NEW YORK (TheStreet) -- CHANGE IN RATINGS
Franklin Resources (BEN) was downgraded to neutral, Sterne Agee said. Valuation call, based on a $170 price target.
Consol Energy (CNX) was upgraded from equal-weight to overweight at Morgan Stanley. $44 price target. Company is leveraged to higher natural gas and thermal coal prices, Morgan Stanley said.
Exelon (EXC) was downgraded from buy to hold, Wunderlich said. Company will likely see higher costs in the coming quarters.Regeneron (REGN) was upgraded from market perform to outperform at JMP. $290 price target. EYLEA should continue to drive growth and the late-stage cholesterol drug should be another catalyst, JMP Securities said. Seagate (STX) was upgraded from hold to buy at Needham. $45 price target. Company continues to deliver solid cash flow, Needham said.
Allergan (AGN) was upgraded from neutral to buy at Lazard. $115 price target. Selloff appears overdone, Lazard Capital Markets said. Commvault (CVLT) was upgraded from neutral to overweight at Piper. Simpana 10 should drive market share gains, Piper Jaffray said. Hyatt Hotels (H) was cut from outperform to neutral at Credit Suisse. $41 price target. Company is posting disappointing growth, Credit Suisse said. Jack Henry (JKHY) was downgraded to market perform at Wells. Valuation call, as the stock is up 33% over the past year, Wells Fargo said.
Nabors (NBR) was upgraded to hold, Jefferies said. Valuation call, based on a $14 price target. Regal-Beloit (RBC) was upgraded from hold to buy at Keybanc. $75 price target. Pullback has created an attractive entry point, Keybanc said. Superior Energy (SPN) was upgraded from hold to buy at Jefferies. $33 price target. Pricing concerns have eased, Jefferies said.
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