NEW YORK (TheStreet) -- RATINGS CHANGES
Alliance Data (ADS) was upgraded at Nomura to buy. Twelve-month price target is $300. PL portfolio can continue to drive growth, Nomura said.
Big Lots (BIG) was upgraded at Benchmark to buy. Twelve-month price target is $49. Operations appear to have turned around, Benchmark said.Brookdale Senior Living (BKD) was initiated at Jefferies with a buy rating. Pending acquisition of Emeritus (ESC) should drive synergies and incremental equity value, Jefferies said. Twelve-month price target is $40. (CENX) was upgraded at Bank of America/Merrill Lynch to neutral. Twelve-month price target is $14. Company is leveraged to higher aluminum prices, Bank of America/Merrill Lynch said. Global Eagle Entertainment (ENT) was downgraded to sell at TheStreet Ratings. Gaslog Partners (GLOP) was initiated at UBS with a buy rating. Significant built-in growth opportunities, UBS said. Twelve-month price target is $31. Dorian (LPG) was initiated at UBS with a buy rating. LPG market dynamics remain positive, UBS said. Twelve-month price target is $23. Microchip (MCHP) was downgraded at Goldman Sachs to neutral from buy. Valuation call, based on a 12-month price target of $49, Goldman said. Magnum Hunter (MHR) was upgraded at Stifel Nicolaus to buy from hold. Twelve-month price target is $11. Private placement removes any financing overhang, Stifel Nicolaus said.
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