NEW YORK ( TheStreet) -- CHANGE IN RATINGS:
Abercrombie & Fitch (ANF) was upgraded at BMO Capital to outperform. $61 price target. Company's domestic outlook is improving, BMO Capital said.
Caterpillar (CAT) was upgraded at BMO Capital from market perform to outperform. $130 price target. Worst news appears to be behind the company, BMO said.
Equinix (EQIX) was downgraded at Citigroup to neutral from buy. $240 price target. Risk reward scenario has become more balanced, Citi said.Fifth Third (FITB) was upgraded at Wells Fargo from market perform to outperform. Company should see improving returns and deliver greater capital flexibility, Wells said. Fortinet (FTNT) was downgraded at Wunderlich from buy to hold. $22 price target. Company will likely face increased competition in the coming quarters, Wunderlich said. Interxion Holding (INXN) was downgraded at Citigroup to neutral from buy. $25 price target. Challenging business environment in Europe may restrain revenue growth prospects, Citi said. KB Home (KBH) was upgraded at Compass Point to buy. $20.50 price target. Company has addressed its liquidity concerns, Compass Point said. Lennar (LEN) was upgraded at Compass Point from neutral to buy. Valuation call, based on a $49.50 price target, Compass Point said. MGM Resorts (MGM) was downgraded at Deutsche Bank from buy to hold. Valuation call, based on a $13 price target, Deutsche Bank said. Norwegian Cruise (NCLH) was initiated with a buy rating at Stifel Nicolaus. $33 price target. Cruise industry should see multiple years of yield expansion, Stifel Nicolaus said. NCR (NCR) was downgraded at Compass Point from buy to neutral. $30 price target. Valuation call, as the stock has made a strong run since October, Compass Point said. Pandora (P) was downgraded at Wedbush from outperform to neutral. $11.50 price target. Company may see higher competition on royalty rates, Wedbush said. PNC Financial (PNC) was downgraded at Wells Fargo from outperform to market perform. Valuation call, Wells said. Standard Pacific (SPF) was upgraded at Compass Point from neutral to buy. $10.25 price target. Company is leveraged to key housing markets that are rebounding, Compass Point said.
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