NEW YORK (TheStreet) -- CHANGE IN RATINGSAdtran ADTN downgraded at UBS to Neutral from Buy, UBS said. $17 price target. Near term headwinds, limited visibility.Aruba Networks ARUN downgraded at Goldman from Buy to Neutral, Goldman Sachs said. $23 price target. Company is investing more into its business, which is keeping a lid on margins. Con-Way CNW downgraded at BofA/Merrill to Underperform from Buy, Bank of America/Merrill Lynch said. $37 price target. Estimates also cut, given higher realized costs and a weaker freight market. Mack-Cali Realty CLI downgraded to hold at TheStreet Ratings.eBay EBAY upgraded at Nomura to Buy, Nomura said. $60 price target. Paypal can continue to drive growth over the coming quarters. Edison EIX upgraded at Morgan Stanley to Overweight, Morgan Stanley said. $52.50 price target. Company has multiple potential near-term catalysts. H&E Equipment Services HEES downgraded to hold at TheStreet Ratings.MetroPCS PCS downgraded at Nomura to Reduce, Nomura said. $10.50 price target. Merger does not fix the company's marketing and branding issues. Polycom PLCM downgraded at UBS to Neutral from Buy, UBS said. $10 price target. Uncertainty around transition.
SBA Communications SBAC upgraded at Citigroup to Buy from Neutral, Citigroup said. $74 price target. Favorable demand data points.Thor Industries THO upgraded at Wedbush from Neutral to Outperform, Wedbush said. $46 price target. Dealer feedback suggests higher customer optimism and confidence. Tripadvisor TRIP rated new Buy at Needham. $38 price target. Company is facing easier comps and is leveraged to a strengthening global economy.
STOCK COMMENTS / EPS CHANGESEMC EMC target raised at Lazard to $30, according to Lazard. New products should continue to drive growth. Buy rating. FEI FEIC estimates, target raised at BofA/Merrill. Shares of FEIC now seen reaching $58, according to Bank of America/Merrill Lynch said. Estimates also increased, as the company is realizing higher margins. Buy rating. Hewlett-Packard HPQ numbers cut at Sterne Agee. HPQ estimates were reduced through 2014, Sterne Agee said. Company slashed its guidance at the analyst meeting. Buy rating and new $21 price target. Murphy Oil MUR target raised at UBS to $62, UBS said. Valuation support from shareholder activism. Neutral rating.Panera Bread PNRA numbers increased at Keybanc.PNRA estimates were raised through 2013, Keybanc said. Sales momentum should continue into 2013. Buy rating and new $200 price target. Research in Motion RIMM estimates cut at JP Morgan through 2014, JP Morgan said. Weaker outlook for Blackberry 7 sales. Sarepta SRPT estimates, target boosted at JMP. Shares of SRPT now seen reaching $50, according to JMP Securities. Estimates also upped, given the clinical efficacy of its muscular dystrophy drug. Outperform rating. >To submit a news tip, email: email@example.com.
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