NEW YORK (TheStreet) -- RATINGS CHANGES
Autodesk (ADSK) was upgraded to buy at Canaccord Genuity. $60 12-month price target. The company is leveraged to tailwinds in commercial construction, Canaccord said.
Abercrombie & Fitch (ANF) was downgraded to hold at TheStreet Ratings.
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Sotheby's (BID) was downgraded to hold at TheStreet Ratings.
IMS Health (IMS) was initiated with an equal weight rating at Barclays. $27 12-month price target. Consolidation in the pharma client could constrain multiples, Barclays said.
Lear (LEA) was upgraded at to buy from hold at Deutsche Bank. $100 12-month price target. The seating business may be at an inflection point, said Deutsche Bank.
Legg Mason (LM) was upgraded to buy at Citigroup. The company should see an inflection point in asset flows, Citi said.
Mannkind (MNKD) was upgraded to neutral from underweight at Piper Jaffray. $6.50 12-month price target. The company had a positive FDA panel and the valuation is more attractive ahead of the July 15 PDUFA, said Piper Jaffray.
MWI Veterinary Supply (MWIV) was initiated with a buy rating at UBS. $168 12-month price target. This was a valuation call, with the recent acquisition being more accretive than initially realized, UBS said.
Nielsen Holdings (NLSN) was initiated with an overweight rating at Barclays. $55 12-month price target. The company is driven by growth in the global middle class, modernization of global trade and media fragmentation, said Barclays.