NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Alcoa (AA) was downgraded at Deutsche Bank to sell from hold. $5.50 price target. Boom times are long gone in the metals business, Deutsche Bank said.
Aptargroup (ATR) was downgraded at J.P. Morgan to neutral from overweight. $65 price target. Macro upside lever more limited, J.P. Morgan said.
Baxter (BAX) was downgraded at Credit Suisse to neutral from outperform. $73 price target. Outlook for hemophilia market remains uncertain, Credit Suisse said.BBX Capital (BBX) was upgraded to hold at TheStreet Ratings. Cabela's (CAB) was initiated with a market perform rating at William Blair. Company has uncertain near-term sales trends, William Blair said. (CNH) was downgraded to hold at TheStreet Ratings. Hologic (HOLX) was initiated with a buy rating at Needham. $26 price target. Company can post modest sales growth, against easier comps, Needham said. Manpower (MAN) was upgraded at Bank of America/Merrill Lynch to buy. $85 price target. Company should see a better macro environment and is cutting costs, BofA/Merrill said. Resmed (RMD) was downgraded at UBS to neutral from buy. Valuation call, based on a $50.50 price target, UBS said. (STX) was upgraded at Pacific Crest to outperform from sector perform. $53 price target. Market is overly concerned about PC demand and market share loss to flash, Pacific Crest said. Tesla (TSLA) was downgraded at Robert Baird to neutral from outperform. Valuation call, Baird said.
STOCK COMMENTS / EPS CHANGESAruba (ARUN) estimates, price target were boosted at Pacific Crest. Shares are now seen reaching $21. Estimates were also increased, as new cloud Wi-Fi products and Brocade OEM strength should drive growth, Pacific Crest said. Outperform rating. Actuant (ATU) numbers were increased at Jefferies. Shares are now seen reaching $36. Estimates were also increased on lower taxes, Jefferies said. Hold rating. Broadcom (BRCM) estimates, price target were cut at Benchmark. Shares are now seen reaching $35. Estimates were also reduced, as the Renesas purchase should cut into earnings, Benchmark said. (GPN) numbers were increased at Credit Suisse. Estimates were raised through 2015. Company boosted guidance and is buying back more shares, Credit Suisse said. Outperform rating and new $62 price target. Global Payments numbers were increased at Jefferies. Shares are now seen reaching $59. Estimates were also increased following strong quarter, Jefferies said. Buy rating. >To submit a news tip, email: firstname.lastname@example.org. Follow TheStreet on Twitter and become a fan on Facebook.
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