Analysts' Actions: APA SPLS OVTI SPLK

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Omnivision ( OVTI) downgraded at Oppenheimer from Outperform to Perform, Oppenheimer said. Company is facing increased competition, which could limit potential gross margin expansion.

Select Comfort ( SCSS) upgraded at Keybanc from Hold to Buy, Keybanc said. $30 price target. Fundamentals appear to be improving.

Splunk ( SPLK) upgraded at FBR from Market Perform to Outperform, FBR Capital Markets said. $61 price target. Strong product cycle and healthy secular trends can translate to larger deal sizes.

Staples ( SPLS) downgraded at JP Morgan to Neutral from Overweight, JP Morgan said. $15 price target. Secular pressures appear to have accelerated.

STOCK COMMENTS / EPS CHANGES

Apache ( APA) estimates reduced at UBS to account for the sale of its Egyptian assets, said UBS. Price target is $90.

Splunk ( SPLK) numbers raised at UBS, given the second-quarter beat and raised guidance, said UBS. Price target is boosted to $54.

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This article was written by a staff member of TheStreet.

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