NEW YORK (TheStreet) -- CHANGE IN RATINGS
Apple (AAPL) was downgraded at Bank of America/Merrill Lynch to neutral. $520 price target. iPhone announcements were a disappointment, and the company lacks catalysts, BofA/Merrill said.
Apple was downgraded at UBS to neutral from buy. $520 price target. Company lacks strength in key markets, like China, UBS said.
Apple was downgraded at Credit Suisse to neutral from outperform. $525 price target. Company is limiting its potential by ignoring the lower end of the market, Credit Suisse said.Apache (APA) was downgraded at UBS to neutral from buy. Recent run after the announcement of asset sales, said UBS. Price target is $90. Aeropostale (ARO) was downgraded to sell at TheStreet Ratings. BBCN Bancorp (BBCN) was upgraded at DA Davidson to buy from neutral. Loan production should remain strong, DA Davidson said. (BLK) was downgraded at UBS to neutral from buy. Expenses and fees put pressure on margins, said UBS. Price target was reduced to $280. Conagra (CAG) was upgraded at Goldman Sachs to buy. $42 price target. Fundamentals appear to have bottomed, Goldman said. Cognex (CGNX) was upgraded at Piper Jaffray to neutral from underweight. $58 price target. Company is seeing secular growth in the logistics market, Piper Jaffray said. Consolidated Edison (ED) was downgraded at Jefferies to hold from buy. $58 price target. Reduction in retail margins at the company's unregulated business, Jefferies said. Digital Realty Trust (DLR) was downgraded to hold at TheStreet Ratings. Ingersoll Rand (IR) was upgraded at J.P. Morgan to overweight from neutral. $72 price target. Offers a combination of leverage to an improving economy and continued productivity improvement, J.P. Morgan said.
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