NEW YORK (TheStreet) -- RATINGS CHANGES
FTI Consulting (FCN) was upgraded at William Blair to outperform from market perform. Management is making solid progress on turning the business around, William Blair said.
Goldcorp (GG) was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target is $33. Sector pullback has created an attractive buying opportunity, Credit Suisse said.
Medivation (MDVN) was downgraded at Goldman Sachs to neutral from buy. Valuation call, based on a 12-month price target of $110.
Marvell (MRVL) was upgraded at JMP Securities to market perform from underperform. Estimates were also increased, given accelerating 4G growth in China, JMP said.
Morgan Stanley (MS) downgraded at J.P. Morgan to neutral. Returns in the FICC business are inadequate, J.P. Morgan said.
Old National (ONB) was upgraded at Sterne Agee to buy. Twelve-month price target is $16.25. Company is shifting focus to organic growth and operating leverage, Sterne Agee said.
PAR Technology (PAR) was upgraded to hold at TheStreet Ratings.
Pembina Pipeline (PBA) was upgraded to buy at TheStreet Ratings.
State Street (STT) was initiated with a buy rating at Citigroup. Twelve-month price target is $90. Company has lagged its peers, but has potential operating leverage, Citigroup said.
Skyworks (SWKS) was initiated with a buy rating at MKM Partners. Twelve-month price target is $68. Company has a solid track record and can achieve $5 annual earnings, MKM Partners said.
Trimas (TRS) was downgraded at Wells Fargo to market perform from outperform. Estimates were also cut, given lower sales and margin expectations, Wells Fargo said.
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This article was written by a staff member of TheStreet.