NEW YORK (TheStreet) -- CHANGE IN RATINGS
Barrick Gold (ABX) was upgraded at RBC Capital to outperform from sector perform. Twelve-month price target is $28. Company can increase cash flow by focusing on core businesses, RBC Capital said.
Infoblox (BLOX) was upgraded at Goldman Sachs to buy. 42% decline has created a buying opportunity, Goldman said.
(CAT) was initiated with a buy rating at Deutsche Bank. Twelve-month price target is $122. Construction and Power Systems can drive growth, Deutsche Bank said.
Deere (DE) was initiated with a buy rating at Deutsche Bank. Twelve-month price target is $110. Fundamentals are improving in international agriculture and construction markets, Deutsche Bank said.
Equinix (EQIX) was downgraded at Piper Jaffray to neutral from overweight. Valuation call, based on a 12-month price target of $210, Piper Jaffray said.
CGI (GIB) was upgraded to buy from hold at Jefferies. Reflecting FCF recovery and robust bookings trends driving top-line growth, Jefferies said. Twelve-month price target is $43. Nabors (NBR) was upgraded at Morgan Stanley to overweight. Twelve-month price target is $28. Stock has underperformed its peers, but macro issues appear to have troughed and execution is improving, Morgan Stanley said.
Nabors was upgraded to buy at TheStreet Ratings. (SM) was downgraded at UBS to neutral from buy. Reflects disappointing Eagle Ford resource update and negative impact on management and asset credibility, UBS said. Twelve-month price target is $82. Neutral rating.
SM Energy was downgraded to hold at TheStreet Ratings.
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