NEW YORK (TheStreet) -- RATINGS CHANGES
Granite Construction (GVA) was upgraded at Sterne Agee to buy. Twelve-month price target is $44. Infrastructure cycle appears poised to outperform in 2015, Sterne Agee said.
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Lannett (LCI) was downgraded at Oppenheimer to perform from outperform. Valuation call, as the stock is up 40% in the past few weeks, Oppenheimer said.
Lumber Liquidators (LL) was downgraded at Canaccord to hold from buy. Twelve-month price target is $51. Company has consistently missed expectations and cut guidance, Canaccord said.
Level 3 (LVLT) was upgraded to buy at Citigroup. Focus on the enterprise segment should boost organic growth, Citigroup said.
National Cinemedia (NCMI) was upgraded at Wedbush to outperform from neutral. Twelve-month price target is $16. Estimates were also increased, based on improving market share trends, Wedbush said.
Penn National (PENN) was upgraded at Bank of America/Merrill Lynch to neutral from underperform. Twelve-month price target is $15. Estimates were also increased, given higher expected property margins, Bank of America/Merrill Lynch said.
RetailMeNot (SALE) was downgraded at Goldman Sachs to neutral from buy. Twelve-month price target is $19. Company is struggling to transition to mobile, Goldman Sachs said.
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