NEW YORK (TheStreet)
-- CHANGE IN RATINGS
was upgraded to buy at TheStreet Ratings.
was downgraded at Deutsche Bank to hold from buy. $25 price target. Company is seeing weak order flow from the emerging markets, Deutsche Bank said.
Cisco was downgraded at Wedbush from outperform to neutral. $23 price target. Company could face growth challenges for several quarters, Wedbush said.Lifepoint
was upgraded at Deutsche Bank to buy from hold to buy. $61 price target. M&A pipeline has tailwinds, and the company can releverage, Deutsche Bank said.Lululemon
was downgraded at Sterne Agee to underperform. $56 price target. Valuation call, as the stock is trading at a price-to-earnings ratio of 27, based estimates 2014 earnings.
NL Industries was downgraded to hold at TheStreet Ratings. PNC Financial
Office Depot was upgraded to buy at Bank of America/Merrill Lynch. $6.50 price target. Company has a new CEO and can realize sizable synergies, said BofA/Merrill.
was downgraded at Oppenheimer to perform. Valuation call, Oppenheimer said. $78 price target. Solarcity
was upgraded at Robert Baird to outperform from neutral. $71 price target. ABS has lowered the discount rate for future projects, Robert Baird said. Stock Comments / EPS Changes
Cisco was cut from the Conviction Buy List at Goldman Sachs. Company cut guidance and faces elevated near-term risks, Goldman said. $25 price target.
Cisco estimates, price target were lowered at UBS. Driven by softer sales, emerging-market weakness and lower guidance, UBS said. $26.50 price target and buy rating.
Macy's price target, estimates were lifted at UBS. Macy's boosted its numbers, UBS said. Above expected delivery on SSS despite sluggish mall traffic, UBS said. $55 price target and neutral rating.
Macy's estimates, price target were raised at Goldman Sachs. Shares are now seen reaching $54. Estimates were also increased, as the company is seeing higher sales and keeping a tight lid on costs, Goldman said. Neutral rating.
NetApp estimates, price target were reduced at Sterne Agee. Shares are now seen reaching $38. Estimates were also cut, as product growth continues to lag, Sterne Agee said. Neutral rating.
NetApp earnings estimates were decreased at Jefferies. Lump international trends and US Federal exposire hurt revenue expectations, Jefferies said. $44 price target and hold rating.
Office Depot price target, estimates were increased at UBS. Office Depot boosted its numbers, UBS said. New CEO brings large amount of experience to integrate two companies and execute synergies, UBS said.
Pharmacyclics was cut from the Best Ideas List at Wedbush. Patient assistance programs for Imbruvica will be restricted, Wedbush said.
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