NEW YORK (
CHANGE IN RATINGS
was upgraded at Jefferies to buy from hold. Price target is $57. Transition to the Creative Cloud model predicted to increase growth and margins, Jefferies said.
was initiated with a buy rating at Deutsche Bank. $205 price target. Company is leveraged to rising demand for private-label cards, Deutsche Bank said.
was downgraded to sell at TheStreet Ratings.
Buffalo Wild Wings
was upgraded at Morgan Stanley to overweight. Improving margins beginning in the second half of 2013, Morgan Stanley said. Falling food prices could lower operating expenses and improve sequential earnings, Morgan Stanley said.
was initiated with a buy rating at Sterne Agee. $429 price target. Company can continue to gain market share, Sterne Agee said.
was downgraded at Morgan Stanley to equal-weight. Continued deceleration in casual dining SSS, Morgan Stanley said. Strong ROC and FCF generation are still intact, Morgan Stanley also said.
was upgraded to buy at TheStreet Ratings.
was upgraded at Credit Suisse to outperform from neutral. $38 price target. California should drive growth opportunities, Credit Suisse said.
was upgraded at Wunderlich to buy from hold. $29 price target. Liberty acquisition could be game-changing, Wunderlich said.
was upgraded at BMO Capital markets to outperform from market perform. $13 price target. More asset-sensitive than meets the eye, BMO Capital Markets said.
was upgraded at Bank of America/Merrill Lynch to buy from underperform. An improving cycle and increased memory spend and new technologies, said BofA/Merrill Lynch. Price target raised to $61.
was downgraded at Morgan Stanley to underweight from equal-weight. Company is expected to be a laggard in a growing industry, Morgan Stanley said.
was upgraded at Nomura to buy. Price target was raised to $18. Better-than-expected Vegas revenues have improved MGM's valuation despite relatively cheap P/E, Nomura said.
was downgraded at Citigroup to neutral from buy and given a $57 price target. The lack of a share buyback was a disappointment and there are deteriorating fundamentals, Citigroup said.
was downgraded at Goldman Sachs to sell from neutral. $28 price target. Domestic WLAN retail market is in a secular decline, Goldman said.
was upgraded at Wells Fargo to outperform from market perform. Earnings estimates are reasonable, and the cloud business could provide upside, Wells Fargo said. Price target range $46-$49.
Also see: Bond Risks Are Rising>>
STOCK COMMENTS/EPS CHANGES
estimates were increased at JMP Securities through 2014. Company is seeing better backlog conversion and expanding margins, JMP Securities said. Market Perform rating.
numbers were cut at DA Davidson. Shares are now seen reaching $16. Estimates were also reduced, given lower wood prices, DA Davidson also said. Neutral rating.
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This article was written by a staff member of TheStreet.