NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Advisory 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) 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. (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) 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) 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. (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) 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) 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) 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.
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