Acme Packet numbers cut at Credit Suisse
APKT estimates were reduced through 2013, Credit Suisse said. Company lowered its guidance. Outperform rating and new $77 price target.
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Acme Packet upgraded at Wedbush
APKT was upgraded to Outperform, Wedbush Securities said. $45 price target. Stock is attractive following the sharp selloff, given the new contract with AT&T.
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Apollo upgraded at Credit Suisse
APOL was upgraded from Neutral to Outperform, Credit Suisse said. $47 price target. Estimates also boosted, given better student starts and earnings prospects.
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Apple estimates raised, target cut at ThinkEquity
Shares of AAPL now seen reaching $450, according to ThinkEquity. On the other hand, estimates were increased, given continued product momentum. Buy rating.
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Bristol-Myers target boosted at BofA/Merrill
Shares of BMY now seen reaching $34, according to Bank of America/Merrill Lynch. Yervoy could help drive growth in the coming quarters. Neutral rating.
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Broadcom estimates, target reduced at Morgan Stanley
Shares of BRCM now seen reaching $40, according to Morgan Stanley. Estimates also cut, as the chip sector appears to be in a recessionary cycle. Overweight rating.
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Carmax downgraded at Credit Suisse
KMX was downgraded from Outperform to Neutral, Credit Suisse said. Company is facing difficult growth comparisons.
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CBS upgraded at Citigroup
CBS was upgraded from Hold to Buy, Citigroup said. $27 price target. Asymmetric risk-reward.
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Citrix Systems rated new Hold at Jefferies
CTXS was initiated with a Hold rating, Jefferies said. $62 price target. Concerned that ROI on desktop virtualization makes it a more discretionary purchase.
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CME Group estimates raised at BMO
CME estimates increased through 2012, BMO Capital Markets said. Positive guidance and September monthly statistics reported at analyst day. Outperform rating.
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CME Group estimates raised at UBS
CME estimates increased through 2012, UBS said. Analyst day highlights multiple secular growth drivers, strong positioning. Maintain $325 price target and Buy rating.
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Dick's Sporting Goods downgraded at Credit Suisse
DKS was downgraded to Neutral from Outperform, Credit Suisse said. Company could see growth decelerate.
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Dow Chemical estimates, target lowered at Citigroup
Shares of DOW now seen reaching $32, according to Citigroup. Estimates also lowered given some slowfown in the company's business. Buy rating.
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Dow Chemical target lowered at Jefferies
Shares of DOW now seen reaching $26, according to Jefferies. Demand is starting to flatten. Hold rating.
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Global Payments estimates increased at Sterne Agee
GPN estimates were raised through 2013, Sterne Agee said. Company is seeing better currency rates and buying back more stock. Buy rating and $55 price target.
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Hewlett-Packard estimates, target lowered at Citigroup
Shares of HPQ now seen reaching $28, according to Citigroup. Estimates also lowered on lack of near term catalysts and multiple issues facing the company.
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Hewlett-Packard downgraded at JP Morgan
HPQ was downgraded from Neutral to Underweight, JP Morgan said. $20 price target. Company faces multiple growth headwinds.
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Home Depot downgraded at Goldman
HD was downgraded from Buy to Neutral, Goldman Sachs said. Company is seeing facing cyclical tailwinds. $36 price target.
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Hospira estimates, target cut at Citigroup
Shares of HSP now seen reaching $39, according to Citigroup. Estimates also lowered to reflect SIP and Device headwinds. Maintain Hold rating.
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Lazard estimates, target cut at JMP
Shares of LAZ now seen reaching $40, according to JMP Securities. Estimates also reduced, given lower merger and asset management results. Outperform rating.
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LinkedIn rated new Hold at Jefferies
Coverage of LNKD was started with a Hold rating, Jefferies said. Valuation call, based on an $81 price target.
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Mednax rated new Neutral at Credit Suisse
MD was initiated with a Neutral rating, Credit Suisse said. $67 price target. Company's expansion could be hampered by macro issues.
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Netflix rated new Neutral at Sterne Agee
NFLX was initiated with a Neutral rating, Sterne Agee said. Company faces several near-term growth risks.
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News Corp estimates raised at BMO
NWSA estimates increased through 2013, BMO Capital Markets said. Aggressive share repurchases should push EPS higher. Market Perform rating.
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Nielsen upgraded at Goldman
NLSN was upgraded from Neutral to Buy, Goldman Sachs said. $31 price target. Company should continue to deliver solid growth.
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Petsmart downgraded at Goldman
PETM was downgraded from Buy to Neutral, Goldman Sachs said. $46 price target. Company is facing difficult margin comparisons.
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Polyone downgraded at Keybanc
POL was downgraded from Buy to Hold, Keybanc said. Company will likely see decelerating volume growth in the current economic environment.
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Red Hat estimates, target lowered at UBS
Shares of RHT now seen reaching $50, according to UBS. Estimates also lowered on margin pressures due to Gluster acquisition. Buy rating.
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Rockwood upgraded at JP Morgan
ROC was upgraded from Neutral to Overweight, JP Morgan said. $42 price target. Stock is inexpensive, following a 45% decline.
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Salesforce.com rated new Neutral at Ticonderoga
Coverage of CRM was started with a Neutral rating, Ticonderoga Securities said. Expenses continue to grow at a rapid pace.
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Sprint Nextel rated new Equal-weight at Evercore
Coverage of S was started with an Equal-weight rating, Evercore Partners said. $3 price target. Company remains in transition.
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Thermo Fisher rated new Outperform at Oppenheimer
TMO was initiated with an Outperform rating, Oppenheimer said. $63 price target. Company has a strong base of recurring revenue and should continue to buy back stock.
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Time Warner target, estimates cut at BMO
Shares of TWX now seen reaching $40, according to BMO Capital Markets. Estimates also lowered on lower advertising expectations
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Verizon rated new Equal-weight at Evercore
VZ was initiated with an Equal-weight rating, Evercore Partners said. Valuation call, based on a $38.50 price target.
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Viacom estimates, target lowered at BMO
Shares of VIA now seen reaching $59, according to BMO Capital Markets. Estimates also lowered on lower advertising expectations at cable networks. Outperform rating.
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VMware rated new Buy at Jefferies
VMW was initiated with a Buy rating, Jefferies said. $100 price target. Strong strategy of dominating x86 server virtualization and launching into adjacent areas.
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Walt Disney upgraded at Citigroup
DIS was upgraded from Hold to Buy, Citigroup said. $36 price target. Attractive valuation despite below consensus EPS.
