Analyst calls: Salesforce.com upgraded to 'buy'
Deckers Outdoor downgraded to 'neutral,' and Gap downgraded to 'underperform.'
Friday's noteworthy upgrades include:
- Target (TGT) upgraded to Buy from Hold at Jefferies
- Marriott (MAR) upgraded to Conviction Buy from Buy at Goldman
- Baxter (BAX) upgraded to Neutral from Sell at Citigroup
- Under Armour (UA) upgraded to Overweight from Equal Weight at Morgan Stanley
- AvalonBay (AVB) upgraded to Outperform from Underperform at Credit Suisse
- Procter & Gamble (PG) upgraded to Buy from Neutral at Buckingham
- Salesforce.com (CRM) upgraded to Buy from Hold at ThinkEquity
- Deckers Outdoor (DECK) downgraded to Neutral from Outperform at Credit Suisse
- Trina Solar (TSL) downgraded to Market Perform from Outperform at Wells Fargo
- Newfield Exploration (NFX) downgraded to Equal Weight from Overweight at Barclays
- NII Holdings (NIHD) downgraded to Neutral from Overweight at JPMorgan
- Gap (GPS) downgraded to Underperform from Market Perform at Raymond James
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The company is scrambling to protect its equities arm, which could face declining volume and revenue as competitors close the gap.
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