NEW YORK (TheStreet) -- RATINGS CHANGES
Centurylink (CTL) was downgraded at Goldman Sachs to sell from neutral. Twelve-month price target is $33. Margins and free cash flow will likely deteriorate in the coming quarters, Goldman Sachs said.
Insulet (PODD) was downgraded at Canaccord Genuity to hold from buy. Twelve-month price target is $35. Estimates were also cut, given new patient numbers and growth trends, Canaccord Genuity said.
Rackspace (RAX) was upgraded at Pacific Crest to outperform. Company is realizing higher margins and is attractively valued, Pacific Crest said. Twelve-month price target is $58.
Waddell & Reed (WDR) was downgraded at Jefferies to hold from buy. Valuation call, based on a 12-month price target of $50, Jefferies said.
Williams-Sonoma (WSM - Get Report) was downgraded at Piper Jaffray to neutral from overweight. Twelve-month price target is $84. Expect higher promotional activity in the industry, Piper Jaffray said.
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