NEW YORK (TheStreet) -- RATINGS CHANGES
Ariad (ARIA) was upgraded at Jefferies to buy. Twelve-month price target is $14. Expect Iclusig to exceed low expectations in the coming quarters, Jefferies said.
BB&T (BBT) - Get BB&T Corporation Report was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target is $46.50. Estimates were also increased, given higher loan growth and cost-cutting efforts, Credit Suisse said.
Brocade (BRCD) was downgraded at Summit Research to sell. Twelve-month price target is $7. Outlook is deteriorating for the fibre channel business, Summit Research said.
[Read: Traders Look for Rebound In VMware]
Salesforce.com (CRM) - Get salesforce.com, inc. Report was upgraded at Deutsche Bank to buy from hold. Twelve-month price target is $65. Valuation call, as the stock is down 20% from its highs, Deutsche Bank said.
Covanta (CVA) - Get Covanta Holding Corporation Report was upgraded at Wedbush to outperform from neutral. Twelve-month price target is $23. Company is keeping a tight lid on costs and has good visibility for growth in the coming quarters, Wedbush said.
Covance (CVD) was upgraded at Piper Jaffray to overweight from neutral. Valuation call, based on a 12-month price target of $99, Piper Jaffray said.
Disney (DIS) - Get Walt Disney Company Report was upgraded at Topeka Capital to buy from hold. Twelve-month price target is $91. Expecting strong park results in the quarterly results later this week, Topeka Capital said.
Estee Lauder (EL) - Get Estee Lauder Companies Inc. Class A Report was downgraded to market perform from outperform at BMO Capital. Twelve-month price target is $76. Company is facing difficult comps, BMO Capital said.
Informatica (INFA) was upgraded at Bank of America/Merrill Lynch to neutral from underperform. Valuation call, based on a 12-month price target of $37.
International Rectifier (IRF) was upgraded to buy at TheStreet Ratings.
Lennox (LII) - Get Lennox International Inc. Report was upgraded at J.P. Morgan to overweight from neutral. Stock has pulled back, but the company can continue to gain market share, J.P. Morgan said. Twelve-month price target is $98.
[Read: Buying Beats Renting After Two Years in Half of U.S. Metro Areas]
Wesco (WCC) - Get WESCO International, Inc. Report was downgraded at J.P. Morgan to neutral from overweight. Twelve-month price target is $93. Consensus expectations are too high for both sales and margins, J.P. Morgan said.
Watts Water (WTS) - Get Watts Water Technologies, Inc. Class A Report was upgraded at Sterne Agee to buy. Twelve-month price target is $68. Stock is attractively valued, following the recent pullback, Sterne Agee said.
Editor's note: To see analysts' stock comments and changes to price targets and earnings estimates, go to "Street Notes" which is available only to Real Money subscribers. To find out how to become a subscriber, please click here.
>>Read More: Will This Upgrade Help Disney Today?
>>Read More: Why Amazon, Jeff Bezos Are in the Hot Seat Now
This article was written by a staff member of TheStreet.