NEW YORK (TheStreet) -- CHANGE IN RATINGS
Advent Software ADVS downgraded at Wedbush to Neutral from Outperform, Wedbush said. $30 price target. Bookings could slow, along with the rest of the market.
Advanced Energy Industries AEIS upgraded to buy at TheStreet Ratings.
Alkermes PLC ALKS upgraded to buy at TheStreet Ratings.
Chicago Bridge & Iron CBI downgraded at Credit Suisse from Outperform to Neutral, Credit Suisse said. $39 price target. Shaw deal adds risk to the investment thesis.
Chicago Bridge & Iron downgraded at Lazard from Buy to Neutral, Lazard said. Shaw purchase is a divergence from the company's de-risking strategy.
Coach COH downgraded at Piper from Overweight to Neutral, Piper Jaffray said. $67 price target. Company will spend a few quarters investing in future growth.
Exelon EXC rated new Equal-weight at Morgan Stanley. Valuation call, based on a $40 price target.
Facebook FB upgraded at Bernstein from Underperform to Market Perform, Bernstein said. Valuation call, based on a $23 price target.
Hudson City Bancorp HCBK upgraded at Guggenheim to Buy from Neutral, Guggenheim said. $7 price target. Earnings should bottom in the third quarter.
PMC Sierra PMCS downgraded at Wunderlich to Hold, Wunderlich said. $6.50 price target. CFO left and the company has pushed out its timeline for a potential recovery.
Shaw Group SHAW downgraded at UBS to Neutral from Buy, UBS said. $44 price target. Stock generally prices in acquisition.
Unisource Energy UNS downgraded at DA Davidson from Buy to Neutral, DA Davidson said. Valuation call, following a 14% run in the stock.
Vertex Pharmaceuticals VRTX downgraded at Piper from Overweight to Neutral, Piper Jaffray said. $57 price target. Company is realizing lower Incivek sales.
Watsco WSO rated new Neutral at Lazard. Valuation call.
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STOCK COMMENTS / EPS CHANGES
Anadarko Petroleum APC estimates raised at UBS through 2013, UBS said. Strong 2Q and guidance raise. Buy rating and $105 price target. Cirrus Logic CRUS numbers increased at Sterne Agee through 2014, Sterne Agee said. Company is seeing a steep ramp in business. Buy rating and new $48 price target. Cablevision Systems CVC removed from Top Picks Live! at Citigroup. Valuation call. Buy rating and $21 price target. Group 1 Automotive GPI numbers raised at Morgan Stanley. Shares of GPI now seen reaching $46, according to Morgan Stanley. Estimates also increased, as the company is realizing higher margins. Humana HUM estimates, target reduced at Credit Suisse. HUM estimates were cut through 2013, Credit Suisse said. Company lowered its guidance. Outperform rating and new $94 price Seagate STX estimates, target cut at BofA/Merrill. Shares of STX now seen reaching $31, according to Bank of America/Merrill Lynch. Estimates also reduced, given the company's new guidance. Neutral rating. Vertex Pharmaceuticals VRTX numbers lowered at UBS. Shares of VRTX now seen reaching $60, UBS said. Estimates also lowered as Incivek guidance taken down. Buy rating. Weight Watchers WTW numbers cut at Credit Suisse. Shares of WTW now seen reaching $82, according to Credit Suisse. Estimates also reduced, given lower expected sales. Outperform rating. >To submit a news tip, email: tips@thestreet.com.
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