NEW YORK (TheStreet) -- CHANGE IN RATINGS
Apple was upgraded at Raymond James to strong buy from outperform. $600 price target. Near-term financial trends should stabilize and then improve, Raymond James said.
Barrick Gold was downgraded at BMO Capital Markets to underperform from market perform. $17 price target. Pascua Lama delayed and potential impairments ahead, BMO Capital Markets said.
Autoliv was downgraded at J.P. Morgan to neutral from overweight. $88 price target. After deserved multiple expansion, slower-than-average earnings growth expected through 2015, J.P. Morgan said.
Atlas Air was downgraded at FBR Capital Markets to market perform from outperform. $46 price target. Company will face continued headwinds in the commercial charter and core ACMI segments, FBR Capital Markets said.
BlackBerry was downgraded at Needham to underperform from hold. BlackBerry 10 product family may not be able to save the day.
BlackBerry was downgraded at Morgan Stanley to equal weight from overweight. Weak BB10 traction, said Morgan Stanley. Price target is $11.
BlackBerry was downgraded at Hudson Square to sell from hold. $8 price target. BB10 sales will likely continue to fall short of expectations, Hudson Square said.
BlackBerry was downgraded at Deutsche Bank to sell from hold. $6 price target. Company is facing higher competition for its new products, Deutsch Bank said.
Broadcom was downgraded at Lazard Capital Markets to neutral from buy. Lack of near-term catalysts, Lazard Capital Markets said.
Expeditors was upgraded at FBR Capital Markets to outperform from market perform. Stock was also added to the Top Picks list, given better ocean freight forwarding fundamentals, FBR Capital Markets said.
F5 Networks was upgraded at Needham to buy from hold. $85 price target. Company is a premier networking name and appears oversold at current levels, Needham said.
International Flavors & Fragrances was upgraded at KeyBanc to buy given sales momentum, emerging-market and defensive exposures, KeyBanc said. Price target is $94.
3M was downgraded at Morgan Stanley to equal weight from overweight. Limited multiple expansion opportunity, said Morgan Stanley. Price target is $112.
Marvell Technology was upgraded at Lazard Capital Markets to buy from neutral. $15 price target. Untapped potential in mobile, Lazard Capital Markets said.
Annaly Capital was downgraded to hold at TheStreet Ratings.
Regeneron was upgraded at Piper Jaffray to overweight from neutral. $274 price target. EYLEA should continue to drive near-term growth, Piper Jaffray said.
Steel Dynamics was upgraded at Wells Fargo to outperform. Stronger spot sheet prices and declining input costs, said Wells Fargo. Price target range goes to $17-$19.
Tyco International was upgraded at Morgan Stanley to overweight. Self-help initiatives and industry growth expectations, said Morgan Stanley. Price target goes to $39.
Valero Energy was downgraded at J.P. Morgan to underweight from neutral. $39 price target. Near-term headwinds from weaker second-half stock performance and weaker Brent WTi differential, J.P. Morgan said.
United Microelectronics was upgraded to buy at TheStreet Ratings.
WhiteWave Foods was upgraded at Morgan Stanley to overweight from equal weight. $19 price target. Recent stock weakness offers a compelling entry point in U.S. food, Morgan Stanley said.
STOCK COMMENTS/EPS CHANGES
Blackberry numbers were cut at UBS. Earnings estimates were reduced given subscriber losses and weak metrics, said UBS. Price target is $10.
Cisco Systems numbers were raised at Piper Jaffray. Shares are now seen reaching $28. Estimates were also increased, as the company appears to be gaining momentum in core markets, Piper Jaffray said. Overweight rating.
Monster Beverage numbers were raised at Morgan Stanley. Earnings estimates were raised given recent scanner/shipment data, said Morgan Stanley. Price target goes to $70.
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