NEW YORK (TheStreet) -- RATINGS CHANGES
Big Lots (BIG) was upgraded at Barclays to overweight. Twelve-month price target is $53. Stock has pulled back, but company fundamentals are improving, Barclays said.
Bojangles (BOJA) was initiated with an overweight rating at Keybanc. Twelve-month price target is $32. Bojangles is poised to grow annual revenue at 10% to 12% and accelerate earnings growth, averaging 15% to 17% in 2016-2018, Keybanc said.
Bojangles was initiated with a market perform rating at Wells Fargo. Valuation call, as the company is trading at a 30% premium to its peers, Wells Fargo said.
Bojangles was initiated with an outperform rating at William Blair. Company can generate midteens annual earnings growth over the next three to five years, William Blair said.
F5 Networks (FFIV) was downgraded at Citigroup to neutral from buy. Valuation call, based on a 12-month price target of $132, Citigroup said.
Iron Mountain (IRM) was downgraded at Jefferies to underperform from hold. Twelve-month price target is $29. Analysts see multiple problems including intensifying secular pressures weighing on organic and margin growth, imminent equity/debt raises to avoid cutting dividend, a multiple that does not reflect secular pressures and a racking depreciation that may overstate funds from operations, Jefferies said.