NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Bed Bath & Beyond (BBBY) was upgraded at Oppenheimer to outperform. $92 price target. Stage has been set for better earnings growth, Oppenheimer said.
CIT Group (CIT) was upgraded to hold at TheStreet Ratings.
Crox (CROX) was downgraded at Goldman Sachs to neutral from buy. $14 price target. Company is not executing well and lacks near-term catalysts, Goldman Sachs said.Equinix (EQIX) was upgraded at Citigroup to buy from neutral and given a $225 price target. Sales productivity, REIT conversion and valuation drive the upgrade, Citi said. Facebook (FB) was upgraded to neutral from sell at BTIG Research. Future expectations have been increased, following the beat this quarter, BTIG Research said. Facebook was upgraded at JMP Securities to outperform from market perform. $38 price target. Company is becoming a "must buy" for advertisers, JMP Securities. (FFIV) was upgraded at Northland Securities to outperform. $98 price target. Company is seeing higher domestic sales, Northland said. Fifth Third (FITB) was downgraded at Wells Fargo to market perform from outperform. Company will likely face headwinds from weaker refinancing activity, Wells Fargo said. Hawaiian Holdings (HA) was upgraded to buy at TheStreet Ratings. Qualcomm (QCOM) was downgraded at Citigroup to neutral from buy and given a $70 price target. The smartphone market remains weak and there is increasing chip competition, Citi said. (RKT) was downgraded at Deutsche Bank to hold from buy. Valuation call, based on a $120 price target, Deutsche Bank said.
Stock Comments / EPS ChangesAkamai (AKAM) estimates, price target were raised at Credit Suisse. Shares are now seen reaching $35. Estimates were also increased, as sales continue to exceed expectations, Credit Suisse said. Underperform rating. Ameriprise (AMP) numbers were raised at UBS. Earnings estimates were raised as A&WM margins continue to expand. Price target goes to $101. Ameriprise estimates, price target were increased at Sterne Agee. Estimates were boosted through 2015. A&WM growth has been impressive, Sterne Agee said. Neutral rating and new $94 price target. Arrow Electronics (ARW) numbers were raised at Citigroup. Earnings estimates were raised on operating margin expansion and a book-to-bill ratio greater than 1. Price target goes to $53.
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