NEW YORK (
CHANGE IN RATINGS
was downgraded at Deutsche Bank to hold from buy. Valuation call, based on a $57 price target, Deutsche said.
was downgraded at Citigroup to neutral from buy. Valuation call, based on a $97 price target, Citi said.
was downgraded to sell at TheStreet Ratings.
was upgraded at Drexel Hamilton to buy from hold. $38 price target. Broadband and multimedia businesses should drive growth, Drexel Hamilton said.
was downgraded at Goldman Sachs to neutral from buy. Valuation call, based on a $49 price target, Goldman said.
was cut from the U.S. Focus List at Credit Suisse. Valuation call, based on a $118 price target, Credit Suisse said.
was upgraded at Pivotal Research to hold from sell. $82 price target. Stock has pulled back to a more realistic valuation, Pivotal said.
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was upgraded at Argus to buy from hold. $47 price target. Company will likely sell some commodity businesses and is leveraged to improving economic activity, Argus said.
was upgraded at Citigroup to buy from neutral. $80 price target. Regulatory overhangs have been lifted, Citi said.
was downgraded at Wells Fargo to underperform from market perform. Commodity and consumer headwinds will challenge near-term growth, Wells said.
was downgraded at Robert Baird to neutral from outperform. Industry appears to be in the later innings of the current cycle, Baird said.
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was downgraded at Jefferies to hold from buy. Valuation call, based on a $61 price target, Jefferies said.
was added to the Best Ideas List at Wedbush. Company has several potential near-term catalysts, said Wedbush. $78 price target
was initiated with an overweight rating at J.P. Morgan. $75 price target. Company has cyclical growth potential and can improve its operations, J.P. Morgan said.
was downgraded at Piper Jaffray to neutral from overweight. $67 price target. High-end smartphone demand is falling, Piper Jaffray said.
was upgraded at Oppenheimer to outperform from perform. $20 price target. Stock offers an attractive risk/reward at current levels, Oppenheimer said.
was upgraded at Goldman Sachs to buy from sell. $69 price target. Company is using its solid balance sheet to buy back stock, Goldman Sachs said.
was upgraded to buy at TheStreet Ratings.
was added to the U.S. Focus List at Credit Suisse. Company should see a higher sales ramp in cloud services, Credit Suisse said. $46 price target.
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was downgraded at Morgan Stanley to underweight from equal-weight. Consensus estimates are likely too high and see better value in
was downgraded at Needham to hold from buy. Valuation call, as the stock is up more than 20% over the past six weeks and trades at a premium to its peers, Needham said.
was downgraded underperform from neutral at Bank of America/Merrill Lynch. Valuation call, based on a $33 price target, BofA/Merrill said.
was upgraded at Williams to buy from hold. $64 price target. Company deserves a higher valuation multiple, Williams said.
Stock Comments / EPS Changes
estimates, price target were reduced at Jefferies. Shares are now seen reaching $42. Estimates were also cut, as field work shows no improvement expected for the second half of the year, Jefferies said. Buy rating.
estimates, price target were increased at JMP Securities. Estimates were increased through 2014. Channel checks show a rebound in demand, JMP said. Outperform rating and new $22 price target.
numbers were raised at Citigroup. Shares are now seen reaching $24. Estimates were also increased, given improving earnings momentum, Citi said. Buy rating.
estimates, price target were cut at Piper Jaffray. Estimates were reduced through 2014. Company is losing market share, Piper Jaffray said. Overweight rating and new $34 price target.
estimates were reduced at UBS. Estimates were cut through 2014. Company is seeing slower growth across the board, UBS said. Neutral rating and new $125 price target.
numbers were raised at Keybanc. Shares are now seen reaching $34. Estimates were also increased, as the company has a lot of earnings momentum, Keybanc said. Buy rating.
estimates, price target were raised at Credit Suisse. Shares are now seen reaching $137. Estimates were also increased, as the company is realizing higher margins, Credit Suisse said.
estimates, price target were cut at UBS. Estimates were reduced through 2014. Company is spending more on its Kemper project, UBS said. Neutral rating and new $46 price target.
estimates, price target were boosted at Credit Suisse. Shares are now seen reaching $71. Estimates were also upped, as the company has several potential near-term catalysts, Credit Suisse said.
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This article was written by a staff member of TheStreet.