NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Cubist (CBST) was upgraded at Leerink Swann to outperform from market perform. $76 price target. Acquisitions should drive near-term growth, Leerink Swann said.
(GOLD) was downgraded to hold at TheStreet Ratings. Lindsay (LNN) was downgraded at William Blair to market perform from outperform. Expect declines in the irrigation business, Blair said. Masco (MAS) was initiated with a hold rating at Jefferies. $24 price target. Best housing play, but recovery baked in, Jefferies said. Owens Corning (OC - Get Report) was initiated with a buy rating at Jefferies. $55 price target. Underappreciated franchise with significant earnings leverage, Jefferies said. Occidental (OXY - Get Report) was upgraded at Wells Fargo to outperform. Company can unlock value through restructuring, Wells Fargo said. Pharmacyclics (PCYC) was initiated with an overweight rating at J.P. Morgan. J&J partnership should drive growth, J.P. Morgan said.
(POR) was upgraded at Wells Fargo to outperform from market perform. Company has lagged its peers in recent months, but has good long-term growth prospects, Wells Fargo said. Valmont (VMI) was downgraded at William Blair to market perform. Estimates were also cut, as two segements will likely peak this year, Blair said.