NEW YORK (TheStreet) -- RATINGS CHANGES Automatic Data Processing was downgraded at Credit Suisse to neutral from outperform. Twelve-month price target is $82. Valuation call, Credit Suisse said. Advantest was upgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: ATE Ratings Report. Must Read: Buy These 5 'Dogs of the Dow' for Gains in the New Year American Express was upgraded at Goldman Sachs to buy from neutral. Twelve-month price target is $102. Company trades at a discount to its peers but is leveraged to improving macro trends and can gain market share, Goldman said. Cheesecake Factory was upgraded at Bank of America/Merrill Lynch to neutral. Twelve-month price target is $53. Estimates were also increased, as the company should benefit from lower dairy costs, Bank of America/Merrill Lynch said. Cigna was upgraded at Goldman Sachs to buy from neutral. Company has less exposure to potential underwriting risk and trades at a discount to its peers, Goldman said. Fossil was downgraded at Bank of America/Merrill Lynch to underperform from neutral. Twelve-month price target is $100. Growth trajectory is slowing, Bank of America/Merrill Lynch said. General Dynamics was downgraded at RBC Capital to sector perform from outperform. Twelve-month price target is $150. Valuation call, as there are better relative valuations in the sector, RBC Capital said. Garmin was upgraded at Morgan Stanley to equal-weight from underweight. Twelve-month price target is $47. Valuation call, as fitness band expectations are too low and the market appears overly pessimistic about watch competition, Morgan Stanley said. Informatica was downgraded at RBC Capital to sector perform from outperform. Valuation call, based on a $38 price target, RBC Capital said. Janus was upgraded at J.P. Morgan to overweight from underweight. Twelve-month price target is $20. Key funds are performing well, which should help turn the business around, J.P. Morgan said. Stanley Black & Decker was initiated with a hold rating at TheStreet Ratings. You can view the full analysis from the report here: SWH Ratings Report. Torchmark was downgraded at Deutsche Bank to hold from buy. Twelve-month price target is $58. Valuation call, as Medicare Part D uncertainty remains high, Deutsche Bank said. UnitedHealth was downgraded at Goldman Sachs to neutral from buy. Valuation call, as the stock has nearly doubled the return of the broader market over the past two years, Goldman said. Must Read: Fifteen Fabulously Intelligent Biotech Stock Predictions for 2015 Editor's note: To see analysts' stock comments and changes to price targets and earnings estimates, go to "Street Notes," which is available only to Real Money subscribers. To find out how to become a subscriber, please click here. Follow TheStreet on Twitter and become a fan on Facebook.
Click to view a price quote on ADP. Click to research the Computer Software & Services industry.
from Latest TSC Headlines http://ift.tt/1yAuD2y
No comments:
Post a Comment