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CHANGE IN RATINGS
Dana Holding (DAN) was downgraded at UBS to neutral from buy. Challenging end markets resulting in flat growth and limited margin expansion, UBS said. $20 price target.
Dollar General (DG) was upgraded at Goldman Sachs to buy from neutral. Company was also placed on the Conviction Buy list. $71 price target. Expect an inflection point in the gross margin, Goldman said.
Family Dollar (FDO) was downgraded at Sterne Agee to underperform. $56 price target. Company is facing increased competition, Sterne Agee said.The Gap (GPS - Get Report) was downgraded at Jefferies to hold from buy. Comps slowing and low visibility on consumer patterns, Jefferies said. $40 price target.
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Host Hotels & Resorts (HST) was downgraded to hold at TheStreet Ratings. Intel (INTC) was upgraded at Drexel Hamilton to buy from hold. $30 price target. PC erosion should moderate, and earnings can exceed consensus views, Drexel Hamilton said. Intel was upgraded at Citigroup to buy from neutral. $28 price target. Stabilizing corporate PC market leads to more favorable risk/reward, Citigroup said. LinkedIn (LNKD - Get Report) was upgraded at BMO Capital to outperform from market perform. $270 price target. Company is preparing to formally launch in China, BMO Capital said.
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NTS (NTS) was upgraded to hold at TheStreet Ratings. Precision Drilling (PDS) was upgraded at Jefferies to buy from neutral. Recent pullback with steady fundamentals, Jefferies said. $11 price target. Parker Hannifin (PH) was upgraded at Goldman Sachs to buy from sell. $135 price target. Consensus estimates appear light, and the company is boosting free cash flow, Goldman said. Rockwood (ROC) was upgraded at Bank of America/Merrill Lynch to buy from neutral. $86 price target. Lithium business can drive growth in the coming years, BofA/Merrill said.