NEW YORK ( TheStreet) -- CHANGE IN RATINGSALCO Stores ( ALCS) was downgraded to sell at TheStreet Ratings. Gamestop ( GME) was downgraded to hold at TheStreet Ratings. CIT Group ( CIT) was upgraded at Drexel Hamilton to buy from hold. Price target is $52. The termination of the agreement with the Fed bank of New York frees up $2 billion in excess capital to return to shareholders, Drexel Hamilton said. Chevron ( CVX) was downgraded at Jefferies to hold from buy. Valuation call, based on a $135 price target, Jefferies said. Hornbeck Offshore ( HOS) was upgraded at J.P. Morgan to overweight. $66 price target. Market is still not factoring in the company's ability to grow earnings and free cash flow, J.P. Morgan said.
Heartland Payment Systems ( HPY) was upgraded at Piper Jaffray to overweight from neutral. Price target is $42. Further operating margin expansion as well as improving food service spending should increase EPS growth, Piper Jaffray said. IHS ( IHS) was initiated with a hold rating at Deutsche Bank. Valuation call, based on a $110 price target, Deutsche said. Infinera ( INFN) was downgraded at Jefferies to hold from buy. INFN now trades at a reasonable premium compared to its sector, Jefferies said. Micros Systems ( MCRS) was downgraded at Compass Point to neutral from buy. $45 price target. Organic growth improvement has not materialized, Compass Point said.
Smithfield Foods ( SFD) was downgraded at DA Davidson to neutral. $34 price target. Company posted lower earnings, but the Shuanghui deal will likely go through, DA Davidson said. Ubiquiti Networks ( UBNT) was initiated with a buy rating and $21 price target at Bank of America. The company has significant growth potential by being the key player in the low-cost, high-performance networking gear market, Bank of America said.
STOCK COMMENTS/EPS CHANGES
Casey's ( CASY) estimates, price target raised at Goldman Sachs. Shares are now seen reaching $63. Estimates were also increased, given stronger realized sales, Goldman said. Neutral rating. Dollar Tree ( DLTR) price target was raised at J.P. Morgan. Focus on gross-margin growth led to a price target increase to $55/share, J.P. Morgan said. EBIT dollar and margin expansion are projected over the next year, J.P. Morgan also said.