NEW YORK ( TheStreet) -- CHANGE IN RATINGS:
ADT (ADT) rated new outperform at William Blair. $57 price target. Company is cutting costs and buying back stock.
American International (AIG) downgraded at Wells from outperform to market perform. Company lacks near-term catalysts.
Bemis (BMS) upgraded at Keybanc from hold to buy. $40 price target. Company can outperform its peers over the coming quarters.Cullen/Frost (CFR) downgraded at JP Morgan to underweight. Industry lacks near-term catalysts. City National (CYN) downgraded at JP Morgan to neutral. Company is leveraged to slower growth in the first half of the year. Con-Way (CNW) upgraded to buy at TheStreet Ratings. EMC (EMC) downgraded at Morgan Stanley to equal-weight. Growth is slowing in the storage market. Gencor Industries (GENC) downgraded to hold at TheStreet Ratings. Hertz (HTZ) downgraded at Morgan Stanley from overweight to underweight. $18 price target. Company is leveraged to lower used car prices. Huntsman (HUN) downgraded at UBS to neutral from buy. $18 price target. Recent price appreciation increases above our valuation. Legg Mason (LM) downgraded at KBW from outperform to market perform. $29 price target. Expect continued outflows from the equity business. MGM Resorts (MGM) downgraded at Nomura from buy to neutral. $13.50 price target. Valuation call, as the stock is up 40% over the past two months. Altria (MO) upgraded at Stifel from hold to buy. $36 price target. Stock is attractive, following a recent pullback. Microsoft (MSFT) downgraded at Morgan Stanley to equal-weight. Windows 8 has been disappointing and the PC market will remain weak. Olin (OLN) rated new hold at Dahlman. Stock is pricing in improving profitability. Penn National (PENN) downgraded at Lazard to neutral. Valuation call, given slower regional gaming trends. Silgan (SLGN) downgraded at Keybanc from buy to hold. Core metal food can business could continue to struggle. St. Jude (STJ) downgraded at BMO to market perform. $40 price target. Company lacks near-term catalysts. Tronox (TROX) downgraded at UBS to neutral from buy. $21 price target. Near term headwinds and recent stock appreciation spur downgrade. Whitewave Foods (WWAV) rated new outperform at Credit Suisse. $19 price target. Company is a market leader and can generate solid growth over the next couple of years.
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