NEW YORK ( TheStreet) -- CHANGE IN RATINGSADT (ADT - Get Report) was downgraded at Morgan Stanley to underweight from equal-weight. $48 price target. Valuation call, Morgan Stanley said.
Cigna (CI) was downgraded at Citigroup to neutral. With the stock at an all-time high, the valuation is full, Citi said. New price target is $65. Charles River Laboratories (CRL) was downgraded at Citigroup to sell from neutral/high risk. Given unfavorable market pressures, the sequestration and valuation, CRL is overvalued, Citi said. Price target goes to $37. CARBO (CRR) was initiated with a neutral rating at Goldman Sachs. The company benefits from an inflecting NAM land cycle and E&P focus on cost controls, but risks remain, Goldman said. Price target is $110. Eaton (ETN) was initiated with an equal-weight rating at Morgan Stanley. $70 price target. Strong recent performance and bullish consensus, Morgan Stanley said. Eaton Vance (EV - Get Report) was downgraded at Bank of America/Merrill Lynch to neutral from outperform. The stock is trading at a 15% premium to peers, leaving little upside. Price target remains $42.
Key Energy (KEG - Get Report) was upgraded at FBR Capital Markets to outperform from market perform. $10 price target. U.S. land market is tightening, FBR Capital Markets said. Bank of the Ozarks was downgraded at Wunderlich to hold from buy. Valuation call, as the stock is up about 50% since July, Wunderlich said. $43 price target.