NEW YORK (TheStreet) -- RATINGS CHANGES
Allegheny (ATI) was downgraded at Keybanc to hold from buy. Estimates were also cut, given nickel volatility, Keybanc said.
Blackberryundefined was initiated with an in-line rating at Imperial Capital. Twelve-month price target is $10. Company will likely face continued headwinds in hardware and service businesses, Imperial Capital said.
Watch the video below for more of Tuesday's analysts' actions:
Becton Dickinson (BDX) was upgraded at Stifel Nicolaus to buy from hold. Twelve-month price target is $153. CareFusion deal makes both financial and strategic sense, Stifel Nicolaus said.
Citrix Systems (CTXS) was downgraded at Nomura to neutral from buy. Valuation call, based on a 12-month price target of $70.
Cree (CREE) was downgraded to hold at TheStreet Ratings.
Keurig Green Mountain (GMCR) was initiated with a buy rating at Goldman Sachs. Company is on the cusp of a multiyear growth story, Goldman Sachs said. Twelve-month price target is $166.
Hibbett (HIBB) was downgraded at Bank of America/Merrill Lynch to neutral from buy. Twelve-month price target is $47. Company is seeing slower sales and rising costs, Bank of America/Merrill Lynch.
Intercept (ICPT) was initiated with an outperform rating at JMP Securities. Twelve-month price target is $500. OCA product can drive growth, JMP Securities said.
International Paper (IP) was upgraded at Bank of America/Merrill Lynch to buy. Twelve-month price target is $55. See potential valuation upside in an MLP conversion for the containerboard business, Bank of America/Merrill said.
Ingersoll-Rand (IR) was upgraded at Goldman Sachs to buy from neutral. Twelve-month price target is $68. Domestic HVAC business should drive near-term growth, Goldman said.
Las Vegas Sands (LVS) was downgraded to hold from buy at Deutsche Bank. Twelve-month price target was lowered to $65 from $74 as competitive advantages wane and growth slows, Deutsche said.
MGM Resorts (MGM) was upgraded at Deutsche Bank to buy from hold. Company is less sensitive to Macau risks than peers and domestic growth looks strong, Deutsche said.
Verifone (PAY) was initiated with an outperform rating at Pacific Crest. Twelve-month price target is $39. Security concerns and Apple Pay could drive retailers to invest more on technology, Pacific Crest said.
Twin Disc (TWIN) was downgraded to hold at TheStreet Ratings.
Time Warner (TWX) was initiated with a buy rating at MKM Partners. Twelve-month price target is $90. Company should benefit from solid domestic affiliate fee growth, MKM Partners said.
Wellcare (WCG) was upgraded at Sterne Agee to buy. Twelve-month price target is $72. Estimates also increased, as the company can expand margins, Sterne Agee said.
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This article was written by a staff member of TheStreet.