Catamaran (CTRX) was downgraded at ISI Group to neutral from buy. Twelve-month price target is $50. Company's profit outlook is going through a transition period, ISI Group said.
Endologix (ELGX) was downgraded at Oppenheimer to outperform from perform. Twelve-month price target is $16. Domestic business is facing increased competition, Oppenheimer said.
Eaton Vance (EV) was upgraded at Sterne Agee to buy from neutral. Valuation call, as headwinds could be nearing a bottom, Sterne Agee said.Intermune (ITMN) was downgraded at Credit Suisse to neutral from outperform. Valuation call, based on a 12-month price target of $33, Credit Suisse said.
M/I Homes (MHO) was downgraded to hold at TheStreet Ratings. Mylan (MYL) was downgraded at Needham to hold from buy. Valuation call, as the stock is up 36% year to date, Needham said. NCI Building Systems (NCS) was initiated at UBS with a buy rating. Strong leverage to a nonresidential construction recovery, UBS said. Twelve-month price target is $21. Buy rating. State Street (STT) was downgraded at RBC Capital to sector perform from outperform. Twelve-month price target is $68. Estimates were also cut, given lower sales and higher expected costs, RBC Capital said. Westlake (WLK) was upgraded at J.P. Morgan to overweight from neutral.
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