NEW YORK (TheStreet) -- CHANGE IN RATINGS
GT Advanced (GTAT) was upgraded to outperform from neutral at Credit Suisse. Twelve-month price target is $24. Polysilicon and sapphire prices are rising, said Credit Suisse.
Prudential(PRU) - Get Report was upgraded to buy from neutral at Bank of America/Merrill Lynch. Twelve-month price target is $103. Strong earnings power should support a solid return on equity over the next few years, said BofA/Merrill.
Quality Systems (QSII) was upgraded to market perform from underperform at FBR Capital Markets. This was a valuation call, said FBR.
Stock Comments / EPS Changes
Aetna (AET) price target increases at Jefferies. This is due to tailwinds from the Coventry accretion and buybacks. $87 12-month price target and buy rating, Jefferies said.
NetApp(NTAP) - Get Report estimates and target were reduced at Sterne Agee. Shares of NTAP are now seen reaching $36, according to Sterne Agee. Estimates were also cut, as the company is facing increased competition. Neutral rating.
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PVH(PVH) - Get Report estimates and target were lowered at Piper Jaffray. PVH estimates were cut through 2016. The company is seeing slower domestic sales and investing more in future growth. Overweight rating and new $146 12-month price target, Piper said.
Staples (SPLS) estimates and target were cut at J.P. Morgan. Shares of SPLS are now seen reaching $12. Estimates were also reduced, as the company is seeing declining sales, said J.P. Morgan. Neutral rating.
Safeway (SWY) price target was increased at Jefferies. The company announced that it reached an agreement to be acquired by a PE consortium led by Cerberus. $40 12-month price target and hold rating, said Jefferies.
This article was written by a staff member of TheStreet.