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CHANGE IN RATINGS
Dick's Sporting Goods (DKS - Get Report) was upgraded at Credit Suisse to outperform from neutral. More focused management and improvements in strong private-label program, Credit Suisse said. Twelve-month price target is $65.
Intel (INTC) was upgraded at BMO to outperform from market perform. Progress on the SoC front, stabilization on the PC market, and valuation call, BMO said. Twelve-month price target is $31.
Petsmart (PETM) was downgraded at UBS to neutral from buy. Driven by departure of COO and difficulty in gaining market share with already sizable position, UBS said. Twelve-month price target is $72. Regeneron Pharmaceuticals (REGN) was downgraded at BMO to market perform from outperform. Pipeline value will take longer to realize, BMO said. Twelve-month price target is $331. Raymond James (RJF) was initiated at Credit Suisse with an outperform rating. Attractive play on retail engagement and rising interest rates, Credit Suisse said. Twelve-month price target is $60. Unilever (UN) was downgraded at J.P.Morgan to underweight from neutral. Margin risk and high valuation, J.P. Morgan said.