Acme Packet (APKT) , PNC Financial (PNC), Ariad (ARIA), Garmin (GRMN), Toll Brothers (TOL) and KB Home (KB) were upgraded or downgraded by analysts.
Acme Packet (APKT) initiated with a Buy at Jefferies Target $35.
PNC Financial (PNC) downgraded to Market Perform from Outperform at Bernstein.Bernstein downgraded PNC Financial citing lack of catalysts and valuation. Price target lowered to $67 from $69.
Ariad (ARIA) initiated with a Buy at Maxim Target $20.
Garmin (GRMN) upgraded to Buy from Hold at Canaccord.Canaccord upgraded Garmin believes Garmin's PND segment will stabilize in a couple of quarters and that the OEM business is gaining traction. Price target raised to $47.50.
Toll Brothers (TOL) downgraded to Neutral from Buy at UBS.UBS downgraded Toll Brothers based on valuation. Price target remains $25.
KB Home (KB) downgraded to Sell from Neutral at UBS.UBS downgraded KB Home based on relative valuation. Price target remains $7.
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