NEW YORK (TheStreet) -- CHANGE IN RATINGS
Apple (AAPL) was upgraded at Jefferies to buy from hold. Valuation call, based on a $600 price target, Jefferies said.
Jiayuan.com (DATE) was upgraded to buy at TheStreet Ratings.
Evercore (EVR) was downgraded at Goldman Sachs to neutral from buy. Valuation call, based on a $52 price target, Goldman said.Synageva (GEVA) was downgraded at Wedbush to neutral from outperform. Valuation call, based on a $67 price target, Wedbush said. (HAIN) was upgraded at Piper Jaffray to overweight from neutral. $94 price target. Healthy foods should continue to see secular growth, Piper Jaffray said. HollyFrontier (HFC) was downgraded at Imperial Capital to in-line from outperform. $41 price target. Estimates also cut, given a contraction in refining margins, Imperial Capital said. Lazard (LAZ) was upgraded at Goldman Sachs to buy from neutral. Company was also placed on the Conviction Buy list, with a $45 price target. Company should see higher growth and margins across the board, Goldman said. Piedmont Natural Gas (PNY) was downgraded to hold at TheStreet Ratings. Northeast Utilities (NU) was initiated with an equal-weight rating at Morgan Stanley. Valuation call, based on a $43 price target, Morgan Stanley said. Qualcomm (QCOM) was downgraded at Bank of America/Merrill Lynch to neutral from buy. $75 price target. Market dynamics don't bode well for the company's growth, BofA/Merrill said. (RLGY) was upgraded at Goldman Sachs to buy. $54 price target. Company should see stabilization in royalty rates and commission splits, Goldman said. Signet (SIG) was upgraded at Deutsche Bank to buy from hold. $85 price target. Company can deliver low-teens annual earnings growth over the next three years, Deutsche Bank said. Toll Brothers (TOL) was downgraded at Goldman Sachs to neutral. Valuation call, based on a $36.50 price target, Goldman said. Umpqua (UMPQ) was upgraded at Sterne Agee to buy from neutral. Valuation call, based on a $19 price target. Estimates were also increased, as the STSA acquisition should add to earnings, Sterne Agee said.
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