NEW YORK ( TheStreet) -- CHANGE IN RATINGS
ABM Industries (ABM) was upgraded at Keybanc from hold to buy. $25 price target. Expectations appear to have bottomed heading into 2013, Keybanc said.
Aerosonic Corp. (AIM) was upgraded to buy at TheStreet Ratings.
Crane (CR) was initiated with a hold rating at Topeka Capital. $44 price target. Company has limited near-term visibility, Topeka said.Deckers Outdoor (DECK) was initiated with a buy rating at Janney Montgomery. $50 price target. Stock is already pricing in potential near-term weakness, ahead of an eventual turnaround, Janney Montgomery said. IDEX (IEX) was downgraded at Brean Murray from buy to hold. Valuation call, based on a $45 price target, Brean Murray said. Knight Transportation (KNX) was downgraded from buy to neutral at Bank of America/Merrill Lynch. $16 price target. Estimates were also cut, following a bearish proprietary industry survey, BofA/Merrill said. LRR Energy (LRE) was initiated with a hold rating at TheStreet Ratings.
Nike (NKE) was initiated with a neutral rating at JP Morgan. Valuation call, based on a $100 price target, JP Morgan said. OpenTable (OPEN) was initiated with an overweight rating at JP Morgan. $53 price target. Company is a market leader with significant yield potential, JP Morgan said. Prosperity Bancshares (PB) was upgraded at Robert Baird from neutral to outperform. $50 price target. Company is using its stock as currency to make acquisitions, Robert Baird said. Stifel Financial (SF) was downgraded at Wells Fargo from market perform to underperform. Estimates were also cut, as the KBW purchase adds challenges to the company's growth thesis, Wells said. Towers Watson (TW) was upgraded at Robert Baird to outperform. $66 price target. Stock has lagged by 23% over the past year, and valuation is at decade lows, Robert Baird said. Under Armour (UA) was initiated with an underweight rating at JP Morgan. $45 price target. Company faces a difficult growth hurdle, JP Morgan said. Volcano (VOLC) was downgraded at Credit Suisse from outperform to neutral. $32 price target. Estimates were also cut, as the company sold new debt and may make new acquisitions, Credit Suisse said.
Yelp (YELP) was initiated with a neutral rating at JP Morgan. Valuation call, based on a $19 price target, JP Morgan said.
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