NEW YORK (TheStreet) -- RATINGS CHANGES
Crocs (CROX) was upgraded at Piper Jaffray to overweight from neutral. Estimates were also increased, as management can continue to turn the business around in the second half of the year, Piper Jaffray said.
Cisco (CSCO) was downgraded at Sterne Agee CRT to neutral. Twelve-month price target is $31. Company appears to have limited earnings leverage in the coming quarters, Sterne Agee CRT said.
Dupont (DD) was upgraded at Bank of America/Merrill Lynch to neutral from underperform. Valuation call, based on a 12-month price target of $76. Estimates were also increased, as the company is cutting more costs, Bank of America/Merrill Lynch said.
Brinker (EAT) was upgraded at Miller Tabak to buy from hold. Twelve-month price target is $65. Chili's comp sales growth appears to have accelerated, Miller Tabak said.
Ingersoll-Rand (IR) was upgraded at Keybanc Capital Markets to overweight from sector weight. Twelve-month price target is $80. Analysts see further runway on what has been consistently strong execution at driving margin improvement and above-average growth, both of which analysts expect to continue, Keybanc Capital Markets said.
J.B. Hunt Transport Services (JBHT) was upgraded at Keybanc Capital Markets to overweight from sector weight. Twelve-month price target is $100. Following recent checks, analysts anticipate the combination of improved pricing and lower operating costs from subsiding rail service issues to support margin improvement in the second half of 2015 and 2016, Keybanc Capital Markets said.
Linear Technology (LLTC) was upgraded at J.P. Morgan to neutral from underweight. Twelve-month price target is $48. Analysts expect the company to benefit from solid exposure to outperforming industrial and automotive end markets, maintain its industry-leading margin structure on new product offerings and potentially increase its payout ratio (dividends and share repurchases) over time, J.P. Morgan said.
Macy's (M) was downgraded at Telsey Advisory to market perform from outperform. Twelve-month price target is $72. Company is seeing lower margins and sales, Telsey Advisory said.
Superior Energy (SPN) was upgraded at Oppenheimer to outperform from perform. Twelve-month price target is $30. 2016 consensus expectations are likely too low for basic services, Oppenheimer said.
Tsakos Energy Navigation (TNP) was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target is $13. With its fleet of 50 vessels on a mix of spot and time charters (eight with profit share), TNP is well positioned to benefit from the crude and product tanker upcycle, Credit Suisse said.
Urban Outfitters (URBN) was upgraded at Telsey Advisory to outperform from market perform. Valuation call, as the stock is down 15% since March, Telsey Advisory said. Twelve-month price target is $46.
Wabco (WBC) was downgraded at Stifel to hold from buy. Company was also removed from the Select List. Valuation call, Stifel said.
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