Analyst calls: FLR, ANN, HSY, BEAT ...

Filed under: Analyst upgrades and downgrades, Hershey Co (HSY), Analyst initiations

Analyst upgrades:

• Stanford raised Fluor (NYSE: FLR) to Hold from Sell primarily due to valuation.


• Citigroup upgraded Cadence Designs (NASDAQ: CDNS) to Buy from Hold because they think the company's cost restructuring initiative and its new CFO will be catalysts for the shares.

• Stephens dropped Ann Taylor (NYSE: ANN) to Equal Weight from Overweight because they no longer view LOFT as a compelling reason to invest in the company.
  


• Citigroup downgraded Hershey (NYSE: HSY) to Hold from Buy on valuation.
  


• KeyBanc dropped Lennox (NYSE: LII) to Hold from Buy on valuation.

• Coverage of Hershey was assumed with a Sell by Stifel, which cited valuation for its rating.


• FARO Technology (NASDAQ: FARO) was initiated by Needham with a Buy rating.


• Leerink Swann resumed coverage of Cardionet (NASDAQ: BEAT) with an Outperform, as the firm predicts that the company's technolgoy will enable it to grow substantially.

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