Norfolk Southern was upgraded at Bank of America/Merrill Lynch to buy. Twelve-month price target is $103. Company is continuing its impressive rebound, BofA/Merrill said.
Nortel Inversora (NTL) was upgraded to buy at TheStreet Ratings.
Parker Hannifin (PH) was downgraded at J.P. Morgan to neutral from overweight. Company missed earnings expectations, J.P. Morgan said.
RLJ Lodging Trust (RLJ) was upgraded to buy at TheStreet Ratings.
Sandisk (SNDK) was downgraded at Needham to buy from strong buy. Valuation call, based on a 12-month price target of $83.
Texas Capital (TCBI) was downgraded at Sterne Agee to neutral from buy. Twelve-month price target is $65. Estimates were also cut, because of higher costs and net interest margin pressure, Sterne Agee said.
Total System (TSS) was upgraded at Goldman Sachs to neutral from sell. Twelve-month price target is $31. Organic growth profile is improving, Goldman Sachs said.
Varian Medical (VAR) was upgraded at Cantor Fitzgerald to buy from hold. Twelve-month price target is $93. Macro picture is improving, Cantor Fitzgerald said.