NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Allstate (ALL) was upgraded at Wells Fargo to outperform from market perform. Estimates were also upped, as the auto insurance market is improving, Wells Fargo said.
Barnes (B) was initiated with a buy rating at Deutsche Bank. $41 price target. Company should benefit from a reacceleration of commercial aerospace growth, Deutsche Bank said.
Cadence Design (CDNS) was upgraded at DA Davidson to buy from neutral. $16 price target. Recent pullback has created a buying opportunity, DA Davidson said.Cliffs Natural (CLF) was downgraded at FBR Capital Markets to market perform from outperform. Valuation call, as the stock has rebounded 51% over the past two months, FBR Capital Markets said. Cash America (CSH) was upgraded at JMP Securities to outperform from market perform. $50 price target. Gold volatility and weak gold demand have been priced into the stock, JMP Securities said. (INS) was upgraded to buy at TheStreet Ratings. Morgan Stanley (MS) was upgraded at JMP Securities to outperform from market perform. $34 price target. New analyst believes the company is in the midst of an important transformation, JMP Securities said. Netflix (NFLX) was downgraded at Morgan Stanley to equal weight. Valuation call, following the recent run in the stock, Morgan Stanley said. Performant Financial (PFMT) was initiated with a hold rating at TheStreet Ratings. Portland General (POR) was upgraded at Keybanc to buy from hold. $31 price target. Company can grow rate base by 50% over the next four years, Keybanc said. (PPO) was upgraded at Topeka Capital Markets to buy from hold. $51 price target. EDV adoption could gain momentum, Topeka Capital Markets said. Symantec (SYMC) was downgraded at Morgan Stanley to equal weight. Company lacks near-term catalysts, Morgan Stanley said. Wendy's (WEN) was upgraded at Argus to buy from hold. $10 price target. Remodeling and new menus should drive higher sales, Argus said.
STOCK COMMENTS / EPS CHANGESFacebook (FB) numbers were raised at J.P. Morgan. Shares are now seen reaching $53. Estimates were also increased on strong advertising traction that is expected to build into 2014, J.P. Morgan said. Overweight rating. Facebook estimates were upped at Wells Fargo. Company should see better marketer adoption, Wells Fargo said. Outperform rating.
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