Analyst Actions -- 9/29/2011

 | Sep 29, 2011 | 11:00 AM EDT  | Comments
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Stock quotes in this article:

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jnpr

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gm

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mu

Actuant estimates, target reduced at BMO

Shares of ATU now seen reaching $29, according to BMO Capital. Estimates also cut, given higher corporate expenses. Outperform rating.

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Actuant estimates raised at UBS

ATU estimates increased through 2013, UBS said.  Company not seeing signs of macro pressure, but visibility is limited.  Maintain $24 price target and Buy rating.

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Advanced Micro downgraded at BofA/Merrill

AMD was downgraded from Neutral to Underperform, Bank of America/Merrill Lynch said. $5 price target. Estimates also cut, given the company production challenges.

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Advanced Micro numbers reduced at Goldman

Shares of AMD now seen reaching $5, according to Goldman Sachs. Estimates also lowered, to match the company's new guidance. Sell rating.

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Advanced Micro downgraded at Longbow

AMD was downgraded from Buy to Neutral, Longbow Research said. Company is being hurt by supply constraints.

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Advanced Micro downgraded at ThinkEquity

AMD was downgraded from Buy to Hold, ThinkEquity said. $6 price target. Supply issues will keep production down for new products.

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Blackstone rated new Neutral at Sterne Agee

Coverage of BX was started with a Neutral rating, Sterne Agee said. Valuation call, based on a $15 price target.

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Cablevision Systems estimates, target cut at UBS

Shares of CVC now seen reaching $18, according to UBS.  Estimates also lowered on expected PSU losses of 3K in 3Q.  Maintain Neutral rating.

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Celestica rated new Market Perform at BMO

CLS was initiated with a Market Perform rating, BMO Capital said. $8.50 price target.  Weak macro environment limits the company's earnings visibility.

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Commerce Bancshares rated new Neutral at Guggenheim

CSBH was initiated with a Neutral rating, Guggenheim Securities said. Valuation call, based on a $37 price target.

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Dolby estimates, target cut at Goldman

DLB estimates were reduced through 2013, Goldman Sachs said. Estimates also reduced, as the company is leveraged to slower growth TV and 3D. Sell rating and new $26 price target.

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Dril-Quip downgraded at JP Morgan

DRQ was downgraded from Overweight to Neutral, JP Morgan said. $72 price target. Gulf of Mexico environment is not improving.

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FMC Technologies upgraded at JP Morgan

FTI was upgraded to Overweight, JP Morgan said. $59 price target. Subsea market should rebound in 2012.

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Fossil estimates, target cut at Piper

FOSL estimates were reduced through 2013, Piper Jaffray said. Company is leveraged to weaker growth in Germany. Overweight rating and new $106 price target.

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General Motors target lowered at Jefferies

Shares of GM now seen reaching $24, according to Jefferies. Sales visibility remains poor across the industry. Hold rating.

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HSBC estimates, target lowered at UBS

Shares of HBC now seen reaching $41.49, according to UBS.  Estimates also lowered to reflect further falls in risk free rates.  Maintain Neutral rating.

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Juniper Networks numbers lowered at Goldman

Shares of JNPR now seen reaching $22, according to Goldman Sachs. Estimates also cut, as the company could face increased competition from Cisco. Neutral rating.  

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Knight Transportation numbers reduced at Keybanc

KNX estimates were cut through 2012, Keybanc said. Company is leveraged to slower economic growth. Buy rating and new $18 price target.

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Level 3 Communications estimates, target lowered at UBS

Shares of LVLT now seen reaching $1.80, according to UBS.  Estimates also lowered as management suggested small and medium businesses are pulling back.  Maintain Neutral rating.

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Micron Technology numbers lowered at Baird

MU estimates were cut through 2012, Robert Baird said. Company is seeing weaker DRAM pricing. Outperform rating and new $10 price target.

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MGM Resorts price target lowered at Citigroup

MGM price target cut to $11.20, Citigroup said.  Decline in the market value of its interest in MGM China.  Maintain Hold rating.

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Oneok upgraded at Wells Fargo

OKE was upgraded from Market Perform to Outperform, Wells Fargo said. Company has solid earnings visibility and can deliver 15% annual dividend growth.  

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Regions Financial numbers cut at Jefferies

Shares of RF now seen reaching $4, according to Jefferies. Estimates also cut, given slower expected loan growth. Hold rating.

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