NEW YORK (
CHANGE IN RATINGS
was downgraded to sell at TheStreet Ratings.
was downgraded to hold at TheStreet Ratings.
(CIT - Get Report)
was upgraded at Drexel Hamilton to buy from hold. Price target is $52. The termination of the agreement with the
bank of New York frees up $2 billion in excess capital to return to shareholders, Drexel Hamilton said.
(CVX - Get Report)
was downgraded at Jefferies to hold from buy. Valuation call, based on a $135 price target, Jefferies said.
(HOS - Get Report)
was upgraded at J.P. Morgan to overweight. $66 price target. Market is still not factoring in the company's ability to grow earnings and free cash flow, J.P. Morgan said.
Heartland Payment Systems
was upgraded at Piper Jaffray to overweight from neutral. Price target is $42. Further operating margin expansion as well as improving food service spending should increase EPS growth, Piper Jaffray said.
(IHS - Get Report)
was initiated with a hold rating at Deutsche Bank. Valuation call, based on a $110 price target, Deutsche said.
was downgraded at Jefferies to hold from buy. INFN now trades at a reasonable premium compared to its sector, Jefferies said.
was downgraded at Compass Point to neutral from buy. $45 price target. Organic growth improvement has not materialized, Compass Point said.
was downgraded at DA Davidson to neutral. $34 price target. Company posted lower earnings, but the
deal will likely go through, DA Davidson said.
was initiated with a buy rating and $21 price target at Bank of America. The company has significant growth potential by being the key player in the low-cost, high-performance networking gear market, Bank of America said.
STOCK COMMENTS/EPS CHANGES
estimates, price target raised at Goldman Sachs. Shares are now seen reaching $63. Estimates were also increased, given stronger realized sales, Goldman said. Neutral rating.
price target was raised at J.P. Morgan. Focus on gross-margin growth led to a price target increase to $55/share, J.P. Morgan said. EBIT dollar and margin expansion are projected over the next year, J.P. Morgan also said.