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CHANGE IN RATINGS
Altera (ALTR) was initiated with outperform rating by JMP Securities. $41 price target. The company has a consistent track record, but the stock has lagged the market in 2013, said JMP.
Astec Industries (ASTE) was upgraded to a buy rating at TheStreet Ratings.
Beacon Roofing (BECN) was upgraded at Keybanc to buy from hold. $42 price target. The company is facing easy sales comps, and its gross margin can improve, Keybanc said.
Brixmor Property Group (BRX) was initiated with a buy rating at UBS. $21.50 price target. A healthy internal growth profile and an active redevelopment pipeline make the company a buy, UBS said.
Derma Sciences (DSCI) was downgraded to a sell rating at TheStreet Ratings.
Hancock (HBHC) was upgraded to buy at Wunderlich. $41 price target. The company has a positive meeting with management and appears to be positioned well for 2014, said Wunderlich.
HD Supply (HDS) was downgraded to sell from neutral by Goldman Sachs. $20 price target. Consensus estimates appear to be too high through 2015, Goldman said.
LyondellBasell (LYB) was upgraded to top pick from outperform at RBC Capital. $110 price target. Earnings growth should accelerate in 2014, RBC said.
Southwest Airlines (LUV) was upgraded to buy from neutral at Bank of America/Merrill Lynch. $23 price target. The company's estimates were boosted, and domestic small businesses growth should help drive traffic, said BofA/Merrill.
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Oracle (ORCL - Get Report) was downgraded to sector perform from outperform at RBC Capital. $35 price target. This is a valuation call, said RBC.
Oracle (ORCL - Get Report) was downgraded to equal-weight at Morgan Stanley. As the company lacks near-term catalysts, this is a valuation call, said Morgan Stanley.
Sherwin-Williams (SHW) was downgraded to outperform from top pick at RBC Capital. $210 price target. This is a valuation call, said RBC.
Scripps Networks (SNI) was downgraded to sector perform from outperform at RBC Capital. $85 price target. Programming expenses could continue to trend higher, RBC said.
Teradata (TDC) was downgraded to sector perform from outperform at RBC Capital. $41 price target. Deal cycles could continue to elongate until the next CapEx cycle materializes, said RBC.
Xilinx (XLNX) started with an outperform rating at JMP Securities. $55 price target. Sales growth is accelerating, but the stock has lagged the chip sector in 2013, said JMP.
(XLS) was upgraded to buy at Drexel Hamilton. $20 price target. The Mission Systems spin should create shareholder value, said Drexel.
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