NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Barrick Gold (ABX) downgraded to hold at TheStreet Ratings.
Burger King (BKW) rated new Neutral at Credit Suisse. Valuation call, based on a $16 price target.
Bridgepoint Education (BPI) downgraded to hold at TheStreet Ratings.DeVry (DV) downgraded at Citigroup to Neutral from Buy, Citigroup said. $25 price target. Company pre-announces another miss. DeVry downgraded at Oppenheimer to Perform from Outperform, Oppenheimer said. Negative pre-announcement. DeVry downgraded at Topeka from Buy to Hold, Topeka Capital said. $23 price target. Estimates also cut, given slower realized growth. Genesee & Wyoming (GWR) upgraded at Morgan Stanley to Overweight, Morgan Stanley said. $70 price target. RA purchase appears to be a transformational deal. HollyFrontier (HFC) downgraded at BofA/Merrill to Neutral, Bank of America/Merrill Lynch said. Valuation call, as the stock is up 60% year-to-date. ServiceNow (NOW) rated new Neutral at UBS. $26 price target. Upside limited with current valuation. ServiceNow rated new Neutral at Credit Suisse. Valuation call, based on a $24 price target. ServiceNow rated new Outperform at Wells Fargo. Company can sustain 40% annual sales growth and expand its margins. NRG Energy (NRG) downgraded at Deutsche from Buy to Hold, Deutsche Bank said. Valuation call, based on a $20 price target. Tesoro (TSO) downgraded at BofA/Merrill to Neutral. Company remains leveraged to California, which can be volatile.
STOCK COMMENTS / EPS CHANGESHomeAway (AWAY) estimates, target cut at Credit Suisse. Shares of AWAY now seen reaching $27, according to Credit Suisse. Estimates also reduced, as the company lacks near-term catalysts. Neutral rating. BB&T (BBT) estimates, target increased at Sterne Agee through 2013, Sterne Agee said. Company boosted its guidance, given better loan growth. Buy rating and new $37 price target. Deckers Outdoor (DECK) target cut at Piper. Shares of DECK now seen reaching $50, according to Piper Jaffray. Company is leveraged to slower growth in Europe. Neutral rating. DeVry (DV) estimates, target reduced at Morgan Stanley. DV estimates were cut through 2013, Morgan Stanley said. Company is guiding to higher costs and lower starts. Overweight rating and new $32 price target. Eaton (ETN) estimates lowered at UBS through 2013, UBS said. Lower market growth and corresponding decrease in outgrowth. Neutral rating and $40 price target.
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