NEW YORK ( TheStreet) -- CHANGE IN RATINGS
AAR (AIR) was upgraded at TheStreet Ratings to buy.
Aruba Networks was downgraded at Wells Fargo to market perform from outperform. Estimates were also cut, given the company's new guidance, Wells Fargo said. Aruba Networks was downgraded at FBN to market perform from outperform. $15 price target. Company is facing increased competition from Cisco, FBN said. Aruba Networks was downgraded at J.P. Morgan to underweight from neutral. Company is seeing slower sales growth, J.P. Morgan said. Aruba Networks was downgraded at Needham to neutral from buy. Company cut guidance and is seeing increased competition from Cisco, Needham said.
Bristol-Myers (BMY - Get Report) was upgraded at Leerink Swann to outperform from market perform. Cancer product pipeline should drive future growth, Leerink Swann said. Deere (DE - Get Report) was downgraded at Goldman Sachs to sell from neutral. Consensus earnings expectations are likely 15% too high, given lower expected agriculture equipment demand, Goldman said. $85 price target. L Brands (LTD) was downgraded at Jefferies to underperform from hold. Sales growth is slowing, which could weigh on margins, Jefferies said. $40 price target. Regeneron (REGN) was initiated with a neutral rating at UBS. All the good news regarding DARPin has been priced in, UBS said. Price target is $290. StarTek (SRT) was downgraded to sell at TheStreet Ratings.
TRW Automotive (TRW) was downgraded at Deutsche Bank to hold from buy. Valuation call, based on a $67 price target, Deutsche said. Williams-Sonoma (WSM - Get Report) was downgraded at Bank of America/Merrill Lynch to neutral from buy. Company lacks near-term catalysts, BofA/Merrill said. $60 price target. STOCK COMMENTS/EPS CHANGES Autodesk (ADSK) price target and estimates were reduced at UBS given macro weakness and lowered guidance. Price target goes to $42.
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