NEW YORK (TheStreet) -- CHANGE IN RATINGS
Advanced Micro Devices (AMD) downgraded to sell at TheStreet Ratings.
Accuray (ARAY) upgraded to hold at TheStreet Ratings.
Apollo (APOL) downgraded at Deutsche from Hold to Sell, Deutsche Bank said. $25 price target. Company is facing increased competitive pressures.Carefusion (CFN) rated new Buy at ThinkEquity. $30 price target. Company can continue to deliver solid organic growth over the next few quarters. Chemtura (CHMT) rated new Buy at Lazard. $25 price target. Company is positioned well to deliver solid margin growth. Denbury Resources (DNR) upgraded at Sterne Agee to Buy, Sterne Agee said. $20 price target. Company is leveraged to higher gulf coast crude pricing. DSW (DSW) rated new Neutral at Credit Suisse. Valuation call, based on a $70 price target. First Horizon (FHN) downgraded at Guggenheim to Neutral, Guggenheim said. Valuation call, as the stock is up 10% since May. Foot Locker (FL) rated new Outperform at Credit Suisse. $43 price target. Company is carrying a lot of sales momentum into the second half of the year. Green Mountain (GMCR) rated new Buy at Lazard. $39 price target. K-Cup should continue to drive growth over the next several quarters. Gartner (IT) downgraded at Lazard from Buy to Neutral, Lazard said. Valuation call, as the stock is up 47% year-to-date. Jacobs Engineering (JEC) downgraded at Lazard from Buy to Neutral, Lazard said. Valuation call, as the company will likely struggle to expand its multiple. Nvidia (NVDA) downgraded at Cantor from Buy to Hold, Cantor Fitzgerald said. $13.50 price target. Company is leveraged to slower growth in the PC market. Priceline.com (PCLN) upgraded at Nomura from Neutral to Buy, Nomura said. $740 price target. Company should continue to expand its reach across the globe in the coming quarters. Packaging Corp. (PKG) upgraded at Goldman from Sell to Neutral, Goldman Sachs said. Company is leveraged to higher containerboard prices. Patterson-UTI (PTEN) upgraded at BMO from Underperform to Outperform, BMO Capital said. $20 price target. Consensus earnings expectations have come down to a more reasonable level. Rock-Tenn (RKT) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. Stock was also placed on the Conviction List. $83 price target. Company is leveraged to higher containerboard prices.
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