NEW YORK (TheStreet) -- RATINGS CHANGES
Aramark (ARMK) was upgraded to top pick from outperform at RBC Capital. The company can deliver double-digit earnings growth and deserves a higher multiple, RBC said.
Blackberry (BBRY) was upgraded to buy from hold at TD Securities. $13 12-month price target. Despite a hardware sales miss, expect new software services to drive earnings power, TD Securities said.
Brown Shoe (BWS) was upgraded to equal-weight at Morgan Stanley. $26.50 12-month price target. A potential Stuart Weitzman deal would be positive for the company, Morgan Stanley said.
Finish Line (FINL) was downgraded to hold from buy at Canaccord Genuity. $25 12-month price target. Challenges in the running category will likely remain in the coming quarters, said Canaccord.
Finish Line (FINL) was downgraded to neutral from buy at Janney Capital. $25 12-month price target. Higher promotions are cutting into margins, Janney said.
Synchrony Financial (SYF) was downgraded to neutral from buy at BTIG. This was a valuation call, based on the previous $30 12-month price target, BTIG said.
Taser (TASR) was initiated with an outperform rating at Oppenheimer. $28 12-month price target. The company is a market leader and should benefit from the rising demand for police officer cameras, said Oppenheimer.