Analysts' Actions: CIT, Dynegy, Pitney Bowes, Reynolds American


AmerisourceBergen (ABC) was downgraded to hold at TheStreet Ratings.

AbbVie (ABBV) was upgraded at UBS to buy from neutral. Reflective of accretive Shire (SHPG) deal, UBS said. Twelve-month price target is $67.

CIT (CIT) was upgraded at Morgan Stanley to overweight from equal-weight. Twelve-month price target is $57. One West acquisition can boost profits, Morgan Stanley said.

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Cabot Oil & Gas (COG) was downgraded at Oppenheimer to perform from outperform. Lack of pipeline capacity could stifle production growth into 2016, Oppenheimer said.

Cisco (CSCO) was downgraded at Pacific Crest to sector perform from outperform. Stock appears fully valued, as the company is attempting to enter new markets through acquisitions, Pacific Crest said.

DSW (DSW) was downgraded at Sterne Agee to underperform. Twelve-month price target is $23. Estimates were also cut, as the company will likely continue to lower guidance, Sterne Agee said.

Dynegy (DYN) was upgraded at Goldman Sachs to buy. Valuation call, as the stock is down 20% in recent weeks, Goldman Sachs said.

El Paso Electric (EE) was downgraded at Jefferies to hold from buy. Valuation call with 12-month price target of $39, Jefferies said.

Informatica (INFA) was upgraded at Nomura to buy from neutral. Valuation call, based on a 12-month price target of $41, Nomura said.

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