NEW YORK (TheStreet) -- RATINGS CHANGES
Herbalife (HLF) was downgraded to hold at TheStreet Ratings.
JDS Uniphase (JDSU) was downgraded at Piper Jaffray to neutral from overweight. Twelve-month price target is $12. Company offered soft guidance and is leveraged to telecom spending delays, Piper Jaffray said.
King Digital (KING) was downgraded at Barclays to equal weight. Company missed earnings expectations, Barclays said. Twelve-month price target was lowered to $16, Barclays said.
King Digital was downgraded at Deutsche Bank to hold from buy. Twelve-month price target is $12. New games have been disappointing, Deutsche Bank said.
King Digital was downgraded at J.P. Morgan to neutral. Twelve-month price target is $18. New games are not offsetting Candy Crush, J.P. Morgan said.
King Digital was downgraded at RBC Capital to sector perform from outperform. Twelve-month price target is $15. Estimates were also cut, as Candy Crush is declining faster and new products are not picking up the slack, RBC Capital said.
Stoneridge (SRI) was downgraded to hold at TheStreet Ratings.
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Now let's look at TheStreet Ratings' take on some of these stocks.
TheStreet Ratings team rates JDS UNIPHASE CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate JDS UNIPHASE CORP (JDSU) 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 revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year."
Highlights from the analysis by TheStreet Ratings Team goes as follows: