NEW YORK (TheStreet) -- RATINGS CHANGES
Yamana Gold (AUY) was downgraded at RBC Capital Markets to sector perform from outperform. Twelve-month price target was lowered to $6.50 from $8 as shares will trade in line with peers until operational consistency is demonstrated and net debt reduced, RBC Capital Markets said.
Watch the video below for more of Wednesday's analysts' actions:
Boston Properties (BXP) was initiated with an outperform rating and added to the Focus List at Credit Suisse. Twelve-month price target was set at $147. Valuation does not reflect the strong demand for company's trophy assets, large and accretive development pipeline, healthy internal growth projected and best-in-class management team, Credit Suisse said.
Community Health Systems (CYH) was downgraded at Wells Fargo to market perform from outperform. Hospital group likely to be adversely affected by recent Supreme Court decision to consider King v. Burwell case and government's reduced expectations for enrollment in 2015, Wells Fargo said.
Frank's International (FI) was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target was raised to $27 from $22 as management better understands investors' needs and is accelerating the implementation of numerous operating initiatives, Credit Suisse said.
HCA Holdings (HCA) was downgraded at Wells Fargo to market perform from outperform. Hospital group is likely to be adversely affected by recent Supreme Court decision to consider King v. Burwell case and government's reduced expectations for enrollment in 2015, Wells Fargo said.
Insys Therapeutics (INSY) was downgraded at Oppenheimer to perform from outperform. After positive third-quarter results, shares spiked 12%. Despite significant pipeline potential, limited visibility suggests a need to observe progression, Oppenheimer said.
Eaton Vance (EV) was downgraded at Citigroup to sell from neutral. Shares have overshot economic potential of nascent ETMF business while looking past the complexities of launch and mixed real-time flow dynamics, Citigroup said.
JetBlue Airways (JBLU) was downgraded at J.P. Morgan to neutral from overweight. Shares have handily outperformed sector and investors should look to take profits given current valuation, J.P. Morgan said.
SL Green Realty (SLG) was initiated at Credit Suisse to underperform. Rating driven primarily by valuation with stock trading almost flat to NAV, with an implied market cap of 4.7%, Credit Suisse said.
Simon Property Group (SPG) was initiated at Credit Suisse with an outperform rating. Twelve-month price target was set at $205. Company has a top-quality real estate portfolio, deep and talented management team, strong balance sheet and impressive redevelopment pipeline, Credit Suisse said.
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