NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Alliant Techsystems (ATK) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. $72 price target. Multiple headwinds have now passed and the company offers a 12% free cash flow yield.
Cisco Systems (CSCO) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $17 price target. Enterprise headwinds are likely to intensify.
Concho Resources (CXO) upgraded at Goldman to Buy, Goldman Sachs said. Permian basin can drive near-term growth. $111 price target.Eagle Materials (EXP) rated new Buy at Goldman. Company also placed on the Conviction List. $65 price target. Better wallboard and cement pricing can drive earnings upside. Fastenal (FAST) upgraded at Baird from Neutral to Outperform, Robert Baird said. $51 price target. Risk/reward is attractive, given expected accelerated earnings growth. FleetCor Technologies (FLT) upgraded at Citigroup to Buy from Neutral, Citigroup said. $56 price target. Another beat and raise. Forest Laboratories (FRX) rated new Buy at Mizuho. $45 price target. New products should help drive future growth. Groupon (GRPN) downgraded at Barrington from Outperform to Market Perform, Barrington said. Poor international growth is weighing on results. Allscripts (MDRX) downgraded at Piper from Neutral to Underweight, Piper Jaffray said. $7 price target. Bookings are accelerating downward and margins are stagnant. 3M (MMM) upgraded at Nomura from Reduce to Neutral, Nomura said. $96 price target. Prioritization strategy can help drive near-term growth. Microsemi (MSCC) downgraded at Needham from Strong Buy to Buy, Needham said. $24 price target. Company reduced its guidance. Bank of the Ozarks (OZRK) upgraded at Sterne Agee from Neutral to Buy, Sterne Agee said. $35 price target. Company can help consolidate the industry and outperform in a weak macro environment. Palo Alto (PANW) rated new Neutral at BofA/Merrill. $65 price target. Company is facing increased competition. Retail Properties of America (RPAI) downgraded at Citigroup to Neutral from Buy, Citigroup said. $13 price target. Trading closer to peers after rally. Tumi Holdings (TUMI) rated new Buy at Citigroup. $26 price target. Operating margin upside potential. WPX Energy (WPX) rated new Hold at Deutsche. $19 price target. Company trades at a discount to its peers, but management needs to execute more consistently.
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