NEW YORK (TheStreet) -- RATINGS CHANGES
Alcatel Lucent (ALU) was upgraded at Jefferies to hold from underperform. Pessimism in the name suggests a balanced risk/reward opportunity, Jefferies said. Twelve-month price target is lowered to $2.53 from $3.
Boeing (BA) - Get Report was downgraded at Credit Suisse to neutral from outperform. Twelve-month price target is $133. Free cash flow boost will be slowed by a delay in cost-cutting efforts, Credit Suisse said.
Alibaba (BABA) - Get Report was initiated at Barclays with an overweight rating. Leading e-commerce ecosystem has considerable potential because of its monetization rate and multiple catalysts ahead, Barclays said. Twelve-month price target is $107.
Boston Scientific (BSX) - Get Report was upgraded at Goldman Sachs to neutral from sell. Twelve-month price target is $13. Valuation call, as the company can sustain higher growth, Goldman Sachs said.
Boston Scientific was upgraded at Benchmark to buy from hold. Twelve-month price target is $15. Company continues to see sales improvement, Benchmark said.
Citrix Systems was downgraded at Drexel Hamilton to hold from buy. Company is seeing lower license sales, Drexel Hamilton said.
Dow Chemical (DOW) - Get Report was upgraded at Deutsche Bank to buy from hold. Twelve-month price target is $58. Stock is down 13% over the past month, but the company should benefit from lower input costs, Deutsche Bank said.
IHS (IHS) was upgraded at Stifel Nicolaus to buy from hold. Twelve-month price target is $150. Valuation call, as the stock is down 11% from its highs, Stifel Nicolaus said.
UniFirst (UNF) - Get Report was upgraded at Robert Baird to outperform from neutral. Twelve-month price target is $127. Sales trends are improving and the company has a solid balance sheet, Robert Baird said.
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This article was written by a staff member of TheStreet.