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Bearish Calls on DSW and Cisco, Time Warner Cable Gets Upgrade


In Monday's Analysts' Actions, Cisco and DSW get downgrades and Time Warner Cable gets an upgrade. DSW (DSW) was downgraded at Sterne Agee to 'underperform' from 'neutral.' The firm said, 'a lack of fashion trends and a cool start to spring certainly hurt business' The price target is $23 dollars a share, that's about a 15% to the downside from where the stock is currently trading. Cisco (CSCO) was also downgraded. The stock is now rated a 'sector perform' from 'outperform' at Pacific Crest Securities. Price target is unchanged at $26 per share. The analysts at Pacific Crest believe the stock is fully valued as the company attempts to enter new markets through acquisitions. Time Warner Cable (TWC) was upgraded at Wunderlich Securities to a 'buy' from 'hold.' The price target was also raised to $190 from $146. The firm says it expects the possible merger with Comcast to receive regulatory approval. TheStreet's Susannah Lee has the report from Wall Street.