NEW YORK (TheStreet) -- RATINGS CHANGES
Actuant (ATU) was downgraded to hold from buy at Jefferies. $30 12-month price target. Earnings could struggle for a third straight year, Jefferies said.
Grubhub (GRUB) was initiated with an outperform rating at Oppenheimer. $42 12-month price target. The company is a category leader and deserves a premium valuation, Oppenheimer said.
RPC (RES) was downgraded to neutral from buy at Citigroup. $12 12-month price target. The company faces utilization and pricing risks, Citigroup said.
Twitter (TWTR) was initiated with a perform rating and $36 12-month price target at Oppenheimer. This was valuation call, as the company trades at a steep premium to its peers, Oppenheimer said.
Unum (UNM) was upgraded to buy from neutral at Compass Point. $40 12-month price target. The company no longer has reserve charge overhang and deserves a higher multiple, Compass Point said.
Wesco Aircraft (WAIR) was downgraded to sell from hold at Deutsche Bank. $13 12-month price target. Sales headwinds are a drag on margins, Deutsche Bank said.