NEW YORK (TheStreet) -- CHANGE IN RATINGS
Abercrombie & Fitch (ANF) was downgraded at Robert Baird to neutral from outperform. $42 price target. Have lower confidence in the company's ability for sales and margin improvement, Robert Baird said.
Anworth Mortgage (ANH) was downgraded to sell at TheStreet Ratings.
Centurylink (CTL) was upgraded at Nomura to neutral from reduce. $33 price target. Shares are pricing in slower growth, though the company still generates steady cash flow, Nomura said.Dick's Sporting Goods (DKS) was downgraded at Oppenheimer to perform from outperform. $44 price target. Recent sales weakness could persist, Oppenheimer said. (FTI) was upgraded to buy at Societe Generale. $65 price target. Project slippage fears are likely overdone, Societe Generale said. Guess (GES) was downgraded at Piper Jaffray to neutral from overweight. $31 price target. Choppy U.S. retail environment will likely defer a business turnaround, Piper Jaffray said. Pandora (P) was downgraded at Stifel Nicolaus to hold from buy. Investment story has shifted back to a focus on margins, Stifel Nicolaus said. Staples (SPLS) was downgraded at Credit Suisse to neutral from outperform. Company could face continued margin pressure, Credit Suisse said. $15 price target. (SUNE) was upgraded at Needham to buy from hold. $11 price target. Company could carve out its chip business to unlock value, Needham said. VMWare (VMW) was upgraded at Jefferies to buy from hold. $105 price target. Believe the company can sustain a re-acceleration of growth, Jefferies said. W&T Offshore (WTI) was downgraded to hold at TheStreet Ratings.
Stock Comments / EPS ChangesAutodesk (ADSK) estimates, price target cut at Canaccord Genuity. Shares are now seen reaching $35. Estimates were also reduced, given the company's new guidance, Canaccord said. L Brands (LTD) numbers were boosted at BMO Capital Markets. Shares are now seen reaching $52. Estimates were also increased, given the company's new guidance, BMO Capital Markets said. Market Perform rating. (MRVL) estimates, price target were increased at Benchmark through 2015. Company has strong earnings momentum, Benchmark said. Hold rating and new $12 price target.
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