NEW YORK ( TheStreet) -- CHANGE IN RATINGSCubist Pharmaceuticals ( CBST) was upgraded at Cantor Fitzgerald to hold from sell. Valuation call, based on a $49 price target, Cantor said. Carnival ( CCL) was downgraded at UBS to neutral from buy. The worst is not behind the company as bookings have gotten worse, UBS said. Price target goes to $36. Con-Way ( CNW) was upgraded at Wunderlich to buy from hold. $45 price target. Earnings traction should improve in the second half of the year, Wunderlich said. Coach ( COH) was downgraded at Morgan Stanley to equal-weight from overweight. Valuation call, as the stock is up 27% since mid-February, Morgan Stanley said. Cubic ( CUB) was upgraded to buy at TheStreet Ratings.
First Republic ( FRC) was downgraded at Jefferies to hold. $40 price target. Estimates also cut, given slower deposit growth, Jefferies said. Oil States ( OIS) was downgraded at Stifel Nicolaus to neutral. Valuation call, based on a $99 price target, Stifel said. Raymond James ( RJF) was downgraded at Wells Fargo to market perform from outperform. Stock has rallied, even though the company missed quarterly expectations, Wells Fargo said. Roberts Realty ( RPI) was upgraded to hold at TheStreet Ratings. Stifel Financial ( SF) was upgraded at Wells Fargo to market perform from underperform. Volumes should improve, Wells Fargo said.
Taylor Morrison ( TMHC) was initiated with an outperform rating at FBR Capital Markets. $31 price target. Company can deliver above-average order growth and margin expansion, FBR said. Taylor Morrison was initiated with a hold rating at Deutsche Bank. Valuation call, based on a $26 price target, Deutsche said. UIL ( UIL) was upgraded to outperform from neutral at Robert Baird. $45 price target. Regulated business should continue to deliver attractive growth, Baird said. VF Corp. ( VFC) was downgraded at Wells Fargo to market perform from outperform. Valuation call, as the stock is up 23% year to date, Wells Fargo said. Wellcare ( WCG) was downgraded at Goldman Sachs to neutral from buy. Valuation call, as the stock is up 178% in the past three years, Goldman said. STOCK COMMENTS/EPS CHANGES Carnival estimates, price target were cut at Credit Suisse. Shares are now seen reaching $32. Estimates were also reduced, given the company's new guidance. Neutral rating.