Weaker EU demand. Delek US (DK) upgraded at Deutsche Bank to Buy from Hold, Deutsche Bank said. $23 price target. Long- term boom in US oil and gas. Dollar Tree (DLTR) downgraded at Deutsche Bank to Hold from Buy, Deutsche Bank said. $54 price target. Valuation call. National Electricity Company of Chile (EOC) upgraded to Buy at TheStreet Ratings. IMAX (IMAX) rated new Overweight at JPMorgan at Overweight, JPMorgan said. $30 price target. Attractive long-term growth story. KKR & Co (KKR) upgraded at Oppenheimer to Outperform from Perform, Oppenheimer said. $18 price target. Great progress in monetizing investments. Parametric Technology (PMTC) downgraded at Jefferies to Hold from Buy, Jefferies said. $21 price target. Demand deteriorating. Hold rating. Phillips 66 (PSX) upgraded at Deutsche Bank to Buy from Hold, Deutsche Bank said. $42 price target. Premium unconventional oil play. Qlik Technologies (QLIK) downgraded at Jefferies to Hold from Buy, Jefferies said. $24 price target. Softer trends in 2Q12. SunTrust (STI) upgraded at Morgan Stanley to Overweight from Equal-weight, Morgan Stanley said. $29 price target. Refi wave persists and reps and warranties fade. Tiffany & Co (TIF) upgraded at Canaccord to Buy from Hold. $63 price target. Rare entry point for top global luxury brand. United Parcel Service (UPS) downgraded at Deutsche Bank to Hold from Buy. $82 price target. Near fair value given European uncertainty.
STOCK COMMENTS / EPS CHANGESCheck Point Software (CHKP) numbers lowered at Jefferies. Shares of CHKP now seen reaching $57, Jefferies said. Estimates also lowered on caution in the third quarter. Buy rating. F5 Networks (FFIV) numbers lowered at Oppenheimer. Shares of FFIV now seen reaching $130, Oppenheimer said. Estimates also lowered on tough September targets. Outperform rating. >To submit a news tip, email: firstname.lastname@example.org.
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