NEW YORK (TheStreet) -- RATINGS CHANGES
Boulder Brands (BDBD) was downgraded to hold at TheStreet Ratings.
L-3 Communications (LLL) - Get Report was upgraded to outperform from neutral at Credit Suisse. $145 12-month price target. This was a valuation call, based on the company's attractive free cash flow, Credit Suisse said.
Nationstar Mortgage Holdings (NSM) was downgraded to hold from buy at Jefferies. $32 12-month price target. This was driven by lower servicing margins and slower UPB growth, Jefferies said.
Protective Life (PL) was upgraded to buy from underperform at Bank of America/Merrill Lynch. $62 12-month price target. The company has the best free cash flow outlook in the industry, said BofA/Merrill.
CafePress (PRSS) was upgraded to hold at TheStreet Ratings.
Prudential (PRU) - Get Report was upgraded to buy from hold at Deutsche Bank. $96 12-month price target. This was a valuation call, as the company is trading at a 20% discount to its peers, Deutsche said.
Torchmark (TMK) was downgraded to neutral from buy at Bank of America/Merrill Lynch. This was a valuation call, based on an $87 12-month price target, BofA/Merrill said.
Time Warner Telecom (TWTC) was upgraded to buy at Citigroup. $37 12-month price target. Expect revenue growth to accelerate and the company to return more capital to shareholders, said Citi.
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Walter Investment Management (WAC) was downgraded to hold from buy at Jefferies. $27 12-month price target. This was driven by increased compliance costs and potentially higher capital costs, said Jefferies.
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