NEW YORK ( TheStreet) -- CHANGE IN RATINGSAddvantage Technologies ( AEY) upgraded to buy at TheStreet Ratings. First Majestic Silver ( AG) downgraded to hold at TheStreet Ratings. Avon Products ( AVP) upgraded at B. Riley Caris from neutral to buy, B. Riley Caris said. $26 price target. Turnaround may not be smooth, but is occurring. Avon upgraded at UBS to neutral from sell, UBS said. $21 price target. Despite strong quarter, recovery will not be linear. Armstrong World Industries ( AWI) upgraded at Citigroup to buy from neutral, Citigroup said. $67 price target. Improving nonresidential construction and low expectations. Cliffs Natural Resources ( CLF) downgraded at Citigroup to neutral from buy, Citigroup said. $36 price target. Deeper issues than perceived. Cliffs Natural downgraded at Deutsche from buy to hold, Deutsche Bank said. $38 price target. Unexpected share issuance will cause 19% to 21% dilution. Comcast ( CMCSA) upgraded at Credit Suisse from neutral to outperform, Credit Suisse said. $48 price target. NBC Universal buyout is a positive and the company will return more cash to shareholders. Dell ( DELL) downgraded at Bernstein from outperform to market perform, Bernstein Research said. Valuation call, based on a $15 price target. Fossil ( FOSL) downgraded at FBR from market perform to underperform, FBR Capital Markets said. $95 price target. Earnings growth is decelerating. Groupon ( GRPN) upgraded at Sterne Agee from neutral to buy, Sterne Agee said. $9 price target. Contrarian call, based on the company's long-term prospects. Heinz ( HNZ) downgraded at UBS to neutral from buy, UBS said. $62 price target. Progress in restoring core US momentum remains slow. Ironwood Pharmaceutical ( IRWD) upgraded at Wedbush to neutral from underperform, Wedbush said. $13 price target. LINZESS strong out of the gates. Molina Healthcare ( MOH) upgraded at BofA to buy from neutral, Bank of America Merrill Lynch said. $41 price target. Strong momentum and HCR tailwinds. Owens Corning ( OC) downgraded at Citigroup to neutral from buy, Citigroup said. $48 price target. Valuation call. Protective Life ( PL) upgraded at BofA to neutral from underperform, Bank of America Merrill Lynch said. $33 price target. M&A could yield further EPS upside.
Philip Morris International ( PM) upgraded at Nomura to neutral, Nomura said. $94.80 price target. Stock is factoring in the risk of slower growth in Asia. Pioneer Natural ( PDX) rated new outperform at Credit Suisse. $150 price target. Permian basin will likely drive growth. Ruckus Wireless ( RKUS) downgraded at Needham from Buy to Hold, Needham said. Valuation call, as the stock is up a quick 65% from its IPO price. Sapient ( SAPE) downgraded at William Blair from Outperform to Market Perform, William Blair said. Company offered disappointing organic growth guidance and margin upside appears limited. Sandridge ( SD) rated new Neutral at Credit Suisse. $6.30 price target. Stock will likely remain range-bound this year. Seattle Genetics ( SGEN) downgraded at Needham from Buy to Hold, Needham said. Adcetris sales are lagging expectations. UTi Worldwide ( UTIW) upgraded at Jefferies to Buy from Hold, Jefferies said. $18 price target. Leverage to restocking with a restructuring kicker.
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STOCK COMMENTS / EPS CHANGESAvon Products ( AVP) numbers raised at BofA/Merrill. Shares of AVP now seen reaching $24, according to Bank of America/Merrill Lynch. Estimates also increased, as higher sales is driving margin growth. Buy rating. Comcast ( CMCSA) target raised at Citigroup to 45.50, Citigroup said. NBCU deal a fair price and accretive. Buy rating. Cooper Companies ( COO) numbers raised at Jefferies. Shares of COO now seen reaching $100, Jefferies said. Estimates also raised on shift in the CIBA royalty agreement. Hold rating. Hercules Offshore ( HERO) numbers raised at Jefferies. Shares of HERO now seen reaching $8, Jefferies said. Estimates also raised on solid domestic jack-up rates. Hold rating. Level 3 Communications ( LVLT) numbers cut at Canaccord. Shares of LVLT now seen reaching $16, according to Canaccord Genuity. Estimates also reduced, given macro headwinds. Hold rating. Rackspace ( RAX) estimates, target cut at JMP. RAX estimates were reduced through 2014, JMP Securities said. Company is seeing lower sales. Outperform rating and new $78 price target. Royal Dutch Shell ( RDS) target lowered at Oppenheimer to $80, Oppenheimer said. Weak unconventional results take down earnings. Outperform rating. >To submit a news tip, email: firstname.lastname@example.org.
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