NEW YORK (TheStreet) -- RATINGS CHANGES
Freeport-McMoran (FCX) was upgraded at Bank of America/Merrill Lynch to buy from hold. Twelve-month price target is $42. Company is leveraged to higher expected copper pricing, Bank of America/Merrill said.
GNC (GNC) was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target is $43. Valuation call, as the company has strong management, Credit Suisse said.Read More: Jeff Bewkes Walked Away From at Least $95 Million in Cash Gulfport (GPOR) was upgraded at Stifel Nicolaus to buy from hold. Valuation call, based on a 12-month price target of $70. Gap (GPS) was initiated with a neutral rating at Credit Suisse. Twelve-month price target is $44. Company is investing more in future growth, which may limit near-term earnings, Credit Suisse said. Huntington Ingalls (HII) was upgraded at UBS to buy from neutral. Current price reflects flat EPS of $8 while analyst estimates $10-$14, UBS said. Liberty Global (LBTYA) was upgraded to hold at TheStreet Ratings. Krispy Kreme (KKD) was upgraded at Wedbush to outperform from neutral. Twelve-month price target is $24. Solid checks suggest sustained new unit growth, Wedbush said. Kinder Morgan (KMI) was upgraded at Bank of America/Merrill Lynch to buy. Twelve-month price target is $47. Consolidation should boost shareholder value, Bank of America/Merrill Lynch said. Read More: European, Asian Stocks Shrug Off Gloom Microstrategy (MSTR) was downgraded at Drexel Hamilton to sell. Twelve-month price target is $95. Estimates were also cut, as the company continues to face sales challenges, Drexel Hamilton said.
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