NEW YORK (TheStreet) -- RATINGS CHANGES
BB&T (BBT) was upgraded from market perform to outperform at Wells Fargo. Investor expectations have been reset and the company is the best bank in town, Wells said.
Cardtronics (CATM) was upgraded to buy at TheStreet Ratings.
Cerner (CERN) was upgraded from market perform to outperform at Wells Fargo. The Siemens transaction is an excellent use of cash, Wells said.
Datalink (DTLK) was upgraded to buy at TheStreet Ratings.
First Solar (FSLR) was upgraded from hold to buy at Needham. $75 12-month price target. The company could split up the business to increase shareholder value, Needham said.
General Electric (GE) was upgraded from market perform to outperform at Bernstein. $33 12-month price target. The stock has lagged, but management is cutting costs and the company is leveraged to the industrial cycle, Bernstein said.
Groupon (GRPN) was downgraded from buy to hold at Wunderlich. $6 12-month price target. The company is seeing lower growth in its local business, Wunderlich said.
Itron (ITRI) was upgraded from sell to hold at Brean Capital. This was a valuation call, after the company posted solid quarterly results, Brean said.
Jamba (JMBA) was upgraded to buy at TheStreet Ratings.
Michaels (MIK) was initiated with an equal-weight rating at Morgan Stanley. $16 12-month price target. The company will likely post below-average earnings growth in the near term, said Morgan Stanley.