NEW YORK (TheStreet) -- RATINGS CHANGES
Colony Financial (CLNY) - Get Report was upgraded at Sterne Agee to buy from neutral. Twelve-month price target is $27. Company is looking to bring the asset management business in house, which could add to earnings, Sterne Agee said.
Watch the video below for more of Wednesday's analysts' actions:
Discovery (DISCA) - Get Report was upgraded at Pivotal Research to buy from hold. Twelve-month price target is $40. Valuation call, as the quarter was not as bad as it appeared, Pivotal Research said.
Discovery was downgraded at Sterne Agee to neutral from buy. Twelve-month price target is $35.50. Estimates were also cut, as domestic advertising growth will likely remain weak, Sterne Agee said.
Santander Consumer (SC) - Get Report was downgraded at Bank of America/Merrill Lynch to neutral from buy. Twelve-month price target is $19. Poor credit results are cutting into earnings, Bank of America/Merrill Lynch said.
Santander Consumer was downgraded at Wells Fargo to market perform from outperform. Company is being hurt by an uncertain credit environment, Wells Fargo said.
Sykes Enterprises (SYKE) - Get Report was downgraded at Wells Fargo to market perform from outperform. Valuation call, as the stock has performed well, but the company has a lower outlook for 2015, Wells Fargo said.
Time (TIME) was upgraded at FBR Capital Markets to outperform from market perform. Twelve-month price target is $27. Valuation call, based on expected free cash flow improvement, FBR Capital Markets said.
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This article was written by a staff member of TheStreet.