NEW YORK (TheStreet) -- CHANGE IN RATINGS
Apple (AAPL) - Get Apple Inc. Report was upgraded at UBS to buy from neutral. Driven by stabilizing iPad gross margins, emergence of China Mobile and further new product rollout, UBS said. $650 price target.
Cobalt (CIE) was downgraded at Credit Suisse to neutral from outperform. $26 price target. Company is seeing lower production results, Credit Suisse said.
3D Systems (DDD) - Get 3D Systems Corporation Report was initiated with an outperform rating at FBR Capital Markets. $85 price target. Company should see better penetration rates and higher customer demand, FBR Capital Markets said.
Fortinet (FTNT) - Get Fortinet, Inc. Report was upgraded at Bank of America/Merrill Lynch to buy from neutral. $24 price target. Stock appears oversold following the recent CFO resignation, which appears to be for personal reasons, BofA/Merrill said.
Winthrop Realty Trust undefined was upgraded to buy at TheStreet Ratings.
Fusion-io (FIO) was downgraded at UBS to neutral from buy. Concern about management change and competitive environment, UBS said. $11 price target.
HollyFrontier (HFC) - Get HollyFrontier Corporation Report was upgraded at Bank of America/Merrill Lynch to buy. $60 price target. Company has lagged its peers during a seasonal rebound, BofA/Merrill said.
[Read: Apple, China Mobile: It's Here]
Myriad Genetics (MYGN) - Get Myriad Genetics, Inc. Report was downgraded at JMP Securities to market perform from outperform. Company could face lower reimbursement levels, JMP Securities said.
Total System (TSS) - Get Total System Services, Inc. Report was upgraded at Robert Baird to outperform from neutral. $38 price target. Organic revenue growth can re-accelerate in the coming years, Baird said.
Westar Energy (WR) was upgraded at Goldman Sachs to buy from neutral. $34 price target. Company is seeing lower costs and can deliver above-average dividend growth, Goldman said.
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Stock Comments / EPS Changes
Chipotle (CMG) - Get Chipotle Mexican Grill, Inc. Report estimates, price target were raised at Sterne Agee. Shares are now seen reaching $603. Estimates were also increased as the catering menu should help drive growth, Sterne Agee said. Buy rating.
Forest Labs (FRX) price target, EPS estimates were increased at UBS. Restructuring delivered $500 in cost savings and M&A activity in the short term, UBS said. $57 price target and neutral rating.
Valeant (VRX) price target was increased at UBS. Expectation of smaller accretive deals, UBS said. $125 price target and buy rating.
This article was written by a staff member of TheStreet.