NEW YORK (TheStreet) -- CHANGE IN RATINGS
Airgas (ARG) was downgraded at Bank of America/Merrill Lynch to underperform from neutral. $94 price target. Organic sales growth is decelerating, BofA/Merrill said.
Research In Motion (BBRY) was downgraded at Goldman Sachs to neutral from buy. $17 price target. Z10 launch was soft at AT&T (T), Goldman said.
Check Point (CHKP) was downgraded at Lazard Capital Markets to neutral from buy. Channel checks suggest increased share losses to Palo Alto Networks (PANW), Lazard Capital Markets said.
CIT Group (CIT)
was downgraded at Compass Point to neutral from buy. Valuation call, Compass Point said.
was upgraded to hold at TheStreet Ratings.
JC Penney (JCP)
was downgraded at BMO Capital Markets to underperform from market perform. $12 price target. Company will continue to post sizable losses, BMO Capital Markets said.
KB Home (KBH)
was upgraded at Williams Financial to hold from sell. $22 price target. Business turnaround appears to be in sight, Williams Financial said.
was cut from the Conviction Buy List at Goldman Sachs. Company lacks near-term catalysts, Goldman said. $63 price target.
Life Technologies (LIFE)
was downgraded at Citigroup to neutral. Recent price movement has been dictated by takeout speculation rather than fundamentals, Citi said. Price target is $67.
was downgraded to hold at Deutsche Bank based on valuation concerns. The price target is still $37, Deutsche Bank said.
was downgraded at Bernstein to market perform from outperform. $33 price target. Company lacks near-term catalysts, Bernstein said.
Packaging Corp. of America (PKG)
was downgraded at Deutsche Bank to hold after cardboard and box prices were increased. Price target is now $46.
was downgraded at Bank of America/Merrill Lynch to underperform. $78 price target. Valuation call, based on a $78 price target, BofA/Merrill said.
was downgraded to hold at Deutsche Bank. Limited upside, Deutsche said. The price target is now $90.
Stone Energy (SGY)
was upgraded to buy at TheStreet Ratings.
was downgraded at J.P. Morgan to neutral from overweight. Valuation call, as the stock has already made a big move in recent months J.P. Morgan said.
Veeco Instruments (VECO)
was upgraded at Canaccord Genuity to buy. $48 price target. Equipment market has finally bottomed, Canaccord Genuity said.