Riverbed (RVBD) was upgraded at Oppenheimer to outperform from perform. $20 price target. Stock offers an attractive risk/reward at current levels, Oppenheimer said.
Steve Madden (SHOO) was upgraded at Goldman Sachs to buy from sell. $69 price target. Company is using its solid balance sheet to buy back stock, Goldman Sachs said.
SM Energy (SM) was upgraded to buy at TheStreet Ratings.
Synchronoss (SNCR) was added to the U.S. Focus List at Credit Suisse. Company should see a higher sales ramp in cloud services, Credit Suisse said. $46 price target.(TEVA) was downgraded at Morgan Stanley to underweight from equal-weight. Consensus estimates are likely too high and see better value in Mylan. Viacom (VIAB) was downgraded at Needham to hold from buy. Valuation call, as the stock is up more than 20% over the past six weeks and trades at a premium to its peers, Needham said. Vectren (VVC) was downgraded underperform from neutral at Bank of America/Merrill Lynch. Valuation call, based on a $33 price target, BofA/Merrill said. Whole Foods (WFM) was upgraded at Williams to buy from hold. $64 price target. Company deserves a higher valuation multiple, Williams said.
Stock Comments / EPS ChangesAutodesk (ADSK) estimates, price target were reduced at Jefferies. Shares are now seen reaching $42. Estimates were also cut, as field work shows no improvement expected for the second half of the year, Jefferies said. Buy rating. Aruba (ARUN) estimates, price target were increased at JMP Securities. Estimates were increased through 2014. Channel checks show a rebound in demand, JMP said. Outperform rating and new $22 price target. American Axle (AXL) numbers were raised at Citigroup. Shares are now seen reaching $24. Estimates were also increased, given improving earnings momentum, Citi said. Buy rating. Broadcom (BRCM) estimates, price target were cut at Piper Jaffray. Estimates were reduced through 2014. Company is losing market share, Piper Jaffray said. Overweight rating and new $34 price target. Chevron (CVX) estimates were reduced at UBS. Estimates were cut through 2014. Company is seeing slower growth across the board, UBS said. Neutral rating and new $125 price target.
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