NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Bright Horizons (BFAM) was initiated with a neutral rating at J.P. Morgan. While well-positioned to capture growth opportunities, valuation is fairly reflected in the stock, J.P. Morgan said. Price target is $30.Bright Horizons was initiated with an outperform rating at Credit Suisse. $35 price target. Company can continue to gain market share over the coming quarters, Credit Suisse said. Dean Foods (DF) was upgraded at Credit Suisse. $21 price target. Market is undervaluing the company ahead of the WWAV distribution, Credit Suisse said. Discover (DFS) was upgraded at William Blair to outperform. Company's management team is underappreciated by investors, William Blair said. FedEx (FDX - Get Report) was initiated with an outperform rating at Credit Suisse. $124 price target. Company can generate consistent annual sales growth and expand margins, Credit Suisse said. Greenhill & Co. (GHL) was upgraded to buy at TheStreet Ratings. Harris (HRS) was downgraded at Oppenheimer to underperform from perform. Company will likely struggle to meet its second-half guidance, Oppenheimer said. Home Properties (HME) was upgraded to buy at TheStreet Ratings. J.C. Penney (JCP - Get Report) was downgraded at Citigroup to neutral. The concern is that JCP's return to topline growth will take longer than expected, Citi said. The 2013 EPS estimate was lowered and the new price target is $15. JC Penney was downgraded at Oppenheimer to perform from outperform. Near-term risks could derail a potential recovery, Oppenheimer said. United Parcel Service (UPS - Get Report) was initiated with an outperform rating at Oppenheimer. $95 price target. Company is leveraged to a gradual domestic economic recovery, Oppenheimer said. Zions Bancorporation (ZION) was initiated with an outperform rating at BMO Capital. $30 price target. Company has solid core earnings power, BMO Capital said.