NEW YORK (TheStreet) -- RATINGS CHANGES
American International Group (AIG) was initiated with a buy rating at Citigroup. Combined ratio could be overstated by 7%, which could add another 55 cents a share to annual earnings, Citi said.
For more of Monday's analysts' actions, watch the video below:
Bank of America (BAC) was upgraded at Goldman Sachs to buy. Twelve-month price target is $19. As legal issues have passed, investors can now focus on the meaningful business improvement, Goldman said.
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Celadon Group (CGI) was upgraded to buy at TheStreet Ratings.
Ford Motor (F) was downgraded at Morgan Stanley to underweight. Twelve-month price target is $16. U.S. auto sales appear to be pulling forward future sales, Morgan Stanley said.
FireEye (FEYE) was upgraded at UBS to buy from neutral. Twelve-month price target is $40. Valuation call, as the stock is down 67% from its March peak, UBS said.
GoPro (GPRO) was initiated with an outperform rating at FBN Securities. Twelve-month price target is $70. Company is a best-of-breed operator and can deliver rapid growth, FBN Securities said.
Infinera (INFN) was upgraded at Jefferies to buy from hold. Twelve-month price target is $14. New WDM product line should drive growth in the coming quarters, Jefferies said.
Joy Global (JOY) was downgraded to hold at TheStreet Ratings.
Keryx (KERX) was downgraded at FBR Capital Markets to underperform from market perform. Company received a restrictive label for dialysis patients, FBR Capital Markets said.
L-3 Communications (LLL) was upgraded at Oppenheimer to outperform from perform. Twelve-month price target is $128. Firm has been punished excessively for accounting issues, Oppenheimer said.