Analyst calls: Deere downgraded
General Motors is upgraded to 'buy,' and Pandora is initiated with a 'sell.'
Friday's noteworthy upgrades include:
- Ctrip.com (CTRP) upgraded to Neutral from Sell at Citigroup
- General Motors (GM) upgraded to Buy from Underperform at CLSA
- Standard Pacific (SPF) upgraded to Buy from Fair Value at CRT Capital
- Actuant (ATU) downgraded to Neutral from Buy at SunTrust
- Aruba Networks (ARUN) downgraded to Perform from Outperform at Oppenheimer
- Deere (DE) downgraded to Sell from Neutral at Goldman
- Disney (DIS) downgraded to Neutral from Overweight at Atlantic Equities
- HSBC (HBC) downgraded to Neutral from Outperform at Exane BNP Paribas
- Limited Brands (LTD) downgraded to Underperform from Hold at Jefferies
- Stryker (SYK) downgraded to Reduce from Neutral at SunTrust
- Universal Health (UHS) downgraded to Neutral from Positive at Susquehanna
- Williams-Sonoma (WSM) downgraded to Neutral from Buy at BofA/Merrill
- Pandora (P) downgraded to Hold from Buy at Maxim
- Brocade (BRCD) downgraded to Underperform from Market Perform at William Blair
- Applied Materials (AMAT) downgraded to Neutral from Buy at DA Davidson
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The company plans to close stores and lay off employees, and says it needs to make some deeper changes.
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