NEW YORK (TheStreet) -- RATINGS CHANGES
Baidu (BIDU) was upgraded to buy at Jefferies. $210 price target. The stock is already pricing in lower potential ad growth, Jefferies said.
Bob Evans Farms (BOBE) was upgraded to sector weight from underweight at Keybanc. Shares have been under meaningful pressure this summer (BOBE down ~15% since July 1 vs. KBCM Restaurant Index down ~2%); and analysts expect restaurant stocks to outperform as industry sales remain stable, commodity prices improve, and sentiment becomes more favorable (lower gas prices, limited China risk, etc.), said Keybanc.
Generac (GNRC) was upgraded to outperform from market perform at William Blair. The stock has a 5/1 upside/downside potential from current levels, said William Blair.
J.C. Penney (JCP) was upgraded to buy from hold at Deutsche Bank. $12 price target. The new CEO can drive several sales and margin levers, Deutsche said.
Tenet Healthcare (THC) was upgraded to outperform from market perform at BMO Capital. $62 price target. Outpatient business can drive future growth, said BMO.
TimkenSteel (TMST) was initiated with a sector weight rating at Keybanc. The company has unique assets balanced with oil and gas malaise, said Keybanc.
United Technologies (UTX) was downgraded to equal weight at Barclays. $100 price target. Expect more earnings cuts in the coming quarters, Barclays said.
Stock Comments / EPS Changes
WEC Energy (WEC) was added to the conviction buy list at Goldman Sachs. $52 price target. The company has both earnings and dividend upside, said Goldman.