Advisory Board (ABCO) was upgraded to buy at Deutsche Bank. $43 price target. The company can deliver double-digit annual revenue growth and has fallen to an attractive price, Deutsche said.
Charter Communications (CHTR - Get Report) was upgraded to overweight from neutral at JPMorgan. The valuation is more attractive, based on a $210 price target. The company is a cheaper way of ultimately owning Time Warner (TWC) , JPMorgan said.
Covergys (CVG) was downgraded to market perform from outperform at Wells Fargo. The company lowered its growth guidance, Wells said.
Blackhawk Network (HAWK) was upgraded to buy at TheStreet Ratings.
Lending Club (LC - Get Report) was downgraded to neutral from buy at Sterne Agee. $8 price target. Earnings estimates were also cut, given a lower expected long-term origination growth rate, Sterne said.
Microsemi (MSCC) was upgraded to top pick at RBC Capital Markets. $46 price target. The company is de-leveraging and can expand margins, RBC said.
Bankrate (RATE) was downgraded to sector perform from outperform at RBC Capital Markets. $9 price target. The company cut guidance because of lower traffic from Google, RBC said.