NEW YORK (
CHANGE IN RATINGS
3D Systems (DDD) was downgraded to hold at TheStreet Ratings.
DHT (DHT) was initiated at UBS with a buy rating. Driven by uptick in spot rates and upside from positive crude trends, UBS said. Twelve-month price target is $10.
Exelis (XLS) was upgraded to hold at TheStreet Ratings.
Lowe's (LOW) was upgraded at Oppenheimer to outperform. Estimates were also increased, as sales should pick up, along with the weather, Oppenheimer said. Twelve-month price target is $57.
Nucor (NUE) was downgraded at Credit Suisse to neutral from overweight. Valuation call, based on a 12-month price target of $50, Credit Suisse said.
Pinnacle (PNK) was downgraded at Deutsche Bank to hold from buy. Twelve-month price target is $28. Consensus estimates are likely too high, Deutsche Bank said.Scorpio Tankers (STNG) was initiated at UBS with a buy rating. Driven by bullish outlook on product tanker market and substantial cash flow, which should increase dividends, UBS said. (TEVA) was upgraded at J.P. Morgan to neutral. Twelve-month price target is $49. Company has several potential paths to creating shareholder value, J.P. Morgan said. US Steel (X) was downgraded at Credit Suisse to underperform from neutral. Twelve-month price target is $19. Emerging-market demand is a drag for the entire industry, Credit Suisse said.
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