NEW YORK (TheStreet) -- RATINGS CHANGES
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Cobalt Energy (CIE) was downgraded at Goldman Sachs to neutral from buy. Twelve-month price target is $9. See lower value for the company's deep-water business, Goldman Sachs said.
Darden (DRI) was upgraded at Telsey Advisory to market perform. Twelve-month price target is $54. Company is attempting to turn the business around and should benefit from improving industry sales, Telsey Advisory.
Entergy (ETR) was upgraded at Morgan Stanley to equal-weight. Twelve-month price target is $91. Favorable legal decision means that Indian Point nuclear plant will likely remain online, Morgan Stanley said.
ServiceNow (NOW) was upgraded at RBC Capital to Top Pick from outperform. Twelve-month price target is $80. Recent meeting with management confirms the company is a core software holding, RBC Capital said.
PG&E (PCG) was upgraded at J.P. Morgan to overweight. Regulatory outlook has improved and the company trades at a more reasonable valuation, J.P. Morgan said.
Twitter (TWTR) was initiated at JMP Securities with a market outperform rating. Twitter's strong brand and active user base contribute to it being firmly ingrained in global culture, JMP Securities said. Twelve-month price target is $49.
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