NEW YORK (TheStreet) -- CHANGE IN RATINGS
Autodesk (ADSK) was upgraded at J.P. Morgan to overweight. Company should benefit from coordinated manufacturing expansion, J.P. Morgan said.
Baker Hughes (BHI) was upgraded at Argus to buy from hold. Twelve-month price target is $68. North American pressure pumping business is seeing meaningful improvement, Argus said.
Citrix (CTXS) was downgraded at Robert Baird to neutral from outperform. Twelve-month price target is $64. Company is seeing slower growth and facing increased competition, Robert Baird said.
Citrix was upgraded at Drexel Hamilton to buy from hold. Twelve-month price target is $65. Company trades at a steep discount to its peers, Drexel Hamilton said.
Citrix was downgraded at Pacific Crest to sector perform from outperform. Company is seeing lower desktop license revenue, Pacific Crest said.
Citrix was downgraded at JMP Securities to underperform from market perform. Twelve-month price target is $45. Company lowered its guidance, JMP Securities said.
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Amdocs (DOX) was upgraded at Oppenheimer to outperform from perform. Twelve-month price target is $47. Company continues to execute well and raised guidance, Oppenheimer said.
EMC (EMC - Get Report) was downgraded at Mizuho to neutral from buy. Twelve-month price target is $27. Valuation call, given weak storage growth fundamentals, Mizuho said.
FirstMerit (FMER) was upgraded at FIG Partners to outperform. Twelve-month price target is $24. Company had a solid quarter and is consolidating branches, FIG Partners said.