NEW YORK (TheStreet) -- RATINGS CHANGES
Baker Hughes (BHI) was downgraded to market perform from outperform at Bernstein. $77 12-month price target. The stock is exiting value territory, and material positive revisions are now required, Bernstein said.
Coach (COH) was downgraded to hold at TheStreet Ratings.Concho (CXO) was downgraded to hold from buy at Wunderlich. $137 12-month price target. The company has guided to higher operating costs, Wunderlich said. Hillshire (HSH) was downgraded to neutral from overweight at JP Morgan. $36 12-month price target. The company is weakening its balance sheet with the acquisition of Pinnacle Foods and is now less of a takeover target itself, JP Morgan said. Hillshire (HSH) was upgraded to outperform from market perform at Wells Fargo. The Pinnacle acquisition offers diversification and earnings accretion, Wells Fargo said. (HUBG) was upgraded to buy from hold at Keybanc. $53 12-month price target. The company can deliver earnings upside in the coming quarters, Keybanc said.
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