NEW YORK (TheStreet) -- CHANGE IN RATINGS
Alon USA Energy (ALJ) was downgraded to hold at TheStreet Ratings.
AOL (AOL) was upgraded at Topeka Capital to buy from hold. $43 price target. Risk/reward is compelling at current levels, Topeka Capital said.
Cardinal Health (CAH) was initiated with a neutral rating at Sterne Agee. $48 price target. Company will likely grow slower than its peers, Sterne Agee said.Cisco (CSCO) was initiated with an underperform rating at Credit Suisse. $21 price target. SDN architecture will likely cut into industry margins, Credit Suisse said. Disney (DIS) was downgraded at Morgan Stanley to equal-weight. $70 price target. Company lacks near-term catalysts, Morgan Stanley said. FedEx (FDX) was downgraded at Goldman Sachs to neutral from buy. Valuation call, based on a $116 price target, Goldman said.
(GIS) was downgraded at Wells Fargo to market perform from outperform. U.S. retail environment remains weak, Wells Fargo said. Groupon (GRPN) was upgraded at Stifel Nicolaus to buy from hold. $16 price target. Growth is accelerating in the local business and Europe appears to be stabilizing, Stifel Nicolaus said. Huntsman (HUN) was upgraded at Bank of America/Merrill Lynch to buy from neutral. $24 price target. New strategic plan can unlock shareholder value, BofA/Merrill said. Juniper (JNPR) was initiated with a neutral rating at Credit Suisse. $20 price target. Secular concerns will likely offset a cyclical improvement in the core business, Credit Suisse said. McKesson (MCK) was initiated with a buy rating at Sterne Agee. $80 price target. Company has a dominant market share of specialty drugs, Sterne Agee said.
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