NEW YORK ( TheStreet) -- CHANGE IN RATINGS
athenahealth was initiated with a neutral rating at Sterne Agee. $84 price target. Valuation is fair, Sterne Agee said.
Audience (ADNC) was initiated with a hold rating at TheStreet Ratings.
Biogen Idec (BIIB - Get Report) was downgraded at Citigroup to neutral from buy. Price target is $236. There is risk that regulatory data protection for the company's flagship MS drug, Tecfidera, is limiting valuation, Citi said.Bob Evans Farms (NOK) was initiated with an overweight rating and $57 price target at Oppenheimer. Both the restaurant and grocery businesses are emerging from transformational initiatives, improving performance, Oppenheimer said. Calumet Specialty Products (CLMT - Get Report) was initiated with an outperform rating and $40 price target at Credit Suisse. Geographical and product diversity should provide solid distribution growth, Credit Suisse said. Gulfport Energy (GPOR - Get Report) coverage was reinstated at Credit Suisse with an outperform rating and $72 price target. Additional Utica inventory and a quicker than anticipated ramp to a seven-rig program will drive upside, Credit Suisse said.
Allscripts Healthcare Solutions (MDRX) was initiated with a buy rating at Sterne Agee. $17 price target. In the third inning of a long-term turnaround, Sterne Agee said. Lakes Entertainment (LACO) was downgraded to hold at TheStreet Ratings. Ocean Rig (ORIG - Get Report) was downgraded at Credit Suisse to neutral from outperform. Upside is limited given the stock's recent run, even as management returns cash to shareholders, Credit Suisse said. Price target is $19. PAREXEL (PRXL) was initiated with a neutral rating at Sterne Agee. $44 price target. Successfully climbed PIII CRO market share ladder, Sterne Agee said.
Boston Beer (SAM) was upgraded at Goldman Sachs to neutral from sell. $162 target price. Near-term volume upside potential, Goldman said. Texas Roadhouse (TXRH) was initiated with a buy rating at Bank of America/Merrill Lynch. $28 price target. Well-established brand with attractive valuation, BofA/Merrill said.