NEW YORK (TheStreet) -- RATINGS CHANGES
Becton Dickinson (BDX) - Get Becton, Dickinson and Company Report was upgraded to buy from neutral at Bank of America/Merrill Lynch. $163 12-month price target. The Carefusion deal could add 20% to earnings, BofA/Merrill said.
Biogen Idec (BIIB) - Get Biogen Inc. Report coverage was initiated with an overweight rating at Barclays. $425 12-month price target. The company has a solid pipeline and Tecfidera should drive growth, Barclays said.
Infoblox (BLOX) was upgraded to buy from hold at Deutsche Bank. $23 12-month price target. Deal closing rates are improving, Deutsche Bank said.
CH Robinson (CHRW) - Get C.H. Robinson Worldwide, Inc. Report was upgraded to sector perform from underperform at RBC Capital. $80 12-month price target. Earnings headwinds should subside in the new year, RBC Capital said.
Centene (CNC) - Get Centene Corporation Report was upgraded to outperform from market perform at BMO Capital. $118 12-month price target. The company has cleared reform hurdles and can deliver rapid growth, BMO said.
Rockwell Collins (COL) was upgraded to neutral from underperform at Bank of America/Merrill Lynch. $90 12-month price target. Estimates were also upped, as the information management services business should drive growth, BofA/Merrill said.
Catamaran (CTRX) was downgraded to underweight from equal-weight at Morgan Stanley. $50 12-month price target. Growth is decelerating, Morgan Stanley said.
Forward Air (FWRD) - Get Forward Air Corporation Report was downgraded to sector perform from outperform at RBC Capital. The company will likely faced higher purchased transportation costs, RBC Capital said.
General Electric (GE) - Get General Electric Company Report was downgraded to hold from buy at Deutsche Bank. $28 12-month price target. The company faces multiple earnings headwinds, Deutsche Bank said.
Huntington Ingalls (HII) - Get Huntington Ingalls Industries, Inc. Report was upgraded to buy from neutral at Bank of America/Merrill Lynch. $130 12-month price target. The company is using strong free cash flow to pay down debt, BofA/Merrill said.
Janus (JNS) was upgraded to neutral from underperform at Credit Suisse. Industry fundamentals should improve in the new year, Credit Suisse said.
Michael Kors (KORS) was downgraded to neutral from outperform at Credit Suisse. $79 12-month price target. The company is facing increased competition, Credit Suisse said.
Netsuite (N) was cut to equal-weight at Barclays. This was a valuation call.
Oracle (ORCL) - Get Oracle Corporation Report was upgraded to overweight from neutral at Piper Jaffray. $49 12-month price target. CIO survey suggests that cloud businesses should see higher spending, Piper Jaffray said.
Constellation Brands (STZ) - Get Constellation Brands, Inc. Class A Report was upgraded to buy from neutral at Goldman Sachs. $117 12-month price target. Estimates also increased, as the company should see accelerating domestic growth, Goldman said.
Travelers (TRV) - Get Travelers Companies, Inc. Report was downgraded to market perform from outperform at FBR Capital Markets. Commercial lines pricing will likely remain challenged, FBR Capital Markets said.
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This article was written by a staff member of TheStreet.