NEW YORK (TheStreet) -- CHANGE IN RATINGS
Aetna (AET) was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target is $83. Company is keeping a tight lid on costs and should realize higher synergies from the CVH deal, Credit Suisse said.
(ALB) was upgraded at Bank of America/Merrill Lynch to buy from neutral. Twelve-month price target is $71. See improved growth in catalysts over the coming quarters, BofA/Merrill said.
Avery Dennison (AVY) was upgraded at Robert Baird to outperform from neutral. Twelve-month price target is $57. Stock is trading at a discount to its peers and management should continue to execute, Robert Baird said.
American Axle & Manufacturing (AXL) was upgraded to buy at TheStreet Ratings.
Buffalo Wild Wings (BWLD) was downgraded at Morgan Stanley to underweight. Valuation call, Morgan Stanley said. Twelve-month price target is $143.
CACI International (CACI) was upgraded at J.P. Morgan to overweight from neutral. Driven by relative value in SMID defense and an eventual shift back to the more typical pensions-adjusted EPS from GAAP as basis for valuing large-cap defense, J.P. Morgan said.Commerce Bancshares (CBSH) was upgraded at Bank of America/Merrill Lynch to neutral. Twelve-month price target is $46. Margin stabilization should support spread revenue growth, BofA/Merrill said.
CVS Caremark (CVS) was initiated with an outperform rating at Leerink Swann. Twelve-month price target is $85. Retail and mail PBM model should drive growth, Leerink Swann said. (CYN) was upgraded at Bank of America/Merrill Lynch to neutral from underperform. Twelve-month price target is $80. Company is leveraged to higher interest rates and can generate high growth, BofA/Merrill said. Dupont (DD) was upgraded at Bank of America/Merrill Lynch to buy from neutral. Twelve-month price target is $70. Company is inexpensive and has leverage to growing demand for specialty chemicals, BofA/Merrill said.
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