NEW YORK (TheStreet) -- RATINGS CHANGES
Akamai Technologies (AKAM) was upgraded at Deutsche Bank to buy from hold. Twelve-month price target is $79. Near-term capitulation in AKAM makes for an attractive entry point, as analysts are bullish on cloud security and Internet media, Deutsche Bank said.
AK Steel (AKS - Get Report) was upgraded at Credit Suisse to neutral from underperform. Twelve-month price target is $5.50. AK Steel confirmed that Magnetation debt is nonrecourse and that AKS has no legal commitments to provide further financial support to Magnetation, Credit Suisse said.
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American Public Education (APEI) was downgraded at Deutsche Bank to hold from buy. Twelve-month price target is $32. Deutsche Bank said its analysts were downgrading the stock on increasing enrollment volatility and margin pressure.
Church & Dwight (CHD) was downgraded at Oppenheimer to market perform from outperform. Valuation call, based on a 12-month price target of $90, Oppenheimer said.
Compass Minerals (CMP) was downgraded at J.P. Morgan to neutral from overweight. Twelve-month price target is $89. Estimates were also cut, as the company is investing more in future growth, J.P. Morgan said.
Entergy (ETR) was downgraded at BMO Capital to market perform. Twelve-month price target is $80. Estimates also cut, given forward market prices, BMO Capital said.
Marvell Technology (MRVL - Get Report) was downgraded at JMP Securities to market underperform from market perform. Twelve-month price target is $10. Marvell's largest customer, Western Digital (WDC), had a reporting shortfall, JMP Securities said. Marvell's also made a preannouncementthat revenue for its April quarter would be between $710 million and $740 million, due to PC and storage weakness with lower-than-expected emerging-market demand, JMP Securities also said. The midpoint of the company's revenue guidance would be down 15% quarter over quarter, and 24% year over year. The consensus was for $815 million.
National-Oilwell Varco (NOV) was downgraded at Morgan Stanley to underweight. Twelve-month price target is $53. Expect a sharp drop in demand for offshore drilling, Morgan Stanley said.
Oceaneering (OII) was downgraded at Sterne Agee CRT to neutral from buy. Twelve-month price target is $55. Estimates were also cut, as the company has weak visibility in its core business, Sterne Agee CRT said.
Parker Hannifin (PH) was downgraded at Stifel to hold from buy. Company cut guidance and consensus expectations appear too high, Stifel said.
Procter & Gamble (PG - Get Report) was downgraded at Societe Generale to hold from buy. Twelve-month price target is $86. Analysts no longer value PG on a premium to peers and after more top-line weakness, focus is on portfolio transformation, Societe Generale said.
Ryder (R - Get Report) was downgraded at Goldman Sachs to neutral from buy. Valuation call, based on a 12-month price target of $103, Goldman said.
Total System (TSS) was downgraded at Wells Fargo to market perform from outperform. Valuation call, Wells Fargo said.
Twitter (TWTR - Get Report) was downgraded at Barclays to equal-weight. Twelve-month price target is $44. Revenue is decelerating faster than expected, Barclays said.
Whitewave (WWAV) was initiated with a sector weight rating at Keybanc. Valuation call, as the company is trading at a 37% premium to its peers, Keybanc said.
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Akamai Technologies (AKAM) was upgraded at Deutsche Bank to buy from hold. Twelve-month price target is $79. Near-term capitulation in AKAM makes for an attractive entry point, as analysts are bullish on cloud security and Internet media, Deutsche Bank said.
AK Steel (AKS - Get Report) was upgraded at Credit Suisse to neutral from underperform. Twelve-month price target is $5.50. AK Steel confirmed that Magnetation debt is nonrecourse and that AKS has no legal commitments to provide further financial support to Magnetation, Credit Suisse said.
Must Read: Warren Buffett's 7 Secrets to Dividend Investing Revealed
American Public Education (APEI) was downgraded at Deutsche Bank to hold from buy. Twelve-month price target is $32. Deutsche Bank said its analysts were downgrading the stock on increasing enrollment volatility and margin pressure.
Church & Dwight (CHD) was downgraded at Oppenheimer to market perform from outperform. Valuation call, based on a 12-month price target of $90, Oppenheimer said.
Compass Minerals (CMP) was downgraded at J.P. Morgan to neutral from overweight. Twelve-month price target is $89. Estimates were also cut, as the company is investing more in future growth, J.P. Morgan said.
Entergy (ETR) was downgraded at BMO Capital to market perform. Twelve-month price target is $80. Estimates also cut, given forward market prices, BMO Capital said.
Marvell Technology (MRVL - Get Report) was downgraded at JMP Securities to market underperform from market perform. Twelve-month price target is $10. Marvell's largest customer, Western Digital (WDC), had a reporting shortfall, JMP Securities said. Marvell's also made a preannouncementthat revenue for its April quarter would be between $710 million and $740 million, due to PC and storage weakness with lower-than-expected emerging-market demand, JMP Securities also said. The midpoint of the company's revenue guidance would be down 15% quarter over quarter, and 24% year over year. The consensus was for $815 million.
National-Oilwell Varco (NOV) was downgraded at Morgan Stanley to underweight. Twelve-month price target is $53. Expect a sharp drop in demand for offshore drilling, Morgan Stanley said.
Oceaneering (OII) was downgraded at Sterne Agee CRT to neutral from buy. Twelve-month price target is $55. Estimates were also cut, as the company has weak visibility in its core business, Sterne Agee CRT said.
Parker Hannifin (PH) was downgraded at Stifel to hold from buy. Company cut guidance and consensus expectations appear too high, Stifel said.
Procter & Gamble (PG - Get Report) was downgraded at Societe Generale to hold from buy. Twelve-month price target is $86. Analysts no longer value PG on a premium to peers and after more top-line weakness, focus is on portfolio transformation, Societe Generale said.
Ryder (R - Get Report) was downgraded at Goldman Sachs to neutral from buy. Valuation call, based on a 12-month price target of $103, Goldman said.
Total System (TSS) was downgraded at Wells Fargo to market perform from outperform. Valuation call, Wells Fargo said.
Twitter (TWTR - Get Report) was downgraded at Barclays to equal-weight. Twelve-month price target is $44. Revenue is decelerating faster than expected, Barclays said.
Whitewave (WWAV) was initiated with a sector weight rating at Keybanc. Valuation call, as the company is trading at a 37% premium to its peers, Keybanc said.
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By TheStreet Staff
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