NEW YORK (TheStreet) -- CHANGE IN RATINGS
Adtran (ADTN) downgraded at UBS to Neutral from Buy, UBS said. $17 price target. Near term headwinds, limited visibility.
Aruba Networks (ARUN) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. $23 price target. Company is investing more into its business, which is keeping a lid on margins.
Con-Way (CNW) downgraded at BofA/Merrill to Underperform from Buy, Bank of America/Merrill Lynch said. $37 price target. Estimates also cut, given higher realized costs and a weaker freight market.Mack-Cali Realty (CLI) downgraded to hold at TheStreet Ratings. eBay (EBAY) upgraded at Nomura to Buy, Nomura said. $60 price target. Paypal can continue to drive growth over the coming quarters. Edison (EIX) upgraded at Morgan Stanley to Overweight, Morgan Stanley said. $52.50 price target. Company has multiple potential near-term catalysts. H&E Equipment Services (HEES) downgraded to hold at TheStreet Ratings. MetroPCS (PCS) downgraded at Nomura to Reduce, Nomura said. $10.50 price target. Merger does not fix the company's marketing and branding issues. Polycom (PLCM) downgraded at UBS to Neutral from Buy, UBS said. $10 price target. Uncertainty around transition. SBA Communications (SBAC) upgraded at Citigroup to Buy from Neutral, Citigroup said. $74 price target. Favorable demand data points. Thor Industries (THO) upgraded at Wedbush from Neutral to Outperform, Wedbush said. $46 price target. Dealer feedback suggests higher customer optimism and confidence. Tripadvisor (TRIP) rated new Buy at Needham. $38 price target. Company is facing easier comps and is leveraged to a strengthening global economy.
STOCK COMMENTS / EPS CHANGESEMC (EMC) target raised at Lazard to $30, according to Lazard. New products should continue to drive growth. Buy rating. FEI (FEIC) estimates, target raised at BofA/Merrill. Shares of FEIC now seen reaching $58, according to Bank of America/Merrill Lynch said. Estimates also increased, as the company is realizing higher margins. Buy rating. Hewlett-Packard (HPQ) numbers cut at Sterne Agee. HPQ estimates were reduced through 2014, Sterne Agee said. Company slashed its guidance at the analyst meeting. Buy rating and new $21 price target. Murphy Oil (MUR) target raised at UBS to $62, UBS said. Valuation support from shareholder activism. Neutral rating. Panera Bread (PNRA) numbers increased at Keybanc. PNRA estimates were raised through 2013, Keybanc said. Sales momentum should continue into 2013. Buy rating and new $200 price target.
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