NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Axiall Corporation (AXLL) was upgraded to buy at Citigroup. The PVC chain margin impact is likely higher than previously forecasted, said Citigroup. Earnings estimates were increased and the new price target is $69.
Cadence Design Systems (CDNS) was downgraded at D.A. Davidson to neutral. The announced acquisition of Tensilica has a steep price tag and will drain the company's net cash position, D.A. Davidson said.
Citizens Inc. (CIA) was downgraded to hold at TheStreet Ratings.Dick's Sporting Goods (DKS - Get Report) was upgraded at BMO Capital Markets to outperform from market perform. $57 price target. Attractive entry point after correction, BMO Capital said. First Solar (FSLR - Get Report) was upgraded at DNB Markets to hold from sell. $27 price target. Consensus expectations have pulled back, DNB Markets said. General Electric (GE - Get Report) was downgraded at Nomura to neutral from buy. Valuation call, based on a $24 price target. InterOil Corp. (IOC) was upgraded to hold at TheStreet Ratings. Mosaic (MOS - Get Report) was upgraded at BMO Capital Markets to outperform from market perform. $72 price target. Investors focused on future Phosphate outlook and buybacks, BMO Capital Markets said. Sherwin Williams (SHW - Get Report) was upgraded at Credit Suisse to neutral. Fundamentals are expected to continue the positive trend and trump valuation, Credit Suisse said. Price target was increased to $175.