Broadcom: Analysts' Upgrades, Downgrades

Broadcom is downgraded at Wells Fargo from Outperform to Market Perform. Valuation call.
By TheStreet Staff ,

Editor's Note: Green and red arrows refer to intraday stock price movement.

NEW YORK (

TheStreet

) --

CHANGE IN RATINGS

Arch Capital

(ACGL) - Get Report

downgraded at BofA/Merrill to Neutral from Buy on valuation, Maintain $99 price target.

Broadcom

(BRCM)

downgraded at Wells Fargo from Outperform to Market Perform. Valuation call.

CBS

(CBS) - Get Report

rated a new Buy at UBS. Coverage of CBS was started with a Buy rating. $21 price target. Company has leverage to advertising and is keeping a lid on costs.

Cobalt

(CIE)

rated new Overweight at Morgan Stanley. Valuation call, based on a $17 price target.

Chipotle

(CMG) - Get Report

downgraded at Morgan Stanley from Overweight to Equal-weight. Valuation call, as the stock gained 200% over the past year.

CNA Financial

(CNA) - Get Report

upgraded at BofA/Merrill to Buy from Neutral. Valuation call, Bank of America/Merrill Lynch said. Maintain $32 price target

DuPont

(DD) - Get Report

upgraded at Citigroup from Hold to Buy. $59 price target. New management team has the company back on the right track.

eBay

(EBAY) - Get Report

downgraded at Citi to Hold from Buy on valuation, Citigroup said. Maintain $31 price target.

Ecolab

(IHS)

downgraded at Citi to Hold from Buy on slow recovery and valuation, Citigroup said. Price target sunk to $50 from $54.

IHS Inc

(IHS)

initiated at Credit Suisse with an Outperform rating and $90 price target. Attractive business model with strong management team and acquisition track record, Barclays said.

Kroger

(KR) - Get Report

downgraded at Barclays to Equal Weight from Overweight. Risk to sales as discounters take share and customers respond to aggressive promotions at its competitors, Barclays said. Price target lowered to $21 from $24.

Laboratory Corp of America

(LH) - Get Report

downgraded at Citi to Hold from Buy on valuation and lower expectations, Citigroup said. Price target raised to $87 from $80.

Marvell Technology

(MRVL) - Get Report

downgraded at Goldman from Buy to Neutral, Goldman Sachs said. $22 price target. Stock is already pricing in market share gains.

National Semiconductor

(NSM)

upgraded at FBR from Market Perform to Outperform, FBR Capital Markets said. Valuation call, based on a $20 price target.

PMC-Sierra

(PMCS)

upgraded at Goldman from Neutral to Buy said $10 price target. Inventory correction is largely complete.

Perrigo

(PRGO) - Get Report

rated new Buy at UBS. $72 price target. Company should continue to deliver solid growth.

Power-One

(PWER)

upgraded at Piper from Neutral to Overweight, Piper Jaffray said. $14 price target. Company is positioned to gain market share.

Savvis

(SVVS)

upgraded at BofA/Merrill to Buy from Neutral. Attractive valuation and industry leading growth, Bank of America/Merrill Lynch said. Price target raised to $33 from $25.

Safeway

(SWY)

downgraded at Barclays to Underweight from Equal Weight. Difficult promotional environment, Barclays said. Price target trimmed by a dollar to $19.

Ulta Salon

(ULTA) - Get Report

downgraded at Wells from Outperform to Market Perform, Wells Fargo said. Valuation call.

Verisk Analytics

(VRSK) - Get Report

initiated at Credit Suisse with an Outperform rating and $36 price target. Dominant info services player in insurance, Barclays said.

This article was written by a staff member of TheStreet.

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