NEW YORK (TheStreet) -- RATINGS CHANGES
Brocade (BRCD) was downgraded at Wunderlich to hold from buy. Twelve-month price target is $12. Company lacks near-term catalysts, Wunderlich said.
Montpelier Re Holdings (MRH) was upgraded at Barclays to equal-weight from underweight. Despite soft reinsurance market, there is less potential for downside based on projection for book-value growth, Barclays said. Twelve-month price target was raised to $37 from $29.
Nu Skin(NUS) - Get Report was initiated with a neutral rating at Citigroup. Twelve-month price target is $45. Expectations are down sharply, but still lack visibility on a potential turnaround, Citigroup said.
United Technologies(UTX) - Get Report was upgraded at Wells Fargo to outperform. Consensus expectations have come down to more reasonable level and the stock usually fares well ahead of its December analyst meeting, Wells Fargo said.
Williams Partners (WPZ) was upgraded at Jefferies to buy from hold. Company has derisked over last few weeks, and investor trepidation is likely to diminish following completion of Access Midstream Partners (ACMP) merger. Twelve-month price target was raised to $62 from $56, Jefferies said.
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This article was written by a staff member of TheStreet.