NEW YORK (TheStreet) -- CHANGE IN RATINGS:
Adtran (ADTN) downgraded at UBS to sell from neutral, UBS said. $17 price target. Visibility remains limited.
Alkermes (ALKS) rated new neutral at Credit Suisse. Valuation call, based on a $24 price target.
CBS (CBS) upgraded at Wedbush from neutral to outperform, Wedbush said. $50 price target. Company is attractive on a sum-of-the-parts basis.Columbia Sportswear (COLM) downgraded at BofA/Merrill from buy to underperform, Bank of America/Merrill Lynch said. Estimates also cut, given the company's new guidance. $45 price target. Cree (CREE) downgraded at Jefferies to underperform from buy, Jefferies said. $28 price target. Overly optimistic LED demand trends. Cisco Systems (CSCO) downgraded at JP Morgan from neutral to underweight, JP Morgan said. $18 price target. Company is exposed to sluggish enterprise spending. Donaldson (DCI) upgraded at BofA/Merrill from neutral to buy, Bank of America/Merrill Lynch said. $41 price target. Estimates also boosted, as the company is realizing higher margins. EQT (EQT) downgraded at Stifel from buy to hold, Stifel Nicolaus said. Valuation call, as the stock reached the previous $67 price target. FedEx (FDX) target raised at Citigroup to $114, Citigroup said. Improving international volumes and cost plan. Buy rating. Informatica (INFA) downgraded at Wedbush from outperform to neutral, Wedbush said. Company may disappoint with 2013 guidance. Itron (ITRI) downgraded at Jefferies to hold from buy, Jefferies said. $43 price target. High 1H13 consensus. Medtronic (MDT) upgraded at Credit Suisse from neutral to outperform Credit Suisse said. $50 price target. Company can grow faster than consensus expectations over the coming quarters. Mead Johnson (MJN) downgraded at JP Morgan from overweight to neutral, JP Morgan said. Valuation call. Qlik Technologies (QLIK) downgraded at Stifel from buy to hold, Stifel Nicolaus said. Company faces a transition year in 2013. Waters (WAT) downgraded at Wells from outperform to market perform, Wells Fargo said. Valuation call. Williams-Sonoma (WSM) downgraded at Goldman from buy to neutral, Goldman Sachs said. Margins have likely peaked. $51 price target.
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