NEW YORK ( TheStreet ) -- CHANGE IN RATINGS
Advance Auto Parts ( AAP) was upgraded at Credit Suisse to outperform from neutral. $130 price target. Company should realize higher merger synergies, Credit Suisse said.
Consolidated Edison ( ED) was downgraded at Jefferies to underperform from hold. Company is unable to reach a settlement in its electric, gas and steam rate case. $49 price target
Ecology and Environment ( EEI) was downgraded to sell at TheStreet Ratings.
Facebook ( FB) was initiated with an outperform rating at FBR Capital Markets. $60 price target. Company has significant opportunity ahead, and pricing is inflecting, FBR Capital Markets said.
LinkedIn ( LNKD) was initiated with a market perform rating at FBR Capital Markets. $214 price target. Valuation call, as the stock is trading with a price-to-earnings ratio of 104, based on 2014 earnings estimates.
Pioneer Natural ( PXD) was downgraded at Oppenheimer to perform from outperform. Valuation call, as the stock is already pricing in growth potential in the Permian Basin.
Quintiles ( Q) was downgraded at Deutsche Bank to hold from buy. New analyst believes that industry valuation is rich, Deutsche Bank said. $51 price target.
Republic Services ( RSG) was downgraded at Goldman Sachs to neutral. Valuation call, based on a $36 price target, Goldman Sachs said.