NEW YORK (TheStreet) -- RATINGS CHANGES
Bonanza Creek (BCEI) was upgraded at Topeka Capital to buy from hold. Twelve-month price target is $68. Wattenberg acquisition should be highly accretive to earnings, Topeka Capital said.
Bio-Rad Laboratories (BIO) was downgraded to hold at TheStreet Ratings.
Cepheid (CPHD) was upgraded at Needham to buy from hold. Twelve-month price target is $50. More positive on the company, following meetings with management, Needham said.
Cisco (CSCO) was upgraded at Deutsche Bank to buy from hold. Twelve-month price target is $30. See stronger-than-anticipated business ramp, Deutsche Bank said.
CIT Group (CIT) was downgraded to sell at TheStreet Ratings.
Guidewire (GWRE) was upgraded at Citigroup to neutral. Twelve-month price target is $43. Expectations have come in and company fundamentals are improving, Citigroup said.
Office Depot (ODP) was upgraded at Goldman Sachs to buy from neutral. Twelve-month price target is $7. Company can likely exceed consensus earnings expectations, Goldman Sachs said.
Palo Alto (PANW) was upgraded at Nomura to buy from neutral. Twelve-month price target is $80. See fewer risks around the Juniper litigation, Nomura said.
Pharmacyclics (PCYC) was downgraded at RBC Capital to sector perform from outperform. Twelve-month price target is $95. Company is facing potential growth headwinds, RBC Capital said.
Staples (SPLS) was downgraded at Goldman Sachs to sell. Twelve-month price target is $11. Company is facing margin pressure, Goldman said.
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