NEW YORK (TheStreet) -- RATINGS CHANGES
Arcadia Biosciences (RKDA) - Get Report was initiated at outperform by Credit Suisse, which set a 12-month price target of $14. Arcadia is a best-in-class agricultural technology company that is in a good position to benefit from the need to enhance yield productivity, Credit Suisse said.
Cinemark (CNK) - Get Report was upgraded to buy from hold by Topeka Capital, which set a 12-month price target of $47. Topeka said the upgrade is a valuation call, as the stock has pulled back 14% in the past eight weeks.
Noble Energy (NBL) - Get Report was upgraded to neutral from reduce by Nomura, which set a 12-month price target of $48. The stock has lagged, but the company has potential catalysts for the second half of the year, Nomura said.
Salesforce.com (CRM) - Get Report was initiated at buy by Wunderlich, which set a 12-month price target of $85, noting that the company is a market leader and can continue to expand margins in the coming quarters.
ServiceNow (NOW) - Get Report was inititated at buy by MKM Partners, which set a 12-month price target of $90. MKM said the company's SaaS-based platform provides a competitive advantage against the legacy information-technology service-management providers and pointed to the company's larger service-management strategy, which provides for a larger market opportunity and differentiation and which allows ServiceNow to be more strategic to its customers.
This article was written by a staff member of TheStreet.