NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Bank of New York Mellon (BK) was upgraded to buy from neutral at Citigroup. Price target is $34. The benefit of rising rates on BK's earnings has not been priced into the stock, Citi said. Bazaarvoice (BV) was upgraded to hold at TheStreet Ratings.
Catamaran (CTRS) was upgraded at ISI Group to strong buy from buy. $62 price target. Stock is attractive, following a recent pullback, ISI said.
Deckers Outdoor (DECK) was upgraded at Piper Jaffray to overweight from neutral. Price target increased to $68. Improving UGG orders and margin expansion should drive EPS growth, Piper Jaffray said.DSW was downgraded at Sterne Agee to neutral from buy. Shares are trading at the price target of $80 and at historically high multiples, Sterne Agee said. Downgraded on valuation. (GCO) was downgraded at Sterne Agee to neutral from buy. Currently trading above the price target of $74. All seeable catalysts are priced into the stock, and several near-term sales issues persist, Sterne Agee said. Harley Davidson (HOG) was downgraded at Wedbush to neutral from outperform. Wet weather as well as an increase in competition has negatively affected U.S. sales, Wedbush said. Price target decreased to $58. Hubbell (HUB.B) was downgraded at DA Davidson to neutral from buy. Valuation call, based on a $110 price target, DA Davidson said. Invacare (IVC) was upgraded to hold at TheStreet Ratings. (IDXX) was upgraded at Stifel Nicolaus to buy from hold. $110 price target. Company is facing tough comps, but new products should drive growth in 2014 and beyond, Stifel Nicolaus said. Linear (LLTC) was downgraded at Credit Suisse to neutral from outperform. Valuation call, based on a $40 price target, Credit Suisse said. Grand Canyon (LOPE) was downgraded at Piper Jaffray to neutral from overweight. Valuation call, based on a $35 price target. Newmont Mining (NEM) was downgraded at BMO Capital to market perform from outperform. $35 price target. Company will be hurt by lower gold prices, BMO Capital said. Patterson (PDCO) was upgraded at ISI Group to neutral from cautious. $39.50 price target. NVS acquisition should add to earnings and the company is buying back stock, ISI said.
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