NEW YORK (TheStreet) -- RATINGS CHANGES
Amtrust Financial (AFSI) was upgraded at Compass Point to buy from neutral. Twelve-month price target is $49. Management can continue to deliver solid growth, Compass Point said.
Aruba Networks (ARUN) was upgraded at Oppenheimer to outperform from perform. Twelve-month price target is $24. Channel checks suggest stronger activity, Oppenheimer said.
Broadcom (BRCM) was downgraded at Nomura to neutral from buy. Twelve-month price target is $30. Company is likely not seeing enough design wins in LTE to drive earnings, Nomura said.DirecTV (DTV) was downgraded at Citigroup to neutral from buy. Valuation call, based on a 12-month price target of $82, Citigroup said. (ENDP) was upgraded at Morgan Stanley to overweight from equal-weight. Twelve-month price target is $79. Mesh settlement removes a multibillion dollar liability, Morgan Stanley said. Evercore Partners (EVR) was upgraded at UBS to buy from neutral. Valuation call, with uptick in industry activity, UBS said. Twelve-month price target is $63. Evercore Partners was upgraded at UBS to buy from neutral. Valuation call, with uptick in industry activity. $63 price target. General Dynamics (GD) was upgraded at Goldman Sachs to neutral from sell. Valuation call, based on a 12-month price target of $112, Goldman said. (KMT) was upgraded at Wells Fargo to outperform. See value as guidance cuts should be behind the company now, Wells Fargo said. Kodiak (KOG) was downgraded at Wunderlich to hold from buy. Twelve-month price target is $14. Company cut production guidance, Wunderlich said.
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