NEW YORK (TheStreet) -- CHANGE IN RATINGS:
Autodesk (ADSK) upgraded at Goldman from Sell to Buy, Goldman Sachs said. Company was also placed on the Conviction Buy list. $45 price target. Company is leveraged to an improving commercial construction market.
Alliant Techsystems (ATK) downgraded at FBR from Outperform to Market Perform, FBR Capital Markets said. Valuation call.
Banner (BANR) downgraded at DA Davidson from Buy to Neutral, DA Davidson said. Valuation call, based on a $35 price target.Briggs & Stratton (BGG) upgraded to buy at TheStreet Ratings. CBOE (CBOE) upgraded to buy at TheStreet Ratings. CF Industries (CF) upgraded at Dahlman from Hold to Buy, Dahlman Rose said. Industry should see positive newsflow heading into the Spring Application season. Cypress Semiconductor (CY) downgraded at Wunderlich from Buy to Hold, Wunderlich said. $10 price target. Company lacks near-term catalysts. eBay (EBAY) upgraded at Bernstein from Market Perform to Outperform, Bernstein said. $65 price target. Estimates also boosted, as new initiatives will drive growth. Flextronics (FLEX) downgraded at UBS to Neutral from Buy, UBS said. $7 price target. Execution challenges persist. Goldman Sachs (GS) downgraded at Deutsche from Buy to Hold, Deutsche Bank said. Valuation call, as the stock is up 50% since August. Goldman Sachs downgraded at Citigroup to Neutral from Buy, Citigroup said. $150 price target. Valuation call. Janus (JNS) downgraded at Credit Suisse from Neutral to Underperform, Credit Suisse said. $8 price target. Company will likely see lower asset inflows. Janus Capital Group downgraded at Citigroup to Sell from Neutral, Citigroup said. $7.75 price target. Structural and valuation issues. JP Morgan (JPM) upgraded at Deutsche from Hold to Buy, Deutsche Bank said. $53 price target. Company is leveraged to a rebound in consumer loan growth and trades at a discount to its peers. KLA-Tencor (KLAC) upgraded at Deutsche from Sell to Hold, Deutsche Bank said. $56 price target. Company has a strong balance sheet and dominant market position. Medtronic (MDT) downgraded at Wunderlich from Buy to Hold, Wunderlich said. Valuation call, as the stock is up 13% year-to-date. Noble Corp (NE) downgraded at Jefferies to Hold from Buy, Jefferies said. $41 price target. 2013 guidance is poor.
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