NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Centurylink (CTL) was downgraded at Piper Jaffray from overweight to neutral. $42 price target. RLEC's are facing increased competition and could be less attractive with higher dividend tax rates, Piper Jaffray said.
Dycom Industries (DY) was upgraded to buy at TheStreet Ratings.Ensco (ESV) was downgraded at Deutsche Bank from buy to hold. $58 price target. Capacity is growing in the offshore market, Deutsche Bank said. Five Below (FIVE) was initiated with a buy rating at Guggenheim. $37 price target. Company can expand margins and deliver 30% annual earnings growth over the next few years, Guggenheim said. Fortinet (FTNT - Get Report) was upgraded at Oppenheimer to outperform from perform. $24 price target. Solid trends and market leadership, Oppenheimer said. Nabors (NBR) was upgraded at Deutsche Bank from hold to buy. $28 price target. Company has attractive natural gas exposure, Deutsche said. Patterson-UTI (PTEN) was upgraded at Deutsche Bank from hold to buy. $28 price target. Company is leveraged to improving natural gas fundamentals, Deutsche said. Ralcorp Holdings (RAH) was downgraded at UBS to neutral from buy. $90 price target. Company to be acquired by ConAgra, UBS said. Rowan (RDC) was downgraded at Deutsche Bank from buy to hold. $32 price target. Industry could see margin compression, Deutsche said. Shanda Interactive (GAME) was upgraded to hold by TheStreet Ratings. Sherwin-Williams (SHW - Get Report) was downgraded at Nomura from buy to neutral. Valuation call, based on a $170 price target, Nomura said. Vornado Realty Trust (VNO - Get Report) was upgraded at Citigroup to buy from neutral. $85 price target. Story poised to improve and valuation overly discounted, Citi said. Workday (WDAY) was initiated with a neutral rating at Piper Jaffray. Valuation call, based on a $49 price target, Piper Jaffray said. Windstream (WIN) was downgraded at Piper Jaffray from neutral to underweight. $6.50 price target. Company lowered guidance, and the dividend remains at risk, Piper Jaffray said.