NEW YORK (TheStreet) -- CHANGE IN RATINGS
AES (AES) downgraded at UBS from Buy to Neutral, UBS said. $14 price target. Valuation call, as the stock is up 24% year-to-date.
Boston Scientific (BSX) upgraded at Wells from Market Perform to Outperform, Wells Fargo said. Stock is attractively valued as the pipeline should drive positive sales growth in 2014.
Cablevision (CVC) downgraded at Citi from Buy to Neutral, Citigroup said. $17 price target. Cash flow contraction is eroding value.Forest Laboratories (FRX) rated new Underperform at BMO. $27 price target. Expect another earnings trough in 2015 to 2017. Granite Construction (GVA) upgraded at Goldman from Sell to Neutral, Goldman Sachs said. $28 price target. No longer see downside to earnings expectations. Limited Brands (LTD) downgraded at BMO from Buy to Neutral, BMO Capital said. Buy-side earnings expectations may prove to be optimistic. Micron (MU) downgraded at JMP from Outperform to Market Perform, JMP Securities said. Valuation call, as the stock is already factoring in higher memory pricing.
Rent-A-Center (RCII) downgraded at Canaccord from Buy to Hold, Canaccord Genuity said. Core RTO business remains weak. $37 price target. American Realty Capital Properties (ARCP) was upgraded to hold at TheStreet Ratings. Tesla Motors (TSLA) was upgraded to buy at TheStreet Ratings.
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