NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Altera (ALTR) was upgraded at Citigroup to buy from neutral. Opportunity in China wireless, said Citigroup. Price target goes to $41.
Alliant Techsystems (ATK) was upgraded at Drexel Hamilton to buy from hold. $110 price target. Company is leveraged to higher civilian demand for ammunition, Drexel Hamilton said.Big Lots (BIG) was upgraded at J.P. Morgan to neutral from underweight. Risk/reward balanced with setup reversed and change underway, J.P. Morgan said. Darling (DAR) was upgraded at Canaccord Genuity to buy. $25 price target. Rothsay acquisition fits in and should add to earnings, Canaccord Genuity said. (DLTR - Get Report) was upgraded at Deutsche Bank to buy. Company has easier comps and can generate higher free cash flow, Deutsche Bank said. $60 price target. Family Dollar (FDO - Get Report) was downgraded at Deutsche Bank to hold from buy. Valuation call, based $74 price target, Deutsche Bank said. Hasbro (HAS) was upgraded at Citigroup to buy from sell and given a $53 price target. Core product launches should reaccelerate sales growth, Citi said. Raytheon (RTN - Get Report) was downgraded at Stifel Nicolaus to hold from buy. Valuation call, as the stock exceeded the $77 price target, Stifel Nicolaus said. (TSN - Get Report) was downgraded at Bank of America/Merrill Lynch to neutral from buy. $32 price target. Industry data suggest a steep increase in production, BofA/Merrill said.
Stock Comments / EPS ChangesBed, Bath & Beyond (BBBY) price target was raised at Credit Suisse to $80. Company has improved its Web site, and channel checks are positive for back-to-school shopping, Credit Suisse said. Outperform rating. EOG Resources (EOG) numbers were increased at Jefferies through 2014. Company can continue to grow in the Eagle Ford. Buy rating and new $195 price target. (FL) estimates were cut at UBS. Estimates were reduced to reflect slowing same store sales, said UBS. Price target is $39. Hibbert Sports (HIBB) numbers were reduced at Piper Jaffray. Shares are now seen reaching $56. Estimates also cut, as 2013 could prove to be a bridge year, Piper Jaffray said. Neutral rating. >To submit a news tip, email: firstname.lastname@example.org. Follow TheStreet on Twitter and become a fan on Facebook.
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