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Analysts' Actions: ARO ATHN CERN CREE DAL

TheStreet Staff


AECOM was downgraded to hold at TheStreet Ratings.

Aeropostale was downgraded at Keybanc to underweight. Company is facing increased near-term pressures, Keybanc said. $10 price target.

AthenaHealth was initiated with a hold rating at Keybanc. Company will likely trail consensus EBITDA expectations next year, Keybanc said.

Broadridge was downgraded to underweight, J.P. Morgan said. Valuation call, as the sector has outperformed the broader market year to date, J.P. Morgan said.

Cerner was initiated with a buy rating at Keybanc. $60 price target. Company can exceed consensus growth expectations in 2014, Keybanc said.

Cree was downgraded at DA Davidson to neutral from buy. $65 price target. Company is seeing weaker growth, which is hurting margins, DA Davidson said.

Delta Air Lines was downgraded at J.P. Morgan to neutral. Uncertainty about mergers could hurt the entire industry, J.P. Morgan said.

Global Payments was downgraded at J.P. Morgan to neutral. Industry is facing increased regulatory scrutiny, J.P. Morgan said.

GlaxoSmithKline was upgraded to neutral at J.P. Morgan. Upcoming catalysts balance out earnings risk, J.P. Morgan said.

Hartford Financial Services was upgraded to buy at TheStreet Ratings.

US Airways was downgraded to neutral at J.P. Morgan. AMR merger is facing increased regulatory scrutiny, J.P. Morgan said.

US Airways was downgraded at Deutsche Bank to hold from buy. DOJ lawsuit is an unfortunate surprise, Deutsche Bank said.

Petrologistics was downgraded at UBS to neutral from buy and given a $12 price target. The ratio of oil to gas is expected to decline and interest rates will rise negatively impacting the company, UBS said.

Pepco was downgraded at Williams Capital to hold from buy. $21 price target. Market expectations for rate-base growth appear optimistic, Williams Capital said.

Parexel was downgraded at Sterne Agee to underperform. $36 price target. Operating margin guidance appears aggressive, Sterne Agee said.

Western Union was downgraded at J.P. Morgan to underweight. Valuation call, as the stock is up 37% year to date, J.P. Morgan said.

Stock Comments / EPS Changes

Apollo Global numbers were raised at Citigroup. Earnings estimates were raised to reflect stronger credit-centric FPAUM growth, said Citigroup. Price target is boosted to $34.

Brocade numbers were raised at UBS. Earnings estimates were raised on reduced costs and solid operating cash flow, said UBS. Price target was boosted to $8.

Brocade estimates, price target were raised at BMO Capital. Estimates were also increased, given higher SAN demand, said BMO Capital. Market Perform rating.

Target estimates were reduced at Wells Fargo. Estimates were cut through 2014. Company likely will post weaker sales trends.

Target estimates were raised at UBS. Estimates were raised given increased sales leverage in second quarter, said UBS. Price target is $73.

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