NEW YORK (TheStreet) -- CHANGE IN RATINGS
Adtran (ADTN) was downgraded at Citigroup to sell from neutral. $12.50 price target. Challenges in its mainstay wireline access franchise, Citi said.
America Movil (AMX) downgraded to hold at TheStreet Ratings.
Biostar Pharmaceuticals (BSPM) downgraded to sell at TheStreet Ratings.Bob Evans (BOBE) was downgraded at Keybanc from buy to hold. $45 price target. Management is taking multiple steps to improve shareholder value, Keybanc said. Cummins (CMI) was initiated with an outperform rating at Robert Baird. $119 price target. Truck orders should pick up in 2013, and new orders should help drive growth, Baird said. Cabot Oil & Gas (COG) was initiated with a neutral rating at UBS. $50 price target. Marcellus constraints won't be fixed until mid 2013, UBS said. Concho (CXO) was initiated with a buy rating at UBS. $93 price target. Asset oiliness and well productivity are underappreciated, UBS said. Darden Restaurants (DRI) was downgraded at Jefferies to hold from buy. $47 price target. Finding it tougher to turn SSS trends, Jefferies said. Chart Industries (GTLS) was initiated with a hold rating at Stifel Nicolaus. Company lacks near-term catalysts, Stifel Nicolaus said. Kodiak Oil and Gas (KOG) was initiated with a buy rating at UBS. $12 price target. Expect higher capital efficiency in 2013 and upside to consensus production, UBS said. Liberty Media (LMCA) was downgraded at Wunderlich from buy to hold. $110 price target. Company lost DIS studio content to NFLX, Wunderlich said. Limited (LTD) was initiated with a market perform rating at FBR Capital Markets. $50 price target. Sales momentum has been decelerating at Victoria's Secret, FBR said. NVIDIA (NVDA) was downgraded at Oppenheimer to perform from outperform. Hard to ignore PC outlook, Oppenheimer said. VeriFone (PAY) was upgraded at UBS to buy from neutral. $39 price target. Risk/reward tilts favorably, UBS said. PNC Financial (PNC) was upgraded at Compass Point from neutral to buy. $63 price target. Stock is already pricing in lower net interest income, Compass Point said. Portland General (POR) was initiated with a hold rating at Keybanc. Company is spending a lot and faces near-term rate decisions, Keybanc said. Bankrate (RATE) was initiated with a buy rating at Needham. $15 price target. Company is a high-quality operator with high barriers to entry, Needham said.
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