Analysts' Actions: JDSU CSCO BIG ARO AAP
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Advance Auto Parts (AAP) downgraded at Credit Suisse from Outperform to Neutral, Credit Suisse said. $75 price target. Estimates also cut, as the company lacks near-term visibility.
Autobytel (ABTL) upgraded to hold at TheStreet Ratings.
ACCO Brands (ACCO) upgraded to hold at TheStreet Ratings.
Aeropostale (ARO) rated new Neutral at Lazard. Company has lost mindshare and market share with customers. Big Lots (BIG) downgraded at JP Morgan from Neutral to Underweight, JP Morgan said. Valuation call, based on a $34 price target. Cisco Systems (CSCO) rated new Hold at Needham. Sales growth could remain sluggish. Convergys (CVG) downgraded at Baird from Outperform to Neutral, Robert Baird said. $17 price target. Company has shed non-core assets and is improving execution at its call center unit. EOG Resources (EOG) upgraded at Miller Tabak to Buy, Miller Tabak said. Growth is accelerating in the Eagle Ford. Buy rating and $124 price target. Bottomline (EPAY) upgraded at Craig-Hallum from Hold to Buy, Craig-Hallum said. $26 price target. Company has addressed recent concerns. Ensco (ESV) downgraded at Clarkson to Market Perform, Clarkson Capital said. Valuation call, based on a $59 price target. Hillshire Brands (HSH) downgraded at DA Davidson to Underperform, DA Davidson said. $20 price target. Business is slowly declining. JDS Uniphase (JDSU) rated new Buy at Goldman. Coverage of JDSU was started with a Buy rating, Goldman Sachs said. $14 price target. Company should see increased customer spending in the second half of the year. Middleby (MIDD) downgraded at Baird from Outperform to Neutral, Robert Baird said. Valuation call, based on a $106 price target. Palo Alto (PANW) rated new Buy at Stifel. $75 price target. Company can continue to gain market share in the coming quarters. Pegasystems (PEGA) downgraded at Benchmark from Buy to Hold, Benchmark said. $23 price target. Company is seeing lower license revenue and earnings. Ralph Lauren (RL) downgraded at Argus from Buy to Hold, Argus said. Company is seeing weaker consumer demand and rising input costs. Teekay (TK) downgraded at Credit Suisse from Outperform to Neutral, Credit Suisse said. $34 price target. Company lacks near-term catalysts.Select the service that is right for you!
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