Autodesk: Analysts' Upgrades, Downgrades
Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (
) --
CHANGE IN RATINGS
Autodesk
(ADSK) - Get Autodesk Inc. Report
was upgraded from Hold to Buy at ISI Group. $43 price target. Company can gain market share and should benefit from an improving employment market.
Amgen
(AMGN) - Get Amgen Inc. Report
was initiated with a Neutral rating at UBS. $56 price target. Company likely to see lower sales in its base business.
Biogen Idec
(BIIB) - Get Biogen Inc. Report
was started with a Neutral rating at UBS. $66 price target. Company's best growth prospects are still in the pipeline, UBS said.
Brocade
(BRCD)
TheStreet Recommends
was upgraded at JMP Securities to Market Outperform. $7 price target. Recent checks with resellers were positive.
Celgene
(CELG) - Get Celgene Corporation Report
was initiated with a Buy rating at UBS. $69 price target. Revlimid should continue to drive the company's growth.
Centene
(CNC) - Get Centene Corporation Report
was upgraded from Underperform to Outperform at Oppenheimer. $28 price target. Company should benefit from Medicaid expansion.
Cree
(CREE) - Get Cree, Inc. Report
was upgraded at Morgan Keegan from Market Perform to Outperform. $75 price target. Sales headwinds should be gone by the end of the year.
Eaton Vance
(EV) - Get Eaton Vance Corp. Report
downgraded at Ticonderoga from Neutral to Sell. $25 price target. Company is seeing lower organic sales growth.
Gilead Sciences
(GILD) - Get Gilead Sciences Inc. Report
was initiated with a Buy rating at UBS. $44 price target. Company's HIV franchise should continue to generate significant cash flow, UBS said.
ITC Holdings
(ITC)
was upgraded at Barclays to Overweight from Equal Weight on higher earnings-growth guidance and strong project backlog. Price target raised to $69 from $66.
Joy Global
( JOYG) was downgraded at Sterne Agee from Buy to Neutral. Valuation call, based on an $82 price target.
Joy Global was downgraded at Morgan Stanley to Underweight. Valuation call, based on a $71 price target.
Joy Global was initiated with a Positive rating at Susquehanna. $91 price target. Company is a best-of-breed operator.
Kimberly-Clark
(KMB) - Get Kimberly-Clark Corporation Report
was initiated with a Hold rating at Deutsche Bank. $67 price target. Company still has large exposure to rising commodity costs.
Molycorp
(MCP)
was initiated with a Buy rating at Dahlman Rose. $43 price target. Company should continue to benefit from demand for rare earth metals.
Sprint Nextel
(S) - Get SentinelOne Inc. Class A Report
was upgraded at Piper Jaffray to Neutral from Underweight. Valuation call, based on a $3.50 price target.
Taubman Centers
(TCO) - Get Taubman Centers, Inc. Report
upgraded at Credit Suisse to Outperform from Neutral. Valuation call, Credit Suisse said. Price target raised to $53 from $45.
This article was written by a staff member of TheStreet.
