NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Casey's (CASY) was initiated with a neutral rating at Goldman Sachs. Valuation call, based on a $62 price target, Goldman said.
Cirrus Logic (CRUS) was downgraded at Needham to buy from strong buy. $30 price target. Company overbuilt and overspent, relative to current demand levels, Needham said.
Dish Network (DISH) was initiated with a hold rating at Stifel Nicolaus. Valuation call, Stifel Nicolaus said.DirecTV (DTV) was initiated with a buy rating at Stifel Nicolaus. $65 price target. Latin America can drive growth and company is buying back stock, Stifel Nicolaus said. Intel (INTC) was upgraded at Drexel Hamilton to buy from hold. $24 price target. Company has time to make changes in the mobile business, Drexel Hamilton said. ITC (ITC) was downgraded at Deutsche Bank to hold from buy. $93 price target. Valuation call, as utility stocks have outperformed the market year to date, Deutsche Bank said.
NCR (NCR) was upgraded at Compass Point to buy from neutral. $33 price target. Financial category remains healthy, Compass Point said. Northeast Utilities (NU) was upgraded at UBS to buy from neutral. The move comes on the potential revision to Connecticut's Renewable Standards, UBS said. Price target is $48. Pepco (POM) was downgraded at Credit Suisse to underperform from neutral. $21 price target. Stock is already pricing in expected ROE improvement, Credit Suisse said. Scripps Networks (SNI) was initiated with a market perform rating at Bernstein. $71 price target. Company still has high programming costs and lacks an international presence, Bernstein said. Wesco Aircraft (WAIR) was initiated with a sell rating at UBS. The company's significant defense exposure and downward margin trend make current consensus estimates seem too high, UBS said. Price target is $13.
Stock Comments / EPS Changes Axiall (AXLL) was added to the Top Picks Live! list at Citigroup following the recent 15% pullback in the stock. The company's shale supremacy remains intact, and its free cash flow yield remains the highest in the group, Citigroup said.
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