NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Agco (AG) was upgraded at Piper Jaffray to overweight from neutral. $61 price target. Company has exposure to South America and should benefit from higher demand for grain storage, Piper Jaffray said.
Axcelis Technologies (ACLS) was upgraded to hold at TheStreet Ratings.
Bemis (BMS) was downgraded at Keybanc to hold from buy. Company has limited earnings upside potential, Keybanc said.Boston Scientific (BSX) was downgraded at Citigroup to neutral from buy and given a $9.30 price target. The value of the pipeline is priced in while fundamentals remain sluggish, Citigroup said. (CFX) was downgraded at Deutsche Bank to hold from buy. Valuation call, based on a $54 price target, Deutsche Bank said. Cytec (CYT) was upgraded at Goldman Sachs to buy from sell. $93 price target. Multiple expansion is likely not yet complete, Goldman said. Dana (DAN) was downgraded at Deutsche Bank to hold from buy. Valuation call, based on a $22 price target, Deutsche Bank said. Deere (DE) was downgraded at Piper Jaffray to neutral from overweight. $89 price target. Estimates also cut, because of higher used inventory and lower grain prices, Piper Jaffray said. (FMC) was downgraded at Goldman Sachs to sell from neutral. $58 price target. High soda ash inventory could weigh on prices, Goldman said. 21st Century Fox (FOXA) was initiated with a buy rating at Sterne Agee. $36 price target. Earnings growth should re-accelerate in fiscal 2015, Sterne Agee said. GAIN Capital (GCAP) was upgraded to buy at TheStreet Ratings. Mednax (MD) was initiated with a market perform rating at Wells Fargo. Valuation call, Wells Fargo said. Phillips 66 (PSX) was upgraded at Wells Fargo to outperform from market perform. Coastal refiners should perform better, Wells Fargo said. Qualcomm (QCOM) was removed from the Top Pick List at Citigroup. Lackluster high-end smartphone sales, said Citigroup. Webster Financial (WBS) was downgraded at Sterne Agee to neutral from buy. Stock is up more than 30% year to date and exceeded the previous $25 price target, Sterne Agee said.
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