NEW YORK (TheStreet) -- CHANGE IN RATINGS
American Electric was upgraded at Wells Fargo to outperform from market perform. Stock has underperformed over the past four months, but Wells Fargo said it recently had a constructive meeting with management.
BlackBerry was downgraded at Jefferies to hold from buy. $8 price target. Sub scale handset business undercuts MDM opportunity, Jefferies said.
Blackberry was upgraded at Credit Suisse to neutral from underperform. $8 price target. Estimates slashed, but risks appear fully reflected in the stock, Credit Suisse said.
Brady was downgraded at BMO Capital to underperform from market perform. $28 price target. Margins could be hurt, as the company invests more in the business, BMO Capital said.
Rockwell Collins was downgraded at Credit Suisse to neutral from outperform. $68 price target. Company is facing another transition year in 2015, Credit Suisse said.
CAI International was upgraded to buy.
Catamaran was downgraded at Morgan Stanley to market perform from outperform. Company trades at a premium to its peers and growth is maturing, Morgan Stanley said.
3D Systems was initiated with a buy rating at Bank of America/Merrill Lynch. $65 price target. Market should continue to grow over the coming quarters, BofA/Merrill said.
Dreamworks was downgraded at B. Riley to neutral from buy. Valuation call, as the stock is up 55% over the past five months, B. Riley said.
Envision Healthcare was initiated with a neutral rating at Goldman Sachs. Valuation call, based on a $26 price target, Goldman Sachs said.
Envision Healthcare was initiated with a buy rating and $32 price target at UBS. Accelerated growth will come from health reform and its increased exposure to outsourced physician services, UBS said.
KKR was upgraded to buy at TheStreet Ratings.
Michael Kors was downgraded at Jefferies to hold from buy. $80 price target. Valuation call, said Jefferies.
Southwest Airlines was upgraded at Bank of America/Merrill Lynch to neutral from underperform. $15 price target. Company should benefit from better domestic pricing, BofA/Merrill said.
Maxim was upgraded at Goldman Sachs to buy from neutral. $34 price target. Company was also added to the Conviction List. Stock has lagged the market, but expect to see an inflection point in the consumer business, Goldman Sachs said.
Open Text was upgraded at Credit Suisse to neutral from underperform. $75 price target. Deal environment is improving, Credit Suisse said.
Rockwood was downgraded at Bank of America/Merrill Lynch to neutral from buy. $73 price target. Valuation call, as the stock has gained 37% year-to-date, BofA/Merrill said.
Sherwin-Williams was upgraded at Credit Suisse to outperform from neutral. $215 price target. Company can exceed consensus expectations in the coming quarters, Credit Suisse said.
Torchmark was initiated with a buy rating and $80 price target at Deutsche Bank. $80 price target. Estimates are above consensus, as management can unlock shareholder value, Deutsche Bank said.
Towers Watson was upgraded at Deutsche Bank to buy from hold. $125 price target. Company is leveraged to grow from the new health care exchange model, Deutsche Bank said.
Ulta Beauty was downgraded at Jefferies to hold from buy. $120 price target. Fundamental strength and EPS upside will persist, but pricing in most of the good news and outlook, Jefferies said.
STOCK COMMENTS / EPS CHANGES
Accenture price target was boosted at UBS to $80. Reflects a multiple slightly above the industry average, said UBS.
Blackberry numbers were cut at Citigroup. Estimates were cut to reflect the significantly worse than expected earnings preannouncement, said Citigroup. Price target was reduced to $7.
Valspar estimates, price target were reduced at Keybanc. Shares are now seen reaching $79. Estimates were also cut, given lower industrial demand, Keybanc said. Buy rating.
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