NEW YORK ( TheStreet ) -- CHANGE IN RATINGS
Advanced Energy Industries (AEIS) was upgraded to buy at TheStreet Ratings.
Abercrombie & Fitch (ANF) downgraded at Wells Fargo to market perform from outperform. Estimates were also cut, with no signs of a recovery in sight, Wells Fargo said.
Gamestop (GME) was upgraded at Needham to buy from hold. $60 price target. Company is leveraged to new console releases, Needham said.
Micron (MU) was downgraded at Bank of America/Merrill Lynch to neutral from buy. Valuation call, based on a $20.50 price target, BofA/Merrill said.
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Nucor (NUE) was downgraded at Wells Fargo to market perform from outperform. Valuation call, Wells Fargo said.
VeriFone Systems (PAY) was upgraded at Jefferies to buy from hold. Company is executing in FCF and should be positioned for some market share recovery in the first half of 2014, Jefferies said. $29 price target.Partner Re (PRE) was upgraded at UBS to buy from neutral. Upside to 2014/15 earnings, and company is trading at a discount despite having one of the strongest balance sheets in the industry, UBS said. $114 price target.
Everest Re (RE) was downgraded at UBS to neutral from buy. No more anticipated upside, valuation call, UBS said. $161 price target.
Fresh Market (TFM - Get Report) was downgraded at Sterne Agee to neutral. $44 price target. Company has struggled to grow outside its core region, Sterne Agee said.
Target (TGT) was downgraded at Bank of America/Merrill Lynch to underperform from neutral. $60 price target. Sales and margin outlooks are deteriorating, BofA/Merrill said.
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