NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Barrick Gold (ABX) was downgraded at BMO Capital Markets to underperform from market perform. $17 price target. Pascua Lama delayed and potential impairments ahead, BMO Capital Markets said.
Autoliv (ALV) was downgraded at J.P. Morgan to neutral from overweight. $88 price target. After deserved multiple expansion, slower-than-average earnings growth expected through 2015, J.P. Morgan said.(AAWW - Get Report) was downgraded at FBR Capital Markets to market perform from outperform. $46 price target. Company will face continued headwinds in the commercial charter and core ACMI segments, FBR Capital Markets said. BlackBerry (BBRY - Get Report) was downgraded at Needham to underperform from hold. BlackBerry 10 product family may not be able to save the day. BlackBerry was downgraded at Morgan Stanley to equal weight from overweight. Weak BB10 traction, said Morgan Stanley. Price target is $11. BlackBerry was downgraded at Hudson Square to sell from hold. $8 price target. BB10 sales will likely continue to fall short of expectations, Hudson Square said. (BRCM) was downgraded at Lazard Capital Markets to neutral from buy. Lack of near-term catalysts, Lazard Capital Markets said. Expeditors (EXPD - Get Report) was upgraded at FBR Capital Markets to outperform from market perform. Stock was also added to the Top Picks list, given better ocean freight forwarding fundamentals, FBR Capital Markets said. F5 Networks (FFIV - Get Report) was upgraded at Needham to buy from hold. $85 price target. Company is a premier networking name and appears oversold at current levels, Needham said. International Flavors & Fragrances (IFF) was upgraded at KeyBanc to buy given sales momentum, emerging-market and defensive exposures, KeyBanc said. Price target is $94. 3M (MMM) was downgraded at Morgan Stanley to equal weight from overweight. Limited multiple expansion opportunity, said Morgan Stanley. Price target is $112. Marvell Technology (MRVL) was upgraded at Lazard Capital Markets to buy from neutral. $15 price target. Untapped potential in mobile, Lazard Capital Markets said.
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