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.
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.
