NEW YORK (TheStreet) -- RATINGS CHANGES
Dunkin Brands (DNKN) was downgraded to hold by TheStreet Ratings.
Jazz Pharmaceuticals (JAZZ) was downgraded to hold by TheStreet Ratings.
Moelis & Company (MC) was initiated with a buy rating by UBS. Driven by co's ability to generate robust revenue with productivity metrics catching up. $31 12-month price target, UBS said.
M&T Bank (MTB) was upgraded to buy from neutral at Goldman Sachs. $145 12-month price target. HCBK buy should add to earnings, Goldman said.
Nimble Storage (NMBL) to outperform from market perform at William Blair. This was a valuation call, as the company has market expansion opportunity, said William Blair.
Omnicom (OMC) was downgraded to neutral from buy at Goldman Sachs. Company was also cut from the Conviction List. Valuation is less compelling without the Publicis merger, Goldman said. $75 12-month price target.
Pandora (P) was upgraded to buy from neutral by MKM Partners. This is a valuation call, based on a $32 12-month price target, MKM said.
PacWest (PACW) was upgraded to outperform at FBR Capital Markets. $47 12-month price target. The CapitalSource acquisition should be accretive to earnings and book value, said FBR.
Paycom (PAYC) was initiated with an overweight rating at Barclays. The company offers a disruptive product with multi-year growth opportunities, Barclays said. $21 12-month price target.