NEW YORK (TheStreet) -- CHANGE IN RATINGS
Albermarle (ALB) was upgraded at Goldman Sachs to buy. Valuation call, as the stock is already pricing in lower near-term growth, Goldman said.
Air Products (APD) was upgraded at Goldman Sachs to buy. Company is leveraged to an eventual economic recovery, Goldman said.
Berry Plastics Group (BERY) was initiated with a buy rating at Citigroup. $18 price target. Classic cash and deleveraging story at the right price, Citi said.Berry Plastics was initiated with an outperform rating at Bank of America/Merrill Lynch. $20 price target. Company can gain market share, as new products drive growth, BofA/Merrill said. Berry Plastics was initiated with an outperform rating at Credit Suisse. $20 price target. Company offers growth at an attractive price, Credit Suisse said. C&J Energy (CJES) was downgraded at JP Morgan to neutral. Expect E&P customers to defer activity and orders into 2013, JP Morgan said. 3D Systems (DDD) was upgraded at Piper Jaffray from neutral to overweight. $55 price target. 3D printing market should continue to experience strong secular growth, Piper Jaffray said. Dow Chemical (DOW) was upgraded at Goldman Sachs to buy. Stock has a solid dividend, and earnings expectations are low, Goldman said. EMC (EMC) was initiated with a hold rating at Craig-Hallum. $28 price target. Company is leveraged to slower potential growth, Craig-Hallum said. Eaton Vance (EV) was upgraded at BofA/Merrill from underperform to neutral. $32 price target. Net flows are improving, given the attraction of the company's tax-managed products, BofA/Merrill said. F5 Networks (FFIV) was upgraded at Goldman Sachs from neutral to buy. $106 price target. Consensus estimates could begin to move higher after the company's analyst meeting this week, Goldman said. Fusion-IO (FIO) was upgraded at Craig-Hallum from sell to buy. New analyst believes the company is a leader that's in the early stages of growth. $32 price target. Lumber Liquidators (LL) was downgraded at Stifel Nicolaus from hold to sell. Stock trades at a premium valuation and recent growth is not likely sustainable, Stifel Nicolaus said.
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