Analysts' Actions: AMC Entertainment, Cree, Nokia, Symantec, Veco

NEW YORK (TheStreet) -- RATINGS CHANGES

Abaxis (ABAX) was upgraded at Canaccord Genuity to buy. Twelve-month price target is $60. Company can gain market share by moving to an all-direct sales force, Canaccord Genuity said.

AMC Entertainment (AMC) was upgraded at Barclays to overweight. Twelve-month price target is $29. Company has solid market share and can realize operating leverage, Barclays said.

Acuity (AYI) was upgraded at Goldman Sachs to buy. Twelve-month price target is $153. Company is growing faster than the overall LED market, Goldman said.

Continental Resources (CLR) was initiated with a buy rating at Canaccord Genuity. Twelve-month price target is $92. Oklahoma assets could drive upside to growth expectations, Canaccord Genuity said.

Cree (CREE) was downgraded at Barclays to neutral from buy. Twelve-month price target is $48. Company faces headwinds in LED market, Barclays said.

Computer Task Group (CTG) was downgraded to hold at TheStreet Ratings.

Nokia (NOK) was upgraded at Oppenheimer to outperform from perform. Twelve-month price target is $12. Company appears to be moving in the right direction and can achieve management's margin targets, Oppenheimer said.

SM Energy (SM) was upgraded to buy at TheStreet Ratings.

Symantec (SYMC) was downgraded at RBC Capital to sector perform from outperform. Valuation call, based on a 12-month price target of $26, RBC Capital said.

Veco (VECO) was upgraded at Goldman Sachs to neutral from sell. Twelve-month price target is $35. Valuation call, as estimate cuts appear to be done, Goldman Sachs said.

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This article was written by a staff member of TheStreet.

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