Barclays (BCS), J.B. Hunt (JBHT), Pacific Sunwear (PSUN), VMware (VMW), Thoratec (THOR), Reynolds American (RAI), CareFusion (CFN), Nokia (NOK), Ericsson (ERIC),Tesco (TESO) were upgraded or downgraded by analysts.
Barclays (BCS) upgraded to Outperform from Sector Perform at RBC Capital.RBC Capital upgraded Barclays due to an improving business mix and further cost cutting efforts.
J.B. Hunt (JBHT) downgraded to Sector Perform from Outperform at RBC Capital.RBC Capital downgraded J.B. Hunt citing lack of catalysts to drive shares higher. Price target remains $45.
Pacific Sunwear (PSUN) upgraded to Buy from Neutral at Janney Capital.Janney Capital upgraded Pacific Sunwear based on improved productivity and profitability, an inventory inflection point, and sustainable positive comps. Price target is $4.
VMware (VMW) initiated with a Buy at Sterne Agee Target $108.
Thoratec (THOR) downgraded to Neutral from Buy at UBS.UBS downgraded Thoratec based on valuation. Price target remains $34.
Reynolds American (RAI) downgraded to Neutral from Buy at UBS.UBS downgraded Reynolds American based on relative valuation. Price target is $42.
CareFusion (CFN) upgraded to Outperform from Market Perform at BMO Capital.BMO Capital expects CareFusion to benefit from secular healthcare trends given its focus on improving patient outcomes and reducing healthcare costs. Price target raised to $30.
Nokia (NOK) upgraded to Outperform from Underperform at Credit Suisse.
Ericsson (ERIC) downgraded to Neutral from Outperform at Credit Suisse
Tesco (TESO) upgraded to Buy from Accumulate at Global Hunter.Global Hunter transferred coverage on Tesco with a Buy rating from an Accumulate citing improving operating margins, potential additional top drive fleet awards, and valuation. Price target is $19.
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