NEW YORK (TheStreet) -- CHANGE IN RATINGS
Allstate was upgraded at Wells Fargo to outperform from market perform. Estimates were also upped, as the auto insurance market is improving, Wells Fargo said.
Barnes was initiated with a buy rating at Deutsche Bank. $41 price target. Company should benefit from a reacceleration of commercial aerospace growth, Deutsche Bank said.
Cadence Design was upgraded at DA Davidson to buy from neutral. $16 price target. Recent pullback has created a buying opportunity, DA Davidson said.
Cliffs Natural was downgraded at FBR Capital Markets to market perform from outperform. Valuation call, as the stock has rebounded 51% over the past two months, FBR Capital Markets said.
Cash America was upgraded at JMP Securities to outperform from market perform. $50 price target. Gold volatility and weak gold demand have been priced into the stock, JMP Securities said.
Morgan Stanley was upgraded at JMP Securities to outperform from market perform. $34 price target. New analyst believes the company is in the midst of an important transformation, JMP Securities said.
Netflix was downgraded at Morgan Stanley to equal weight. Valuation call, following the recent run in the stock, Morgan Stanley said.
Portland General was upgraded at Keybanc to buy from hold. $31 price target. Company can grow rate base by 50% over the next four years, Keybanc said.
Polypore was upgraded at Topeka Capital Markets to buy from hold. $51 price target. EDV adoption could gain momentum, Topeka Capital Markets said.
Symantec was downgraded at Morgan Stanley to equal weight. Company lacks near-term catalysts, Morgan Stanley said.
Wendy's was upgraded at Argus to buy from hold. $10 price target. Remodeling and new menus should drive higher sales, Argus said.
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- Banking & Budgeting
- Morgan Stanley
- Deutsche Bank