NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Ascena Retail (ASNA) was upgraded at FBR Capital Markets to market perform from underperform. $18 price target. Investor sentiment has shifted, despite weaker near-term results, FBR Capital Markets said.
Blount International (BLT) was downgraded to hold at TheStreet Ratings.
Carnival (CCL) was downgraded at Morgan Stanley to underweight from equal-weight. Estimates were also cut, given the company's new guidance, Morgan Stanley said. $32 price target.Cash America (CSH) was upgraded at Sterne Agee to neutral. $40 price target. Regulatory changes will likely be slower and less severe than previously expected, Sterne Agee said. Cypress Semiconductor (CY) was downgraded at Wedbush to neutral from outperform. $10 price target. Company will likely remain in the penalty box for a couple of quarters, Wedbush said.
(DTE) was initiated with a market perform rating at Wells Fargo. Valuation call, Wells Fargo said. Facebook (FB) was initiated with a buy rating at Canaccord Genuity. $60 price target. Company is still in the early stages of monetizing its user base. Canaccord Genuity said. Infosys (INFY) was upgraded at Robert Baird to outperform from neutral. $58 price target. Economic and currency trends are improving, and the company trades at a compelling valuation, Robert Baird said. Carmax (KMX) was downgraded at Goldman Sachs to neutral. $55 price target. Company faces credit headwinds, Goldman said.
(NTI) was initiated with a sell rating at TheStreet Ratings. Reliance Steel (RS) was downgraded at Bank of America/Merrill Lynch to neutral. $75 price target. Company is facing near-term metal price headwinds, BofA/Merrill said.
STOCK COMMENTS / EPS CHANGESCrown Holdings (CCK) numbers were cut at J.P. Morgan. Shares are now seen reaching $46. Estimates were also lowered on negative preannouncement, J.P. Morgan said. Neutral rating. Carnival numbers were reduced at UBS. Earnings estimates were cut to reflect lower yields and increased expenses, said UBS. Price target was reduced to $35. Dollar Tree (DLTR) was cut from the Conviction Buy List at Goldman Sachs. Valuation call, as the stock is up 48% over the past 11 months, Goldman said. $65 price target.
(KR) price target was raised at Citigroup to $47. Increased growth will come from industry consolidation and strategic initiatives, said Citigroup. McKesson (MCK) price target was raised at UBS to $143. Increased visibility for growth, said UBS. Ross Stores (ROST) was added to the Conviction Buy List at Goldman Sachs. $83 price target. Company can generate consistent 15% annual earnings growth and can nearly double its store base over the next decade, said Goldman. >To submit a news tip, email: email@example.com. Follow TheStreet on Twitter and become a fan on Facebook.
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