Analysts' Actions -- AutoDesk, Salesforce, IBM, Intel and More
RATINGS CHANGES
Autodesk (ADSK) - Get Report was downgraded to sector perform from outperform at RBC Capital Markets. $65 price target. Analysts find the valuation less attractive, as the stock is up 50% since early October, RBC said.
Salesforce.com (CRM) - Get Report was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: CRM.
El Paso Electric (EE) - Get Report was downgraded to underperform from hold at Jefferies. Analysts do not find the valuation as attractive, based on their $34 price target, Jefferies said.
Hawaiian Electric (HE) - Get Report was downgraded to market perform from outperform at Wells Fargo. Analysts see a lower probability of the pending merger with NextEra Energy (NEE) - Get Report happening, Wells said.
IBM (IBM) - Get Report was initiated with an outperform rating at JMP Securities. $167 price target. The company is in the midst of a multi-year transformation, JMP said.
Intel (INTC) - Get Report was upgraded to outperform from market perform at JMP Securities. $45 price target. Checks point to strengthening cloud prospects, JMP said.
Mentor Graphics (MENT) was downgraded to sector weight at Pacific Crest. The company is being hurt by consolidation in the semiconductor space, Pacific Crest said.
Nimble Storage (NMBL) was downgraded to equal-weight from overweight at Barclays. $15 price target. The company missed quarterly expectations and cut forward guidance, Barclays said.
Restoration Hardware (RH) - Get Report was downgraded to neutral from buy at Goldman Sachs. $98 price target. Analysts find that the company's guidance will likely prove aggressive in the near term, Goldman said.
Staples (SPLS) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: SPLS.
Workday (WDAY) - Get Report was downgraded to neutral from outperform at Wedbush Securities. $84 price target. Analysts see several factors that are driving the company's decelerating growth, Wedbush said.
This article was written by a staff member of TheStreet.