Analysts' Actions -- Darden, MetLife, Pandora, Yelp and More
RATINGS CHANGES
Cable One (CABO) - Get Report was initiated with a hold rating at TheStreet Ratings.
Darden Restaurants (DRI) - Get Report was downgraded to market perform from outperform at Wells Fargo. The casual dining same-store sales declines are accelerating, Wells said.
Host Hotels (HST) - Get Report was downgraded to underweight at JPMorgan. $15 price target. The company is leveraged to decelerating industry pricing trends, JPMorgan said.
MetLife (MET) - Get Report was downgraded to hold from buy at Deutsche Bank. $44 price target. The company is leveraged to lower interest rates and lacks near-term catalysts, Deutsche said.
Mead Johnson (MJN) was upgraded to neutral from underperform at Bank of America/Merrill Lynch. $93 price target. Stabilizing sales and regulations should help earnings visibility, analysts said.
NuVasive (NUVA) - Get Report was upgraded to outperform from neutral at JPMorgan. $74 price target. Sales growth can re-accelerate, which should lead to margin expansion, JPMorgan said.
Pandora (P) was upgraded to overweight from neutral at Piper Jaffray. $18 price target. The company is approaching an inflection point, Piper said.
Pebblebrook Hotel Trust (PEB) - Get Report was upgraded to buy at TheStreet Ratings.
Public Service Enterprise Group (PEG) - Get Report was upgraded to equal-weight at Morgan Stanley. $47 price target. The stock has lagged, the but company has stronger utility earnings power, Morgan Stanley said.
Robert Half (RHI) - Get Report was downgraded to neutral from buy at Bank of America/Merrill Lynch. $44 price target. The company is leveraged to currency changes and a weaker macro outlook, analysts said.
Whiting Petroleum (WLL) - Get Report was upgraded to outperform from neutral at Credit Suisse. The debt swap has created a compelling entry point, Credit Suisse said.
Wright Medical (WMGI) - Get Report was upgraded to overweight from neutral at JPMorgan. $26 price target. The new analyst believes that guidance is conservative, JPMorgan said.
Yelp (YELP) - Get Report was downgraded to underperform from market perform at Wells Fargo. The company will likely struggle to meet long-term margin targets, Wells said.
This article was written by a staff member of TheStreet.