Analysts' Actions: ABT ACN GD KMX PCLN


Abbott Laboratories ( ABT) was upgraded at Goldman Sachs ( GS) was upgraded to buy from neutral at Goldman Sachs. $44 price target. Growth poised to accelerated with margin expansion, Goldman said.

Accenture ( ACN) was upgraded at Goldman Sachs to buy. $90 price target. Consulting business is turning around, Goldman said.

American Greetings ( AM) ( AM) was upgraded to buy at TheStreet Ratings.

Brinker ( EAT) was downgraded at Wells Fargo to market perform from outperform. Sales growth should continue to decelerate, Wells Fargo said.

Equifax ( EFX) was downgraded at Goldman Sachs to neutral from buy. Valuation call, Goldman said.

General Dynamics ( GD) was upgraded at Drexel Hamilton to buy. $88 price target. Company will likely not be hurt as much by defense budget cuts, Drexel Hamilton said.

HigherOne Holdings ( ONE) was upgraded to hold at TheStreet Ratings.

CarMax ( KMX) was downgraded at William Blair to market perform at BMO Capital Markets. Expectations are high going in the first-quarter report, and valuation is rich, BMO Capital Markets said.

J.C. Penney ( JCP) was upgraded at Maxim Group to buy from hold. $27 price target. Recent change in strategy should drive traffic back to the stores, Maxim said.

Kansas City Southern ( KSU) was downgraded at Stifel Nicolaus to sell from hold. Valuation call, Stifel Nicolaus said.

Michael Kors ( KORS) was initiated with a buy rating at Canaccord Genuity. North American wholesale is an underappreciated growth opportunity, Canaccord said. Price target is $82.

Lowe's ( LOW) was downgraded at Oppenheimer to perform from outperform. Valuation call, Oppenheimer said.

NetApp ( NTAP) was downgraded at Robert Baird to outperform from neutral. Company is facing increased competition, Robert Baird said. ( PCLN) was upgraded at Deutsche Bank to buy from hold. $900 price target. Expect industry fundamentals to improve in the second half of the year, Deutsche Bank said.

Red Hat ( RHT) was downgraded at BMO Capital Markets to market perform from outperform. $54 price target. Stock is up 15% in May, even though business is decelerating, BMO Capital said.

Range Resources ( RRC) was downgraded at Stifel Nicolaus to hold from buy. Valuation call, as the stock is up 22% year to date, Stifel Nicolaus said.

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