NEW YORK (TheStreet) -- CHANGE IN RATINGS
Abercrombie & Fitch was upgraded at Bank of America/Merrill Lynch to buy. $60 price target. Company has multiple potential growth catalysts, BofA/Merrill said.
Broadcom was initiated with a buy rating at Topeka Capital Markets. $42 price target. Company is leveraged to higher network growth, Topeka Capital Markets said.
Brocade was upgraded at ISI Group to buy from neutral. $7.50 price target. Company has multiple potential near-term catalysts, ISI Group said.
Calgon Carbon was downgraded at Robert Baird to neutral from outperform. Valuation call, Baird said.
Chemtura was downgraded at Oppenheimer to underperform from perform. Stock has held up even though earnings expectations have come down considerably, Oppenheimer said.
CNET was downgraded to sell at TheStreet Ratings.
Global Eagle Entertainment was initiated with a sell rating at TheStreet Ratings.
Intel was downgraded at Piper Jaffray to underweight from neutral. $20 price target. Sentiment is improving, but cutting PC expectations once again, Piper Jaffray said.
Iron Mountain was downgraded at Stifel Nicolaus to hold from buy. Expect a lower possibility that the company will convert to a REIT, Stifel Nicolaus said.
Mannkind was downgraded at Bank of America/Merrill Lynch to neutral. Valuation call, based on an $8 price target, BofA/Merrill said.
Qualcomm was initiated with a hold rating at Topeka Capital Markets. $65 price target. Company will likely face increased competition, Topeka Capital Markets said.
Sprint Nextel was downgraded at Nomura to neutral. Valuation call, based on a $7.50 price target, Nomura said.
United Continental was upgraded at Goldman Sachs to neutral from sell. Integration fears are priced into the stock, Goldman said. $36 price target.
VMware was downgraded at Drexel Hamilton to hold from buy. Company is expected to post lower cash flow growth, Drexel Hamilton said.
Yum! Brands was upgraded at UBS to buy from neutral. The company is reaching an inflection point in China and profitability should begin to improve, UBS said. Price target goes to $80.
Stock Comments / EPS Changes
ARM Holdings price target and estimates were raised at UBS. Reflects consumers' switching from feature phones, said UBS. Price target goes to $43.90.
Blackrock estimates, price target were increased at Credit Suisse. Estimates were increased through 2015. Company is attracting more assets under management, Credit Suisse said. Neutral rating and new $281 price target.
Ciena price target and estimates were raised at UBS. Solid bookings and improving carrier spending, said UBS. Price target goes to $19.
Ciena price target and estimates were raised at Citigroup. Increased guidance, said Citigroup. The Converged Packet Optical segment is showing solid growth, Citigroup said. Price target goes to $24.
Ciena estimates, target were boosted at BMO Capital. Shares are now seen reaching $20. Company is seeing higher orders and sales, BMO Capital said. Market Perform rating.
Cooper Companies price target and estimates raised at Citigroup. Earnings estimates were raised to reflect gross margin improvements due to mix and a tax benefit, said Citigroup. Price target goes to $115.
Microsoft estimates, price target boosted at Oppenheimer to $39. Company will likely see multiple expansion, Oppenheimer said. Outperform rating.
SodaStream price target and estimates were raised at Citigroup. Market-share gains and new products will drive penetration faster than expected, said Citigroup. Price target goes to $82.
Visa estimates, price target were raised at Credit Suisse. Shares are now seen reaching $192. Company boosted guidance, Credit Suisse said. Outperform rating.
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