NEW YORK ( TheStreet
) -- CHANGE IN RATINGS
Bazaarvoice was initiated with a sell rating at TheStreet Ratings.
Cabot Oil & Gas was downgraded at Stifel Nicolaus to hold from buy. See little upside to consensus earnings expectations, Stifel Nicolaus said.
Electronic Arts was upgraded at Piper Jaffray to overweight from neutral. $23 price target. New management can turn margins around, Piper Jaffray said.
Ever-Glory International was upgraded to buy at TheStreet Ratings.
KLA-Tencor was initiated with a buy rating at Needham. $61 price target. Company can continue to expand margins and exceed consensus expectations, Needham said.
MeadWestvaco was downgraded at UBS to neutral given valuation. Activist investor involvement leads to near-term uncertainty, UBS said. Price target remains $35.
ON Semiconductor was initiated with a buy rating at Bank of America/Merrill Lynch. Opportunity for margin expansion and the Sanyo restructuring, said Bank of America Merrill Lynch. Price target is $11.
RF Micro was upgraded at Oppenheimer to outperform from perform. $7 price target. Estimates were also raised, as the company's top customers continue to perform well, Oppenheimer said.
Southwestern Energy was downgraded at Stifel Nicolaus to hold from buy. Valuation call, Stifel Nicolaus said.
STOCK COMMENTS/EPS CHANGES
Apple estimates, target were reduced at Oppenhiemer. Shares are now seen reaching $550. Estimates were also cut, as the company lacks near-term catalysts, Oppenheimer said. Outperform rating.
Anadarko Petroleum price target was boosted at Credit Suisse. Shares are now seen reaching $109. Net asset value is increasing, Credit Suisse said. Outperform rating.
Ashland estimates, price target were cut at Credit Suisse. Estimates were reduced through 2015. Company is seeing lower end-market demand. Outperform rating and new $88 price target, Credit Suisse said.
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