NEW YORK (TheStreet) -- CHANGE IN RATINGS
Cordia Bancorp (BVA) was upgraded to hold at TheStreet Ratings.
Exelon (EXC - Get Report) was upgraded at Credit Suisse to outperform from neutral. Expectations and fundamentals have found the bottom, Credit Suisse said. Twelve-month price target is $35.
El Paso Electric (EE) was downgraded to hold at TheStreet Ratings.
Stock Comments / EPS Changes
Constellium (CSTM) 12-month price target was raised to $33 at Credit Suisse. Strong medium-term growth outlook from BiW, Credit Suisse said. Outperform rating.
EMC (EMC) 12-month price target was increased at BMO Capital to $30. Valuation call based on higher VMware (VMW - Get Report) stock price, BMO said. Outperform rating.
First Republic Bank
(FRC) 12-month price target was increased at BMO Capital to $58. FRC lifted its number, BMO said. Valuation call with the benefit of 100-basis point increase in interest rate, BMO said. Market Perform rating.
Nike (NKE) 12-month price target was raised at Credit Suisse to $80. Reported impressive revenue and earnings, with rev exceeding across all channels and geographies, Credit Suisse said. Neutral rating.
Silver Wheaton (SLW) 12-month price target was increased at BMO Capital to $31. Benefit from $13 tax recovery and increased 2014 production estimates, BMO said. Outperform rating.
Symantec (SYMC) 12-month price target was lowered to $17 at Bank of America/Merrill Lynch. Termination of CEO puts damper on feasibility of the 5/30 plan, BofA/Merrill said. Underperform.Thermo Fisher Scientific (TMO) 12-month price target was raised to $142 at Bank of America/Merrill Lynch. Company will continue to leverage its PPI strategy across the firm and business fundamentals look better with more academic funding, BofA/Merrill said. Buy rating. VMware (VMW - Get Report) 12-month price target was increased at BMO Capital to $124. Driven by inclusion of Air Watch acquisition, continued growth of non-stand-alone vSphere rev and strong ELA rollover pipeline, BMO Capital said. Market Perform rating.
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