NEW YORK (TheStreet) -- CHANGE IN RATINGS
First Majestic Silver (AG) was upgraded to hold at TheStreet Ratings.
Bank of America (BAC) was initiated with a buy rating at Societe Generale. $17 price target. Company is cutting costs and has a positive outlook for revenue growth, Societe Generale said.
Bruker (BRKR) was downgraded at Wells Fargo to market perform. Valuation call, as the company lacks near-term catalysts, Wells Fargo said.CF Industries (CF) was upgraded at Citigroup to buy from neutral and given a $240 price target. Less downside in nitrogen market is expected, Citi said. Clorox (CLX) was downgraded at Credit Suisse to underperform from neutral. $78 price target. Company will struggle to meet 2014 targets, Credit Suisse said. JP Morgan Chase (JPM) was initiated with a hold rating at Societe Generale. $56 price target. Rising litigation and regulatory scrutiny could keep a lid on the stock, Societe Generale said.
(NPBC) was upgraded at Sterne Agee to neutral from underperform. Company has excess capital and can grow through deals, Sterne Agee said. Nokia (NOK) was upgraded to hold at TheStreet Ratings. Pacwest Bancorp (PACW) was upgraded at Keefe, Bruyette & Woods to outperform. $40 price target. CSE deal should add to earnings, KBW said. Pier 1 (PIR) was upgraded at Credit Suisse to outperform from neutral. $25 price target. Company can correct its marketing errors and continue a successful business turnaround, Credit Suisse said. Solarwinds (SWI) was downgraded at Goldman Sachs to sell from neutral. $35 price target. Stock is not pricing in a slower macro environment and potential secular challenges, Goldman said.
STOCK COMMENTS / EPS CHANGESAres Capital (ARCC) estimates were reduced at UBS. Earnings estimates were reduced to reflect earnings and the recent capital raise, said UBS. Price target is $19. Bed Bath & Beyond (BBBY) numbers were raised at UBS. Earnings estimates were raised given tailwinds from the housing market, said UBS. Price target goes to $80.
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