
Alpha Natural Resources Inc. (NYSE: ANR) was downgraded to Hold from Buy at Jefferies.
Arch Coal Inc. (NYSE: ACI) was downgraded to Hold from Buy at Jefferies.
BioMarin Pharmaceutical Inc. (NASDAQ: BMRN) was downgraded to Neutral from Buy at Goldman Sachs.
BlackBerry Ltd. (NASDAQ: BBRY) was maintained as Neutral with a $7 target price (versus a $9.18 close) at Credit Suisse ahead of this week’s coming earnings report. It is de-emphasizing devices and said the cash burn rate should start to stabilize.
CSX Corp. (NYSE: CSX) was reiterated as Buy with a $32 price target at Bank of America Merrill Lynch, but the railroad operator was added to the firm’s key US 1 list as one of its top 2014 picks.
Himax Technologies Inc. (NASDAQ: HIMX) was downgraded to Underperform from Buy, and the price target was slashed almost 30% to $12.50 (versus a $13.38 close), at Merrill Lynch.
Navistar International Corp. (NYSE: NAV) was downgraded to Neutral from Buy at UBS.
NPS Pharmaceuticals Inc. (NASDAQ: NPSP) was started with a Buy rating and a price target of $45 at Goldman Sachs.
Pall Corp. (NYSE: PLL) was reiterated as Outperform at Credit Suisse. The firm says it is a self-help story that is still intact, so it is raising the target price to $102 from $94.
PACCAR Inc. (NASDAQ: PCAR) was raised to Buy from Neutral and the price target was raised to $80 from $74 at Goldman Sachs.
Palo Alto Networks Inc. (NYSE: PANW) was raised to Outperform from Market Perform and the price target was raised to $90 from $80 (versus a $73.13 close) by FBR Capital Markets.
PulteGroup Inc. (NYSE: PHM) was downgraded to Underweight from Equal Weight at Barclays, although the $20 price target is slightly higher than the $18.84 closing bell price.
Rackspace Inc. (NYSE: RAX) was raised to Overweight from Equal Weight by Morgan Stanley.
Spirit Airlines Inc. (NASDAQ: SAVE) was started as Buy at SunTrust Robinson Humphreys.
Varonis Systems Inc. (NASDAQ: VRNS) saw its quiet period come to an end: Jefferies and Needham started it as Buy, RC Capital Markets started it as Outperform and Barclays started it as Equal Weight.