NEW YORK (TheStreet) -- CHANGE IN RATINGS
Atwood Oceanics (ATW) was upgraded at Goldman Sachs to buy from neutral. $68 price target. Earnings growth appears on the verge of acceleration, Goldman said.
Boise Cascade (BCC) was upgraded at DA Davidson to neutral from underperform. Valuation call, based on a $30 price target, DA Davidson said.
Diamond Offshore (DO) was upgraded at Goldman Sachs to neutral from sell. $85 price target. Company can post 49% earnings growth in 2014 and the stock yields 4.8%, Goldman said.Devon Energy (DVN) was downgraded at J.P. Morgan to neutral from overweight. $62.50 price target. Strategic decisions will likely do little to increase shareholder value, J.P. Morgan said. Factset (FDS) was upgraded at Piper Jaffray to overweight from neutral. $121 price target. Financial markets and the competitive landscape are improving, Piper Jaffray said.
Flextronics (FLEX) was downgraded at Deutsche Bank to hold from buy. Valuation call, based on an $8 price target, Deutsche Bank said. Starwood (HOT) was upgraded at Bank of America/Merrill Lynch to buy. $84 price target. Company is the best positioned in the U.S. market and comps are easing in China, BofA/Merrill said. Starwood was upgraded at Morgan Stanley to overweight. $79 price target. Industry RevPAR growth should accelerate in the second half of the year, Morgan Stanley said. Hewlett-Packard (HP) was upgraded at Jefferies to hold. $24 price target. Company is executing well and keeping a tight lid on costs, Jefferies said.
KT (KT) was downgraded to sell at TheStreet Ratings. Patterson-UTI (PTEN) was downgraded at Goldman Sachs to sell from neutral. Valuation call, as the stock is up 20% year to date, Goldman said. $24 price target. Republic Services (RSG) was upgraded at Keybanc to buy from hold. $41 price target. Industry tone has meaningfully improved over the last several quarters, Keybanc said. Sanmina (SANM) was downgraded at Deutsche Bank to sell from hold. Valuation call, as the stock is up 26% year to date, Deutsche Bank said. $11 price target. Seagate (STX) was upgraded at Deutsche Bank to buy from hold. $46 price target. Expect better unit growth and sales mix, Deutsche Bank said. Stifel Financial (SF) was upgraded to buy at TheStreet Ratings.
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