NEW YORK (
CHANGE IN RATINGS
Archer Daniels Midland
downgraded at Citigroup to Neutral from Buy, Citigroup said. $32 price target. US corn crop in danger due to drought conditions.
China Cord Blood
upgraded to hold at TheStreet Ratings
rated new Underperform at BofA Merrill. $17 price target. Consensus expectations are too high.
downgraded at Oppenheimer to Perform from Outperform, Oppenheimer said. Valuation now fair.
downgraded at Jefferies to Hold from Buy, Jefferies said. $55 price target. Weaker EU demand.
upgraded at Deutsche Bank to Buy from Hold, Deutsche Bank said. $23 price target. Long- term boom in US oil and gas.
downgraded at Deutsche Bank to Hold from Buy, Deutsche Bank said. $54 price target. Valuation call.
National Electricity Company of Chile
upgraded to Buy at TheStreet Ratings.
rated new Overweight at JPMorgan at Overweight, JPMorgan said. $30 price target. Attractive long-term growth story.
KKR & Co
upgraded at Oppenheimer to Outperform from Perform, Oppenheimer said. $18 price target. Great progress in monetizing investments.
downgraded at Jefferies to Hold from Buy, Jefferies said. $21 price target. Demand deteriorating. Hold rating.
upgraded at Deutsche Bank to Buy from Hold, Deutsche Bank said. $42 price target. Premium unconventional oil play.
downgraded at Jefferies to Hold from Buy, Jefferies said. $24 price target. Softer trends in 2Q12.
upgraded at Morgan Stanley to Overweight from Equal-weight, Morgan Stanley said. $29 price target. Refi wave persists and reps and warranties fade.
Tiffany & Co
upgraded at Canaccord to Buy from Hold. $63 price target. Rare entry point for top global luxury brand.
United Parcel Service
downgraded at Deutsche Bank to Hold from Buy. $82 price target. Near fair value given European uncertainty.
STOCK COMMENTS / EPS CHANGES
Check Point Software
numbers lowered at Jefferies. Shares of CHKP now seen reaching $57, Jefferies said. Estimates also lowered on caution in the third quarter. Buy rating.
numbers lowered at Oppenheimer. Shares of FFIV now seen reaching $130, Oppenheimer said. Estimates also lowered on tough September targets. Outperform rating.
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This article was written by a staff member of TheStreet.