NEW YORK (TheStreet) -- RATINGS CHANGES
Comerica (CMA) was upgraded to neutral from negative at Susquehanna. $49 12-month price target. The bank posted better-than-expected earnings per share on Monday, driven by net interest income up 1.5% sequentially and net interest margin up 1 basis point sequentially, beating forecasts by 8 bps, Susquehanna said.
Tableau Software (DATA) was initiated as a sell at TheStreet Ratings.
LinkedIn (LNKD) was upgraded to hold at TheStreet Ratings.
K12 (LRN) was downgraded to hold from buy at Stifel. $26 12-month price target. Pressures in Pennsylvania will reduce the amount of outsourced resources and lower the volume of business, said Stifel.
Pike (PIKE) was downgraded to hold at BB&T Capital Markets. The company announced its plan to go private in 4Q2014, said BB&T.
Xylem (XYL) was downgraded to hold at TheStreet Ratings.
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TheStreet Ratings team rates LINKEDIN CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate LINKEDIN CORP (LNKD) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: