NEW YORK (TheStreet) -- RATINGS CHANGES
Alaska Air (ALK - Get Report) was upgraded to outperform from neutral by Credit Suisse, which set a 12-month price target of $78, saying the company is positioned well and can continue to buy back stock.
CA Inc. (CA) was started at market perform by JMP Securities, which said CA needs to prove it can sustain revenue growth.
Energen (EGN) was upgraded to overweight from sector weight by Keybanc, which set a 12-month price target of $84, saying an equity deal helps address the cash-flow deficit.
Genuine Parts (GPC - Get Report) was upgraded to buy from hold by Argus, which set a 12-month price target of $104, saying to expect better earnings in all business segments in the second half of the year.
Sigma Designs (SIGM) was started at buy and given a 12-month price target of $15 by Benchmark, which said its bullish investment thesis centers on the likelihood the company will continue to grow rapidly and produce sales in excess of consensus views based on (1) market share gains and strong market dynamics in ultra HD SoC sales (2) rapidly growing market and ecosystem for the Z-Wave short-range, mesh wireless networking standard.
Southwest Airlines (LUV - Get Report) was downgraded to underweight from overweight by Barclays, which set a 12-month price target of $39. Southwest trades at a premium valuation, and will struggle to meet growth expectations, Barclays said.
Spirit Airlines (SAVE - Get Report) was downgraded to neutral from outperform by Credit Suisse, which set a 12-month price target of $69. Credit Suisse said estimates also have been cut, as the company is facing increased price competition.