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CHANGE IN RATINGS
was downgraded at Wunderlich to hold from buy. Valuation call, based on a $56 price target, Wunderlich said.
was downgraded at UBS to neutral from buy. Connectivity headline risk, said UBS. Price target goes to $30.
was downgraded at UBS to neutral from buy. The sale to Land & Buildings is unlikely, said UBS. Price target goes to $55.
was upgraded at Credit Suisse to outperform from neutral. XenMobile and the partnership with Cisco are expected to reaccelerate growth, Credit Suisse said.
was upgraded at Benchmark to buy from hold. $60 price target. The defense backlog is improving in a challenging environment, Benchmark said.
was initiated with a buy rating and $30.83 price target at Benchmark.
can drive near-term growth, Benchmark said.
was upgraded to buy at TheStreet Ratings.
was upgraded at Wunderlich to buy from hold. $75 price target. Company has competitive advantages, especially in mobile, Wunderlich said.
was upgraded at FBR Capital Markets to market perform from underperform. $32 price target. The outlook is improving in Europe, and investors are favoring industrial names, FBR Capital Markets said.
was downgraded at Cantor Fitzgerald to sell from hold. The loss of two late-stage clinical programs outweighs second-quarter 2013 performance. Price target is $37.
was downgraded at UBS to neutral from buy. Valuation and slowing wireless growth, said UBS. Price target is $40.
was upgraded at Cantor Fitzgerald to buy from hold. $250 price target. Long-term outlook continues to improve, Cantor Fitzgerald said.
was downgraded at UBS to neutral from buy. Reflects breakdown of a potash cartel, said UBS. Price target goes to $40.
was upgraded at Morgan Stanley to overweight from equal-weight. Price target is $41. Management has outlined key future growth opportunities, and the current valuation is attractive, Morgan Stanley said.
Mylan was downgraded at Needham to buy from strong buy. Valuation call, based on a $40 price target, Needham said.
was downgraded at UBS to neutral from buy. Based on valuation, said UBS. Price target goes to $24, UBS said.
was downgraded at Wunderlich to hold from buy. $42 price target. Gross margin may be peaking, Wunderlich said.
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was downgraded at Needham to hold from buy. Media revenue growth is slowing down, Needham said.
was downgraded at Leerink Swann to market perform from outperform. Price target is $34. Benefits of the new pipeline have been priced into the stock, Leerink Swann said.
was downgraded to hold at TheStreet Ratings.
Stock Comments / EPS Changes
numbers were raised at UBS. Estimates were increased given cost reductions, said UBS. Price target goes to $17.50.
Automatic Data Processing
price target was raised at Citigroup to $73. Reflects valuation being rolled forward and higher market multiples, said Citigroup.
numbers were raised at UBS. Estimates were increased on margin expansion and new leverage to the capital structure, said UBS. Price target goes to $21.
numbers were decreased at BMO Capital. Earnings estimates were decreased on the second-half 2013 operating margin headwind from foreign exchange, excess Chinese boutique inventory, and falling U.S. sales, said BMO Capital Markets. Price target was decreased to $26.
Blackstone Mortgage Trust
estimates were raised at Citigroup. Solid loan growth, said Citigroup. Price target is $27.
numbers were raised at UBS. Estimates were raised for deal amortization and increased AssuraMed contribution, said UBS. Price target goes to $58.
numbers were raised at Oppenheimer. Shares are now seen reaching $52. Estimates were also raised on the strong quarter and expected margin growth, Oppenheimer said.
numbers were cut at UBS. Estimates were reduced given increased costs, lower volumes and lower clearing revenues, said UBS. Price target goes to $83.
estimates were cut at UBS. Estimates were reduced given weakness in Latin America, said UBS. Price target is $62.
was price target raised at Citigroup to $106. Guidance was raised, and the multiple has expanded, said Citi.
numbers were raised at BMO Capital Markets. Shares are now seen reaching $61. Brand building efforts and new product innovation are helping to achieve sustainable long-term growth, BMO Capital Markets said.
numbers were reduced at BMO Capital. Earnings estimates were lowered on expected second-half 2013 softness in Asia and the Middle East, said BMO Capital Markets, Price target was decreased to $45.
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This article was written by a staff member of TheStreet.