Analyst Actions -- 10/7/2011

 | Oct 07, 2011 | 9:05 AM EDT  | Comments
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Stock quotes in this article:

acn

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amd

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chk

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dal

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esrx

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gme

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ice

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ilmn

,

jcp

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luv

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mas

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mar

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swk

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wynn

Accenture rated new Buy at Deutsche

ACN was initiated with a Buy rating, Deutsche Bank said. $71 price target. Company can continue to gain market share.

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Advanced Micro upgraded at Oppenheimer

AMD was upgraded from Underperform to Perform, Oppenheimer said. Valuation call, as the stock has already dropped 21% since its latest earnings warning.

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Becton Dickinson downgraded at Citi

BDX was downgraded to Hold, Citigroup said. Valuation call, based on a $79 price target.

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Chesapeake Energy upgraded at Wells

CHK was upgraded to Outperform, Wells Fargo said. Utica and liquids business should continue to drive growth.

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Constellation Brands estimates increased at UBS

STZ estimates were raised through 2013, UBS said. Company is seeing higher sales and buying back more stock. Buy rating and $28 price target.

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Delta rated new Buy at Sterne Agee

DAL was initiated with a Buy rating, Sterne Agee said. $18 price target. Company has a strong financial base and should ultimately achieve investment grade status.

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Express Scripts estimates reduced at Morgan Stanley

ESRX estimates were cut through 2013, Morgan Stanley said. Company lowered its guidance. Overweight rating and new $55 price target.

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Gamestop rated new Outperform at Baird

GME was initiated with an Outperform rating, Robert Baird said. $29 price target. Company should see better demand heading into the holiday season.

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Harris downgraded at Benchmark

HRS was downgraded from Buy to Hold, Benchmark said. $38 price target. Company could be hurt by lower international demand and government budget delays.

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Hartford Financial estimates raised at Morgan Stanley

HIG estimates were increased through 2013, Morgan Stanley said. Company is positioned well, despite the volatile operating environment. Equal-weight rating.

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Illumina downgraded at Citi

ILMN was downgraded to Hold, Citigroup said. $44 price target. Company has limited earnings visibility.

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Illumina downgraded at Deutsche

ILMN was downgraded from Buy to Hold, Deutsche Bank said. $30 price target. Company is seeing lower spending across the globe.

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Illumina cut from Focus List at JP Morgan

ILMN was removed from the Analyst Focus list, according to JP Morgan Estimates also lowered, to match the company's guidance. $44 price target.

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Illumina downgraded at UBS

ILMN was downgraded from Buy to Neutral, UBS said. $32 price target. Estimates also cut, to match the company's new guidance.

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Intercontinental Exchange downgraded at KBW

ICE was downgraded from Outperform to Market Perform, Keefe, Bruyette & Woods said. Valuation call, based on a $140 price target.

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Invesco upgraded at BofA/Merrill

IVZ was upgraded from Neutral to Buy, Bank of America/Merrill Lynch said. Valuation call, as the stock has declined 30% this year. $25 price target.

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ITC downgraded at Deutsche

ITC was downgraded from Buy to Hold, Deutsche Bank said. $73 price target. Company could face increased regulatory risks.

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JC Penney numbers cut at Piper

JCP estimates were reduced through 2013, Piper Jaffray said. Company is seeing lower sales. Neutral rating and new $29 price target.

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Legg Mason downgraded at BofA/Merrill

LM was downgraded from Neutral to Underperform, Bank of America/Merrill Lynch said. Estimates also cut, to reflect the recent market selloff. $29 price target.

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Life Technologies downgraded at Citi

LIFE was downgraded to Hold, Citigroup said. $43 price target. Company is facing lower end-market demand.

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Marriott estimates upped at Jefferies

MAR estimates were boosted through 2012, Jefferies said. Company continues to see solid demand. Buy rating and $35 price target.

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Masco estimates, target lowered at Credit Suisse

MAS estimates were cut through 2012, Credit Suisse said. Company continues to see lower end-market demand. Neutral rating and new $7 price target.

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National Fuel Gas upgraded at Citigroup

NFG was upgraded to Buy, Citigroup said. Company is leveraged to continued growth in the Marcellus shale.

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Oneok upgraded at Citigroup

OKE was upgraded to Buy, Citigroup said. Company is leveraged to continued growth in the North America pipeline business.

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Southwest Airlines rated new Neutral at Sterne Agee

Coverage of LUV was started with a Neutral rating, Sterne Agee said. $16 price target. Company is losing some of its marginal leverage in the industry.

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Stanley Black & Decker numbers cut at Credit Suisse

Shares of SWK now seen reaching $75, according to Credit Suisse. Estimates also reduced, given lower expected demand. Outperform rating.

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Take-Two rated new Neutral at Baird

Coverage of TTWO was started with a Neutral rating, Robert Baird said. $25 price target. Stock is already pricing in a solid holiday season.

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Wynn Resorts upgraded at Credit Suisse

WYNN was upgraded from Neutral to Outperform, Credit Suisse said. $167 price target. Stock has pulled back 20% since July.

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