NEW YORK (TheStreet) -- CHANGE IN RATINGS
Alliance Data (ADS) upgraded at Wells to Outperform, Wells Fargo said. Company has good earnings visibility and momentum.
Capital Bank (CBF) rated new Neutral at Credit Suisse. $21 price target. Company will likely need to find more acquisitions to continue growing.
Clearwire (CLWR) downgraded at DA Davidson from Buy to Neutral, DA Davidson said. Valuation call, based on a $3 price target.Expeditors (EXPD) rated new Buy at Sterne Agee. $53 price target. Slowdown in the Asia/US trade may be turning. Fossil (FOSL) upgraded at Citigroup to Buy from Neutral, Citigroup said. $100 price target. Watch performance readthroughs strong. Genuine Parts (GPC) rated new Equal-weight at Morgan Stanley. Company will likely grow slower than its peers over the next several quarters. Halliburton (HAL) rated new Outperform at Credit Suisse. $44 price target. Company is leveraged to higher industry activity and pricing. Kroger (KR) upgraded at Jefferies to Buy from Hold, Jefferies said. $30 price target. Focused on improving ROIC. Buy rating. Key Technology (KTEC) downgraded to sell at TheStreet Ratings. Limited Brands (LTD) downgraded to hold at TheStreet Ratings. Lorillard (LO) upgraded at Wells from Market Perform to Outperform, Wells Fargo said. Stock is attractive, following the recent pullback. Menthol market is likely not as bad as feared. The Medicines Company (MDCO) upgraded at Jefferies to Buy from Hold, Jefferies said. $34 price target. Attractive risk reward. Marsh & McLennan (MMC) rated new Neutral at MKM. Valuation call, based on a $34 price target. Riverbed Technology (RVBD) downgraded at Citigroup to Neutral from Buy, Citigroup said. $23 price target. Valuation call. Sprint Nextel (S) upgraded at Bernstein to Market Perform from Underperform, Bernstein said. $6 price target. Softbank investment improves the company's finances. Sprint Nextel downgraded at Hudson Square to Hold from Buy, Hudson Square said. Valuation call, as the Softbank deal dilutes future earnings. Sprint Nextel upgraded at Baird to Neutral from Underperform, Robert Baird said. $6 price target. Despite Softbank investment, the company still faces competitive and structural challenges. Schlumberger (SLB) rated new Neutral at Credit Suisse. Valuation call, based on a $66 price target.
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