Analyst calls: Caterpillar downgraded
Lululemon is initiated with an 'overweight,' and Yahoo is upgraded to 'buy.'
Wednesday's noteworthy upgrades include:
- Gold Fields (GFI) upgraded to Buy from Hold at Deutsche Bank
- NCR Corp. (NCR) upgraded to Buy from Neutral at Compass Point
- Yahoo (YHOO) upgraded to Buy from Neutral at BofA/Merrill
- ARM Holdings (ARMH) upgraded to Conviction Buy from Buy at Goldman
- Syngenta (SYT) upgraded to Buy from Neutral at Nomura
Wednesday's noteworthy downgrades include:
- Cirrus Logic (CRUS) downgraded to Buy from Strong Buy at Needham
- DreamWorks (DWA) downgraded to Negative from Neutral at Susquehanna
- Pepco Holdings (POM) downgraded to Underperform from Neutral at Credit Suisse
- Grainger (GWW) downgraded to Neutral from Buy at Longbow
- Caterpillar (CAT) downgraded at Macquarie
- Deere (DE) downgraded to Neutral from Outperform at Macquarie
- Casey's General Stores (CASY) initiated with a Neutral at Goldman
- DISH (DISH) initiated with a Hold at Stifel
- DirecTV (DTV) initiated with a Buy at Stifel
- Group 1 Automotive (GPI) initiated with a Neutral at Credit Suisse
- Qihoo 360 (QIHU) initiated with an Overweight at Barclays
- Workday (WDAY) initiated with an Outperform at Wedbush
- Lululemon (LULU) initiated with an Overweight at Barclays
- Five Below (FIVE) initiated with a Buy at Dougherty
- Aeropostale (ARO) initiated with a Hold at Maxim
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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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