This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
NEW YORK (
CHANGE IN RATINGSApple(AAPL - Get Report) rated new buy at Cantor. $777 price target. Stock has been challenged this year, but appears to be in the midst of a recovery.
Asbury Automotive(ABG) upgraded at Keybanc from hold to buy. $60 price target. Estimates also boosted, given higher industry demand.
Allison Transmission(ALSN) upgraded at Goldman to buy. $27 price target. End-market demand is improving and the company gives back its free cash flow in dividends.
Best Buy(BBY - Get Report) upgraded at BofA/Merrill from underperform to neutral. $38 price target. Company is cutting costs faster than expected.
Beam(VZ - Get Report) downgraded at Argus from buy to hold, Argus said. Stock is trading at a premium to its peers.
[READ: <a target="BLANK" data-add-tracking="TRUE" href="http://www.thestreet.com/story/12026123/1/copper-wires-are-worthless.html"><em>Copper Wires Are Worthless </em></a>]
Centerra Gold(CG) downgraded at UBS to neutral from buy and given a $5.69 price target, said UBS. Higher political risk will make the recent run in the stock difficult to continue.
CNA Financial(CNA) rated new buy at Deutsche. $42 price target. Company trades at a deep discount to its peers, but management can expand margins.
Concur Technologies(CNQR) downgraded at Wunderlich from buy to hold. $96 price target. 2014 consensus earnings expectations appear too high.
Gulfport Energy(GPOR) rated new Outperform at Wells. Company's core asset appears to be in a sweet spot of the Utica shale.
Guidewire Software(GWRE) downgraded at Citi to sell from neutral and given a $37 price target, said Citigroup. Revenue growth is decelerating and expenses are ramping, making valuation difficult.
Invensense(INVN) upgraded at Baird from neutral to outperform, Robert Baird said. $23 price target. Design win momentum has swung back to the company's favor.
Loews(L) rated new Buy at Deutsche. $52 price target. Company is the cheapest of its peers, but can compound book value.
Microsoft(MSFT - Get Report) was downgraded at Morgan Stanley to equal-weight, Morgan Stanley said. Nokia deal adds risk to the company's model.
Nokia(NOK - Get Report) upgraded at BMO from underperform to market perform, BMO Capital said. $5 price target. MSFT deal terms are very positive for the company.