NEW YORK (TheStreet) -- RATINGS CHANGES
American Express(AXP) - Get Report was downgraded at Nomura to neutral from buy. Twelve-month price target is $82. Earnings power to re-emerge longer term, but lack of catalysts keeps the stock range bound in the near term, Nomura said.
3D Systems(DDD) - Get Report was downgraded at Canaccord Genuity to hold from buy. Twelve-month price target is $27. Analysts are downgrading on lower expectations for long-term growth for the core business, based on the preannouncement and feedback from resellers and other industry participants, Canaccord Genuity said.
3D Systems was downgraded at Piper Jaffray to underweight from neutral. Twelve-month price target is $21. Expect a material guidance cut from management, Piper Jaffray said.
DST (DST) was downgraded at Credit Suisse to neutral from outperform. Valuation call, based on a 12-month price target of $126, Credit Suisse said.
Hancock (HBHC) was downgraded at Drexel Hamilton to neutral. Estimates were also cut, given the company's new guidance, Drexel Hamilton said.
Memorial Resource Development (MRD) was reinstated at Barclays with an overweight rating. Twelve-month price target is $23. Analysts expect a greater focus on development drilling (vs. delineation) in 2015 should yield greater efficiency gains while supporting strong volume growth, Barclays said.
Newmont Mining(NEM) - Get Report was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target is $30. Company is attractively valued and can continue to deliver consistent operating results, Credit Suisse said.
Stratasys(SSYS) - Get Report was downgraded at Canaccord Genuity to hold from buy. Twelve-month price target is $51. Analysts are downgrading as they believe growth for the core business slowed in the first quarter and this slowdown could continue, Canaccord Genuity said.
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This article was written by a staff member of TheStreet.