NEW YORK (TheStreet) -- RATINGS CHANGES
Brocade (BRCD) was downgraded at Wunderlich to hold from buy. Twelve-month price target is $12. Company lacks near-term catalysts, Wunderlich said.
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Montpelier Re Holdings (MRH) was upgraded at Barclays to equal-weight from underweight. Despite soft reinsurance market, there is less potential for downside based on projection for book-value growth, Barclays said. Twelve-month price target was raised to $37 from $29.
Nu Skin (NUS) was initiated with a neutral rating at Citigroup. Twelve-month price target is $45. Expectations are down sharply, but still lack visibility on a potential turnaround, Citigroup said.
Pinnacle Entertainment (PNK) was downgraded at Sterne Agee to neutral from buy. Valuation call, based on a 12-month price target of $24, Sterne Agee said.
TJX (TJX) was upgraded at J.P. Morgan to overweight from neutral. Twelve-month price target is $75. Company has multiyear growth drivers, J.P. Morgan said.
Tupperware (TUP) was downgraded at B. Riley to neutral from buy. Twelve-month price target is $72. Company may cut guidance again in the coming months, B. Riley said.