NEW YORK (TheStreet) -- RATINGS CHANGES
Applied Materials(AMAT) - Get Report was upgraded at Bank of America/Merrill Lynch to buy from neutral. Twelve-month price target is $25. Risk/reward is attractive at current levels, Bank of America/Merrill Lynch said.
Watch the video below for more of Wednesday's analysts' actions:
Baker Hughes (BHI) was upgraded at Sterne Agee to buy from neutral. Twelve-month price target is $72. Estimates cut, but the company has pulled back to an attractive price, Sterne Agee said.
Cavium (CAVM) was upgraded at JMP Securities to outperform from market perform. Twelve-month price target is $50. Recent industry checks suggest optimism about new product cycles, JMP Securities said.
CBS(CBS) - Get Report was upgraded at Citigroup to buy from neutral. Twelve-month price target is $60. Company traded at an attractive valuation and can buy back $6 billion of stock in the next two years, Citigroup said.
Treehouse(THS) - Get Report was downgraded at Keybanc to underweight from hold. Twelve-month price target is $70. Company is likely to lose significant market share in its Keurig business, Keybanc said.
United Natural(UNFI) - Get Report was upgraded at Piper Jaffray to overweight from neutral. Twelve-month price target is $74. Company is growing despite a slowdown at Whole Foods (WFM) , Piper Jaffray said.
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This article was written by a staff member of TheStreet.