NEW YORK (TheStreet) -- RATINGS CHANGES
Church & Dwight (CHD) was upgraded at Bank of America/Merrill Lynch to neutral. Twelve-month price target is $85. Company deserves a premium valuation, Bank of America/Merrill Lynch said.
Iconix (ICON) was upgraded at Brean Capital to buy from hold. Twelve-month price target is $42. Recent acquisitions can boost growth, Brean Capital said.
Isis (ISIS) was downgraded at Piper Jaffray to neutral from overweight. Valuation call, based on a 12-month price target of $68.
Pentair (PNR) was downgraded at Keybanc to hold from buy. Sales momentum will likely be challenged in the coming quarters, Keybanc said.
Stratasys was downgraded at Morgan Stanley to equal-weight. Twelve-month price target is $53. Company is investing more into future growth, which will hurt margins, Morgan Stanley said.
Waddell & Reed (WDR) was downgraded at Sterne Agee to neutral from buy. Twelve-month price target is $51. Fundmental turnaround will likely take time, Sterne Agee said.
Waddell & Reed was downgraded at Citigroup to sell from neutral. Twelve-month price target is $39. Margins appear to have peaked and the company will likely fall short of consensus earnings expectations, Citigroup said.
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