NEW YORK (TheStreet) -- RATINGS CHANGES
Asbury Auto (ABG) was upgraded to neutral from underperform at Bank of America/Merrill Lynch. This was a valuation call, based on a $104 price target, said BofA/Merrill.
Analog Devices (ADI) was upgraded to buy from neutral at Citigroup. $66 price target. The company is growing along with Apple and can generate 20% annual earnings growth in the coming years, Citi said.
Genuine Parts (GPC) was downgraded to sell from neutral at Goldman Sachs. $83 price target. Consensus earnings expectations appear too high, said Goldman.
Gap (GPS) was downgraded to underweight from neutral at Piper Jaffray. $28 price target. The company lost a key executive and promotional activity is picking up, Piper said.Jabil Circuit ( JBL) was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: JBL Ratings Report
Johnson Controls (JCI) was upgraded to outperform from market perform at William Blair. $50 price target. Management will likely clear up misperceptions at its December investor meeting, William Blair said.
VeriFone (PAY) was upgraded to buy from hold at Argus. $35 price target. The stock has declined to an attractive entry point, Argus said.