NEW YORK (TheStreet) -- RATINGS CHANGES
Chesapeake Energy (CHK - Get Report) was upgraded to buy from underperform by Sterne Agee, which set a $13 price target, saying sentiment will likely reverse in the near term. Estimates were also increased, as management is cutting costs, Sterne Agee said.
Macy's (M) was downgraded to sell from buy by Deutsche Bank, which set a $63 price target, saying that sales will likely remain muted and that the company is facing rising operating costs.
MBIA (MBIA) was downgraded to buy from neutral by BTIG, which noted that the company has over $4 billion of exposure to Puerto Rico debt.
Synaptics (SYNA - Get Report) was upgraded to outperform from perform by Oppenheimer, which set a $105 price target, saying the stock appears oversold on speculation that Apple (AAPL - Get Report) could replace the company with in-house technology.