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CHANGE IN RATINGSAdvisory Board(ABCO) was intitiated with a buy rating at Bank of America/Merrill Lynch. $67 price target. Company can deliver solid growth and deserves a premium valuation.
Aetna(AET - Get Report) was upgraded at Bank of America/Merrill Lynch to buy from neutral. Valuation call, based on a $79 price target, BofA/Merrill said.
Axiall(AXLL) was downgraded at BofA/Merrill to neutral from buy. $45 price target. Company lacks near-term catalysts, BofA/Merrill said.
Brady(BRC) was downgraded at Robert Baird to neutral from outperform. $33 price target. WPS segment will likely grow faster than expected, Robert Baird said.
Dominion Resources(D) was upgraded at J.P. Morgan to overweight from neutral. $68 price target. Midstream growth and the formation of an MLP next year will unlock value from the existing assets, J.P. Morgan said.
Finish Line(FINL - Get Report) was upgraded at Piper Jaffray to neutral from underweight. $21 price target. Comps are easing and the Macy's initiative will likely be positive, Piper Jaffray said.
Intel(INTC - Get Report) was upgraded at Jefferies to buy from hold. $30 price target. Focusing its manufacturing leadership to make MPUs that are lower power, higher performance and cheaper, Jefferies said.
NTELOS(NTLS) was downgraded to hold at TheStreet Ratings.
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Pinnacle West Capital(PNW) was upgraded to neutral from sell at Citigroup. A key overhang related to the deregulation of the retail electric market in Arizona was removed, said Citigroup. Price target is $57.
QEP Resources(QEP) was downgraded at Deutsche Bank to hold. $34 price target. Valuation call, as the stock has outperformed its peers by 28% year to date, Deutsche Bank said.
Teva Pharmaceuticals(TEVA - Get Report) was downgraded at J.P. Morgan to neutral from overweight. $43 price target. Recovery is likely to be a gradual one with need to rebuild pipeline in the face of an eroding Copaxone franchise, J.P. Morgan said.
Under Armour(UA - Get Report) was downgraded at DA Davidson to neutral from buy. $85 price target. Valuation call, as the stock is up 65% year-to-date, DA Davidson said.
Urban Outfitters(UA - Get Report) was initiated with a buy rating at Sterne Agee. $45 price target. Bar has been reset and the company offers a compelling growth story, Sterne Agee said.