NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Informatica (INFA) was upgraded at J.P. Morgan to neutral from underperform. $32 price target. Company can post higher license revenue, J.P. Morgan said. Sempra Energy (SRE) was downgraded at ISI Group to neutral from buy. Company faces regulatory risks, ISI said. TCF Financial (TCB) was upgraded to buy at TheStreet Ratings. Veeco Instruments (VECO) was upgraded at Oppenheimer to outperform from perform. $42 price target. Worst appears to be behind the company, Oppenheimer said.
Western Union (WU - Get Report) was downgraded at Citigroup to neutral. Remittance trends have weakened through the first quarter of 2013, and a recovery in the key U.S.-Mexico corridor is lacking, Citi said. Price target is now $15. Yum! Brands (YUM - Get Report) was downgraded at Bank of America/Merrill Lynch to underperform from buy. $60 price target. Estimates also cut, given lower China earnings, BofA/Merrill said. STOCK COMMENTS/EPS CHANGES Apple (AAPL) price target was lowered at FBR Capital Markets to $525. Company lacks near-term catalysts, FBR Capital Markets said. Outperform rating. Ameriprise (AMP) estimates were increased because of the company's first-quarter earnings beat, UBS said. The biggest upside surprise can come from Advice & Wealth Management, UBS said. Caterpillar's price target and estimates were reduced at UBS. Estimates were reduced through 2014 to reflect weakness in the mining business, said UBS. Price target was reduced to $85. Caterpillar estimates and price target were reduced at BMO Capital. Company is seeing lower volumes, BMO Capital said. Outperform rating and new $96 price target.