Costco Wholesale (COST) - Get Report was initiated with a market perform rating at Wells Fargo. It's a valuation call, as the stock is already trading at more than 24 times earnings over the next 12 months, Wells said.
Cypress Semiconductor (CY) - Get Report was downgraded to equal-weight at Barclays. $11 price target. The valuation is less attractive, as takeover speculation has outpaced fundamental strength Wells said.
Packaging Corp. (PKG) - Get Report was upgraded to buy from neutral at Bank of America/Merrill Lynch. $92 price target. The company is attractively valued and has multiple potential catalysts, analysts said.
Yahoo! (YHOO) was downgraded to hold from buy at Needham. $40 price target. Verizon could walk away from the deal or cut its offer price, because of the hacking event, Needham said.
This article was written by a staff member of TheStreet.