Analyst Actions -- 9/14/2011

 | Sep 14, 2011 | 7:43 AM EDT  | Comments
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Stock quotes in this article:

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ctxs

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rsh

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bac

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jwn

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s

Affiliated Managers Group estimates, target lowered at Citigroup

Shares of AMG now seen reaching $107, according to Citigroup.  Estimates also lowered as deals are on pause short term given stepped up market tumult.  Buy rating.

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AFLAC target cut at UBS

AFL price target cut to $36, UBS said.  Potential pressures due to European investment portfolio exposures.  Neutral rating.

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Ameriprise Financial upgraded at Credit Suisse

AMP was upgraded from Neutral to Outperform, Credit Suisse said. Valuation call, based on a $60 price target.

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Bank of America numbers reduced at FBR

Shares of BAC now seen reaching $8, according to FBR Capital Markets. Estimates also cut, given the company's lingering mortgage liabilities. Market Perform rating.

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Best Buy estimates cut at Jefferies

BBY estimates lowered through 2011, Jefferies said.  Potential for comp store sales to remain negative.  Maintain $25 price target and Hold rating.

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Best Buy estimates raised at UBS

BBY estimates increased through 2013, UBS said.  Share repurchases and high FCF yield provide some support.  Maintain $26 price target and Neutral rating.

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CarMax target lowered at Think

KMX price target lowered to $31, ThinkEquity said.  Remain cautious on economic headwinds and high used vehicle prices.  Hold rating.

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Catalyst Health rated new Neutral at Goldman

Coverage of CHSI was started with a Neutral rating, Goldman Sachs said. Valuation call, based on a $60 price target.

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Cisco estimates increased at Sterne Agee

CSCO estimates raised through 2013, Sterne Agee said.  Upbeat tone at analyst meeting relative to competitors.  Maintain $25 price target and Buy rating.

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Citrix Systems target lowered at UBS

CTXS price target lowered to $61, UBS said.  Heightened competitive and macro risks.  Maintain Neutral rating.

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Concur Technologies estimates, target lowered at UBS

Shares of CNQR now seen reaching $42, according to UBS.  No pick up in sight.  Maintain Neutral rating.

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Core Laboratories downgraded at BofA Merrill

CLB was downgraded from Underperform to Buy, Bank of America Merrill Lynch said.  $120 price target.  Limited upside to near term estimates. 

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Cracker Barrel estimates, target lowered at BofA Merrill

Shares of CBRL now seen reaching $37, according to Bank of America Merrill Lynch.  Estimates also lowered as an especially challenging October quarter is expected.

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Cummins estimates, target trimmed at Sterne Agee

Shares of CMI now seen reaching $143, according to Sterne Agee.  Estimates also lowered to account for seasonally slower 3Q.  Maintain Buy rating.

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Denbury Resources downgraded at Sterne Agee

DNR was downgraded from Hold to Underperform, Sterne Agee said.  Company will underperform its peers over the next 12 months.

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Delta Air Lines estimates raised at Evercore

DAL estimates raised through 2011 primarily on lower fuel costs, Evercore said.  Maintain $8 price target and Underweight rating. 

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Discover Financial Services estimates, target raised at Citigroup

Shares of DFS now seen reaching $28, according to Citigroup.  Estimates also increased to reflect better credit trends.  Hold rating.

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Discover Financial numbers raised at Goldman

Shares of DFS now seen reaching $29, according to Goldman Sachs. Estimates also increased, given lower expected credit losses. Neutral rating.

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El Paso Electric downgraded at Jefferies

EE was downgraded from Hold to Underperform, Jefferies said.  $29 price target.  Negative effects of recent Show-Cause order.

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EOG Resources downgraded at Sterne Agee

EOG was downgraded from Hold to Underperform, Sterne Agee said.  Company will underperform its peers over the next 12 months.

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Hartford Financial upgraded at Credit Suisse

HIG was upgraded from Neutral to Outperform, Credit Suisse said. Company trades at a discount to its potential liquidation value. $27 price target.

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Intersil upgraded at Citigroup

ISIL was upgraded from Sell to Hold, Citigroup said.  $11 price target.  Company somewhat surprisingly lowered its 3Q sales outlook. 

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Marsh & McLennan rated new Buy at Ticonderoga

MMC was initiated with a Buy rating, Ticonderoga Securities said. $34 price target. Company appears to be firing on all cylinders.

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MEMC Electronic estimates lowered at Jefferies

WFR estimates lowered through 2012, Jefferies said.  Weak euro/dollar and lower demand.  Underperform rating.

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Nordstrom downgraded at Goldman

JWN was downgraded from Buy to Neutral, Goldman Sachs said. Valuation call, based on a $50 price target.

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RadioShack estimates, target lowered at UBS

Shares of RSH now seen reaching $13, according to UBS.  Estimates also lowered based on BBY results.  Neutral rating.

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Sprint Nextel target cut at Goldman

Shares of S now seen reaching $4.50, according to Goldman Sachs. iPhone launch will weigh on near-term EBITDA margins.

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SunPower estimates, target cut at Jefferies

Shares of SPWRA now seen reaching $12, according to Jefferies.  Estimates also lowered on euro/dollar weakness and lower demand.  Hold rating.

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Xcel Energy rated new Buy at Jefferies

XEL was initiated with a Buy rating, Jefferies said.  $27.50 price target.  Company has less regulatory exposure.

 

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