NEW YORK (TheStreet) -- CHANGE IN RATINGS
Cordia Bancorp (BVA) was upgraded to hold at TheStreet Ratings.
Exelon (EXC) 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) 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) 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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