NEW YORK (TheStreet) -- RATINGS CHANGES
Apache (APA) was downgraded at Deutsche Bank to hold from buy. Twelve-month price target is $91. Company lacks near-term catalysts, Deutsche Bank said.
Cabelas (CAB) was initiated with a neutral rating at DA Davidson. Twelve-month price target is $71. Company faces near-term growth headwinds, DA Davidson said.
Cepheid (CPHD) was upgraded at JMP Securities to outperform from market perform. Twelve-month price target is $58. Estimates were also increased, as GeneXpert could be a game-changer for the market, JMP Securities said.
Chevron (CVX) was initiated at Jefferies with a buy rating. Company has the best medium-term growth prospects in integrated oil sector and an attractive valuation, Jefferies said. Twelve-month price target is $140.
Danaher (DHR) was upgraded at ISI Group to strong buy from buy. Twelve-month price target is $86. Market is shifting toward high-quality, large-cap companies with solid free cash flow, ISI Group said.
Devon Energy (DVN) was initiated at BMO Capital Markets with an outperform rating. High-graded portfolio of high-return oily asset should drive improvements in production growth and cash margins, BMO Capital said. Twelve-month price target is $80.
E*Trade (ETFC) was upgraded at Bank of America/Merrill Lynch to neutral from underperform. Industry volumes have been strong and the company has pulled back to a more reasonable valuation, Bank of America/Merrill said. $21 price target.
First Niagara (FNFG) was downgraded at Barclays to underweight from overweight. Stock could prove to be a value trap, Barclays said.
Fortune Brands Home and Security (FBHS) was upgraded at Credit Suisse to outperform from neutral. Downturn is just a pause in the cycle, and the company has attractive long-term growth and cash flow potential, Credit Suisse said. Twelve-month price target is $50.
FireEye (FEYE) was upgraded to buy at Topeka Capital. Twelve-month price target is $70. Stock has pulled back sharply, Topeka Capital said.