NEW YORK (TheStreet) -- RATINGS CHANGES
Ambit Biosciences (AMBI) was initiated with a sell rating at TheStreet Ratings.
C.R. Bard (BCR) was downgraded at Barclays to equal weight from overweight. Pressure on company due to its exposure to the peripheral vascular space, which is affected by Medtronic (MDT - Get Report)/Covidien (COV) deal, Barclays said.
Franklin Resources (BEN) was upgraded at Goldman Sachs to buy from neutral. Better flow trends are being driven by emerging markets, and recent underperformance offers a cheap entry point, Goldman said.
GNC (GNC) was downgraded at J.P. Morgan to neutral. Company is seeing slower sales trends, and the CFO has left, J.P. Morgan said.
Medtronic was upgraded at Barclays to overweight from equal weight. Driven by potential benefits from acquisition of Covidien, Barclays said. Twelve-month price target is $73.
North European Oil Royalty Trust (NRT) was downgraded to hold at TheStreet Ratings.
Sunpower (SPWR) was downgraded at J.P. Morgan to neutral. Valuation call, as the stock is up 35% year to date, J.P. Morgan said. Twelve-month price target is $40.
Tyson Foods (TSN - Get Report) upgraded at BMO Capital to outperform. Higher margins create opportunities for realized earnings potential in Hillshire and accelerated repaying of debts, BMO Capital said. Twelve-month price target is $43.
Walgreen (WAG) was upgraded at Barclays to overweight from equal weight. Driven by reducing expenses and optimizing capital structure, Barclays said. Twelve-month price target is $92.
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