NEW YORK (TheStreet) -- RATINGS CHANGES
Achillion (ACHN) was downgraded at Robert Baird to outperform from neutral. Twelve-month price target is $16. Recent antiviral clinical data fell short of expectations, Robert Baird said.
Avon Products (AVP) was downgraded at BMO Capital to underperform from market perform. Company is facing currency risk in emerging markets, BMO Capital said. Twelve-month price target is $7.
Church & Dwight (CHD) was upgraded at BMO Capital to outperform from market perform. Twelve-month price target is $85. Company has relatively low currency exposure and should benefit from lower energy prices, BMO Capital said.
Salesforce.com (CRM) was initiated with a hold rating at Drexel Hamilton. Free cash flow growth continues to lag sales, Drexel Hamilton said.
Kimberly-Clark (KMB) was upgraded at BMO Capital to outperform from market perform. Twelve-month price target is $125. Company is facing lower commodity costs and can manage its currency exposure, BMO Capital said.
Red Hat (RHT) was initiated with a buy rating at Cantor Fitzgerald. Twelve-month price target is $81. Company is a market leader and can continue to gain market share, Cantor Fitzgerald said.
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