NEW YORK (TheStreet) -- RATINGS CHANGES
Basic Energy (BAS) was upgraded at Wunderlich to hold from sell. Twelve-month price target is $27. Cycle seems to be turning in the company's favor, Wunderlich said.
Chico's FAS (CHS) was upgraded at FBR Capital Markets to outperform from market perform. Twelve-month price target is $19. Company has multiple potential catalysts, FBR Capital Markets said.
Carlisle (CSL) was upgraded at FBR Capital Markets to outperform from market perform. Twelve-month price target is $90. Recent survey suggests a recovery in the nonresidential construction market could materialize later this year, FBR Capital Markets said.
Catamaran (CTRX) was upgraded at Oppenheimer to outperform from perform. Valuation call, based on a 12-month price target of $50.
Equinix (EQIX) was upgraded at Oppenheimer to outperform from perform. Twelve-month price target is $210. Valuation call, as the stock is down 12% in recent weeks, Oppenheimer said.
Forum Energy Technologies (FET) was upgraded to buy at TheStreet Ratings.
IBM (IBM) was downgraded at Citigroup to neutral from buy. Valuation call, based on a 12-month price target of $200, Citigroup said.
Ingram Micro (IM) was upgraded at Citigroup to buy from neutral. Twelve-month price target is $35. Company is cutting costs and could exceed consensus earnings expectations, Citigroup said.
Key Energy (KEG) was upgraded at Wunderlich to hold from sell. Twelve-month price target is $9. Headwinds appear to be easing, Wunderlich said.
Southwest Airlines (LUV) was upgraded at Argus to buy from hold. Twelve-month price target is $28. Company is growing revenue and cutting costs, Argus said.
Morgan Stanley (MS) was upgraded at Bank of America/Merrill Lynch to buy from neutral. Twelve-month price target is $35. Risk/reward is attractive following the recent pullback, Bank of America/Merrill said.
NQ Mobile (NQ) was downgraded to sell at TheStreet Ratings.
