NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Biomarin (BMRN) was downgraded at Stifel Nicolaus to hold from buy. Valuation call, as the stock is largely pricing in potential near-term catalysts, Stifel Nicolaus said.
Caterpillar (CAT) was downgraded at Robert Baird to neutral from outperform. Company is facing mining headwinds and lower construction growth, Robert Baird said.Frank's International (FI - Get Report) was initiated with a buy rating and $33 price target at UBS. The company has industry leading margins, exposure to attractive offshore markets and balance sheet strength, UBS said. HCA (HCA) was upgraded at Mizuho to buy from neutral. $51 price target. Company should benefit from health care reform, Mizuho said. Intuit (INTU - Get Report) was downgraded at Morgan Stanley to underweight. $62 price target. Tax business growth is slowing, Morgan Stanley said. International Rectifier (IRF) was upgraded to buy at TheStreet Ratings. Interpublic Group (IPG) was upgraded to hold from underperform at Jefferies. $17.20 price target. Big steps forward but valuation remains rich, Jefferies said. (NOW) was upgraded at Morgan Stanley to overweight. $62 price target. Total addressable market is higher than previous thought, Morgan Stanley said. Nucor (NUE) was initiated with an outperform rating at BMO Capital. $54 price target. Company should see an improved product mix and lower costs, BMO Capital said. Oil States (OIS) was upgraded at BMO Capital to market perform. $110 price target. Company is sold a noncore asset, and the sector is seeing better momentum, BMO Capital said. Elizabeth Arden (RDEN) was downgraded at B. Riley to neutral from buy. Valuation call, as the stock is approaching the $40 price target, B. Riley said. (SFLY) was upgraded to buy at TheStreet Ratings. Synchronoss (SNCR) was upgraded at Goldman Sachs to neutral from sell. $37 price target. Estimates also upped, given higher expected growth at Verizon (VZ - Get Report), Goldman said. AT&T (T - Get Report) was initiated with an outperform rating at Credit Suisse. $38 price target. Stock is attractively valued, on a relative basis, Credit Suisse said.
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