NEW YORK (TheStreet) -- RATINGS CHANGES
Akamai (AKAM) - Get Report was initiated with a hold rating at Deutsche Bank. Twelve-month price target is $73. Company is facing currency pressure that is not yet reflected in consensus expectations, Deutsche Bank said.
EMC (EMC) was downgraded at FBN Securities to sector perform from outperform. Twelve-month price target is $27. Checks show a weak enterprise storage market and increased competition, FBN Securities said.
Meritage (MTH) - Get Report was downgraded at J.P. Morgan to underweight from neutral. Twelve-month price target is $43. Expect group to underperform through the summer after a strong year-to-date rally, J.P. Morgan said.
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This article was written by a staff member of TheStreet.