NEW YORK (TheStreet) -- RATINGS CHANGES
DSW (DSW) downgraded at B. Riley: DSW was downgraded from buy to neutral, B. Riley said. $31 price target. Company may have to discount more to maintain sales growth.
JC Penney (JCP - Get Report) upgraded at Sterne Agee: JCP was upgraded from neutral to buy, Sterne Agee said. $13 price target. Visit with new CEO adds to confidence about the turnaround potential. Buy rating.
Newell Rubbermaid (NWL - Get Report) rated new buy at Jefferies: NWL was initiated with a buy rating, Jefferies said. Company also placed on the Franchise Picks list. $50 price target. Company is seeing accelerating organic sales growth.
Qorvo (QRVO - Get Report) downgraded at Keybanc: QRVO was downgraded from overweight to sector weight, Keybanc said. More cautious on the company, following checks in Asia.
Transocean (RIG - Get Report) upgraded at Deutsche: RIG was upgraded from sell to hold, Deutsche Bank said. $10 price target. Industry is on the cusp of a major restructuring.
Stock Comments / EPS Changes
BlackBerry (BBRY) estimates, target cut at Goldman: Shares of BBRY now seen reaching $7, according to Goldman Sachs. Estimates also reduced, as key metrics continue to fall short of expectations. Sell rating.
Expedia (EXPE - Get Report) estimates, target raised at JMP: Shares of EXPE now seen reaching $151, according to JMP Securities. Estimates also increased, given the Orbitz acquisition. Outperform rating.
Strategy Calls / Market Calls
S&P 500 (SPY - Get Report) estimates, target cut at RBC: S&P 500 estimates were reduced through 2016, RBC Capital said. Oil and slower global growth will weigh on profits. 2015 target also lowered to 2,100.