NEW YORK (TheStreet) -- RATINGS CHANGES
Aspen Technology (AZPN) was upgraded at Keybanc to sector weight from overweight. Twelve-month price target is $50. With ample growth opportunity, analysts believe license revenue could grow by double-digits and free cash flow could grow to 18% to 20% going forward, Keybanc said.
Deere & Co. (DE) was downgraded at J.P. Morgan to underweight from neutral. Twelve-month price target is $84. Analysts recently spent some time in the Midwest meeting various agriculture industry participants including dealers, farmers and industry experts, J.P. Morgan said. Analysts believe it was clear from what they heard that the industry is currently in dire straits with the potential for a liquidity crunch for farmers into 2016, J.P. Morgan said.
J.C. Penney (JCP) was upgraded at BMO Capital Markets to market perform from underperform. Twelve-month price target is $8. Analysts claim growing confidence that management can achieve its 2017 EBITDA target of $1.2 billion, and most importantly, analysts are less concerned about liquidity, BMO Capital Markets said.
Kansas City Southern (KSU) was downgraded at Credit Suisse to neutral from outperform. Twelve-month price target is $101. Despite analysts' longer-term conviction remaining relatively unscathed, they are concerned in the short term regarding KSU's admission that idiosyncratic service issues are impacting its core growth areas -- namely cross-border intermodal and autos -- both of which are tracking in line with or below the industry average, Credit Suisse said.