Genetics, VF Corp. and More
TheStreet Staff September 15, 2016
RATINGS CHANGES
Cognizant was downgraded to neutral from buy at Goldman Sachs. $61 price target. Cyclical headwinds will likely persist longer, Goldman said.
CTrip.com was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: CTRP.
Dick's Sporting Goods was upgraded to outperform at Oppenheimer. $75 price target. Earnings estimates were also increased, as the company can continue to gain market share, Oppenheimer said.
GameStop was downgraded to hold at TheStreet Ratings. You can view the full analysis from the report here: GME.
Global Payments was upgraded to buy from neutral at Goldman Sachs. $88 price target. The company is realizing higher synergies and growth appears more sustainable, Goldman said.
Seattle Genetics was upgraded to neutral from sell at Goldman Sachs. $47 price target. Expect greater market penetration for Adcetris, Goldman said.
Syntax was downgraded to underperform from market perform at William Blair. Growth headwinds will likely persists, Blair said.
VF Corp. was downgraded to underperform from buy at Bank of America/Merrill Lynch. More tempered outlook for the company's outdoor and action brands, analysts said.
Western Refining was upgraded to neutral from underweight at JPMorgan. $28 price target. The company is reducing parent leverage through MLP financing, JPMorgan said.