NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Cubist Pharmaceuticals (CBST) was upgraded at Cantor Fitzgerald to hold from sell. Valuation call, based on a $49 price target, Cantor said.
Carnival (CCL) was downgraded at UBS to neutral from buy. The worst is not behind the company as bookings have gotten worse, UBS said. Price target goes to $36.
First Republic (FRC) was downgraded at Jefferies to hold. $40 price target. Estimates also cut, given slower deposit growth, Jefferies said. Oil States (OIS) was downgraded at Stifel Nicolaus to neutral. Valuation call, based on a $99 price target, Stifel said. Raymond James (RJF) was downgraded at Wells Fargo to market perform from outperform. Stock has rallied, even though the company missed quarterly expectations, Wells Fargo said. Roberts Realty (RPI) was upgraded to hold at TheStreet Ratings. Stifel Financial (SF) was upgraded at Wells Fargo to market perform from underperform. Volumes should improve, Wells Fargo said.
Taylor Morrison (TMHC - Get Report) was initiated with an outperform rating at FBR Capital Markets. $31 price target. Company can deliver above-average order growth and margin expansion, FBR said. Taylor Morrison was initiated with a hold rating at Deutsche Bank. Valuation call, based on a $26 price target, Deutsche said. UIL (UIL) was upgraded to outperform from neutral at Robert Baird. $45 price target. Regulated business should continue to deliver attractive growth, Baird said. VF Corp. (VFC - Get Report) was downgraded at Wells Fargo to market perform from outperform. Valuation call, as the stock is up 23% year to date, Wells Fargo said. Wellcare (WCG) was downgraded at Goldman Sachs to neutral from buy. Valuation call, as the stock is up 178% in the past three years, Goldman said. STOCK COMMENTS/EPS CHANGES Carnival estimates, price target were cut at Credit Suisse. Shares are now seen reaching $32. Estimates were also reduced, given the company's new guidance. Neutral rating.
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