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CHANGE IN RATINGSAllstate(ALL - Get Report) was downgraded at Deutsche Bank to hold from buy. Valuation call, based on a $57 price target, Deutsche said.
Ameriprise(AMP) was downgraded at Citigroup to neutral from buy. Valuation call, based on a $97 price target, Citi said.
Barrick Gold(ABX) was downgraded to sell at TheStreet Ratings.
Broadcom(BRCM) was upgraded at Drexel Hamilton to buy from hold. $38 price target. Broadband and multimedia businesses should drive growth, Drexel Hamilton said.
CBOE(CBOE - Get Report) was downgraded at Goldman Sachs to neutral from buy. Valuation call, based on a $49 price target, Goldman said.
Concur(CNQR) was cut from the U.S. Focus List at Credit Suisse. Valuation call, based on a $118 price target, Credit Suisse said.
Discovery(DISCA) was upgraded at Pivotal Research to hold from sell. $82 price target. Stock has pulled back to a more realistic valuation, Pivotal said.
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Dow Chemical(DOW) was upgraded at Argus to buy from hold. $47 price target. Company will likely sell some commodity businesses and is leveraged to improving economic activity, Argus said.
Duke Energy(DUK) was upgraded at Citigroup to buy from neutral. $80 price target. Regulatory overhangs have been lifted, Citi said.
Hillshire(HSH) was downgraded at Wells Fargo to underperform from market perform. Commodity and consumer headwinds will challenge near-term growth, Wells said.
Jacobs(JEC) was downgraded at Robert Baird to neutral from outperform. Industry appears to be in the later innings of the current cycle, Baird said.
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Kraft(KRFT) was downgraded at Jefferies to hold from buy. Valuation call, based on a $61 price target, Jefferies said.
Outerwall(OUTR) was added to the Best Ideas List at Wedbush. Company has several potential near-term catalysts, said Wedbush. $78 price target
Pentair(PNR) was initiated with an overweight rating at J.P. Morgan. $75 price target. Company has cyclical growth potential and can improve its operations, J.P. Morgan said.
Qualcomm(QCOM) was downgraded at Piper Jaffray to neutral from overweight. $67 price target. High-end smartphone demand is falling, Piper Jaffray said.