Analysts' Actions: FB CBI COH EXC PMCS
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Advent Software (ADVS) downgraded at Wedbush to Neutral from Outperform, Wedbush said. $30 price target. Bookings could slow, along with the rest of the market.
Advanced Energy Industries (AEIS) upgraded to buy at TheStreet Ratings.
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Alkermes PLC (ALKS) upgraded to buy at TheStreet Ratings.
Chicago Bridge & Iron (CBI) downgraded at Credit Suisse from Outperform to Neutral, Credit Suisse said. $39 price target. Shaw deal adds risk to the investment thesis.
Chicago Bridge & Iron downgraded at Lazard from Buy to Neutral, Lazard said. Shaw purchase is a divergence from the company's de-risking strategy.
Coach(COH) downgraded at Piper from Overweight to Neutral, Piper Jaffray said. $67 price target. Company will spend a few quarters investing in future growth.
Exelon (EXC) rated new Equal-weight at Morgan Stanley. Valuation call, based on a $40 price target.
Facebook (FB) upgraded at Bernstein from Underperform to Market Perform, Bernstein said. Valuation call, based on a $23 price target.
Hudson City Bancorp (HCBK) upgraded at Guggenheim to Buy from Neutral, Guggenheim said. $7 price target. Earnings should bottom in the third quarter.
PMC Sierra (PMCS) downgraded at Wunderlich to Hold, Wunderlich said. $6.50 price target. CFO left and the company has pushed out its timeline for a potential recovery.
Shaw Group (SHAW) downgraded at UBS to Neutral from Buy, UBS said. $44 price target. Stock generally prices in acquisition.
Unisource Energy (UNS) downgraded at DA Davidson from Buy to Neutral, DA Davidson said. Valuation call, following a 14% run in the stock.
Vertex Pharmaceuticals (VRTX) downgraded at Piper from Overweight to Neutral, Piper Jaffray said. $57 price target. Company is realizing lower Incivek sales.
Watsco (WSO) rated new Neutral at Lazard. Valuation call.