NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Western Digital (WDC) was downgraded from buy to hold at Craig-Hallum. Valuation call, based on a $54 price target, Craig-Hallum said.
Waste Management (WM) was upgraded from hold to buy at Wunderlich. $43 price target. Company is seeing solid price leverage and can grow cash flow, Wunderlich said.McGraw-Hill (MHP) was downgraded from buy to hold at Jefferies. Valuation call, as the stock has reached the previous $51 price target, Jefferies said. Intuit (INTU - Get Report) shares were downgraded to Neutral at Citi. Earnings growth is now expected to settle in the 10-15% range (vs. 15-20% historically), said Citigroup. Price target is $59.
Intuit was downgraded from overweight to neutral at JP Morgan said. $60 price target. Consumer tax business is slowing. Asbury Automotive (ABG) was upgraded from hold to buy at Craig-Hallum. $42 price target. Company is realizing higher margins Craig-Hallum said. Akamai (AKAM) was upgraded to overweight at JP Morgan. Media business is accelerating, JP Morgan said. Ashland (ASH) was downgraded from buy to hold at Keybanc. Stock is up 20% in recent weeks, but core growth could be slowing, Keybanc said. Cullen/Frost CoName (CFR) was downgraded from market perform to underperform at FBR. 56 price target. Loan growth is slowing, along with NIM compression, FBR Capital Markets said. Everbank (EVER) was upgraded from neutal to buy at Sterne Agee. $17 price target. Stock has pulled back to an attractive level, Sterne Agee said. RockTenn (RKT) was downgraded from buy to neutral at DA Davidson. Valuation call, as the company lacks near-term catalysts, DA Davidson said. T. Rowe Price (TROW) was downgraded from outperform to market perform at Wells. Company is seeing lower asset inflows, Wells Fargo said. Zoetis (ZTS) was upgraded from underperform to market perform at BMO. Valuation call, based on a $30 price target, BMO Capital said.
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