NEW YORK ( TheStreet) -- CHANGE IN RATINGSAbercrombie & Fitch ( ANF) was upgraded at Bank of America/Merrill Lynch to buy. $60 price target. Company has multiple potential growth catalysts, BofA/Merrill said. Broadcom ( BRCM) was initiated with a buy rating at Topeka Capital Markets. $42 price target. Company is leveraged to higher network growth, Topeka Capital Markets said. Brocade ( BRCD) was upgraded at ISI Group to buy from neutral. $7.50 price target. Company has multiple potential near-term catalysts, ISI Group said. Calgon Carbon ( CCC) was downgraded at Robert Baird to neutral from outperform. Valuation call, Baird said. Chemtura ( CHMT) was downgraded at Oppenheimer to underperform from perform. Stock has held up even though earnings expectations have come down considerably, Oppenheimer said.
CNET ( CNET) was downgraded to sell at TheStreet Ratings. Global Eagle Entertainment ( ENT) was initiated with a sell rating at TheStreet Ratings. Intel ( INTC) was downgraded at Piper Jaffray to underweight from neutral. $20 price target. Sentiment is improving, but cutting PC expectations once again, Piper Jaffray said. Iron Mountain ( IRM) was downgraded at Stifel Nicolaus to hold from buy. Expect a lower possibility that the company will convert to a REIT, Stifel Nicolaus said. Mannkind ( MNKD) was downgraded at Bank of America/Merrill Lynch to neutral. Valuation call, based on an $8 price target, BofA/Merrill said. Qualcomm ( QCOM) was initiated with a hold rating at Topeka Capital Markets. $65 price target. Company will likely face increased competition, Topeka Capital Markets said.
Sprint Nextel ( S) was downgraded at Nomura to neutral. Valuation call, based on a $7.50 price target, Nomura said. United Continental ( UAL) was upgraded at Goldman Sachs to neutral from sell. Integration fears are priced into the stock, Goldman said. $36 price target. VMware ( VMW) was downgraded at Drexel Hamilton to hold from buy. Company is expected to post lower cash flow growth, Drexel Hamilton said. Yum! Brands ( YUM) was upgraded at UBS to buy from neutral. The company is reaching an inflection point in China and profitability should begin to improve, UBS said. Price target goes to $80.