Analyst Actions -- 10/5/2011

 | Oct 05, 2011 | 8:16 AM EDT  | Comments
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Stock quotes in this article:

cbs

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cme

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dow

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hpq

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rht

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dis

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vz

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s

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crm

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hd

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apkt

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bmy

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nflx

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brcm. aapl

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.

 

Columnist Conversations

Just some resistance to be aware of. Not saying it will cap the market, just that it is there for a decision....
Shares of Amazon (AMZN) are trading down below the 50% retracement level of their 2014 range in the after-hour...
Conclusion LNKD has a strong upward trend in revenue, has maintained very high gross margin % even as revenues...
Kass:
On the weaker than expected #s. From $143 to $106.

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