Upgrades & Downgrades

Format: 2015-07-29
Format: 22:14

Change in Ratings

Adobe Systems downgraded at JMP
Jun 20, 2012 | 7:55 AM EDT

ADBE was downgraded from Market Perform to Underperform, JMP Securities said. $26 price target. Company cut its sales outlook and has exposure to Europe. 

Acme Packet downgraded at Jefferies
Jun 20, 2012 | 7:58 AM EDT

Shares of APKT downgraded to Holg from Buy, Jefferies said. $21 price target. Hesitation by carriers to invest in wireline.

Beam upgraded at Argus
Jun 20, 2012 | 8:24 AM EDT

BEAM was upgraded from Hold to Buy, Argus said. $74 price target. Company could be a possible takeover target. 

 

Bullish
Choice Hotels upgraded at Baird
Jun 20, 2012 | 7:08 AM EDT

CHH was upgraded from Underperform to Netural, Robert Baird said. $38 price target. Company is returning cash to shareholders and shorts may soon be scrambling to cover. 

 

Bearish
Rockwell Collins downgraded at Goldman
Jun 20, 2012 | 7:24 AM EDT

COL was downgraded to Sell, Goldman Sachs said. Company is facing increased competition and has high exposure to the defense sector. $46 price target. 

Bearish
ConocoPhillips downgraded at Goldman
Jun 20, 2012 | 8:31 AM EDT

COP was downgraded from Neutral to Sell, Goldman Sachs said. Valuation call, based on a $58 price target. 

Cisco upgraded at BMO
Jun 20, 2012 | 7:51 AM EDT

CSCO was upgraded from Market Perform to Outperform, BMO Capital said. $21 price target. Solid, growing cash flow deserves a higher multiple. 

Citrix Systems rated new Hold at ThinkEquity
Jun 20, 2012 | 8:33 AM EDT

CTXS was initiated with a Hold rating, ThinkEquity said. $84 price target. Company faces growth risks in Europe. 

Bearish
Coventry Health downgraded at Leerink
Jun 20, 2012 | 7:52 AM EDT

CVH was downgraded to Market Perform, Leerink Swann said. Risk/reward is less favorable, ahead of the Supreme Court decision on healthcare reform. 

Bullish
Community Health rated new Buy at UBS
Jun 20, 2012 | 7:48 AM EDT

CYH was initiated with a Buy rating, UBS said. $36 price target. Leader in non urban hospital market with a growth track record.

Huntington Bancshares rated new Neutral at JP Morgan
Jun 20, 2012 | 7:58 AM EDT

HBAN was initiated with a Neutral rating, JP Morgan said. Company still lags in several key metrics. $7 price target. 

Bullish
HCA Holdings rated new Buy at UBS
Jun 20, 2012 | 7:50 AM EDT

HCA was initiated with a Buy rating, UBS said. $34 price target. Nation's largest healthcare provider focused on fast growing markets.

Bullish
Huntington Ingalls upgraded at Goldman
Jun 20, 2012 | 7:25 AM EDT

HII was upgraded from Sell to Neutral, Goldman Sachs said. $39 price target. Navy demand should remain strong, relative to other areas of defense. 

Bullish
Health Management Associates rated new Buy at UBS
Jun 20, 2012 | 7:52 AM EDT

HMA was initiated with a Buy rating, UBS said. $11 price target. Leading hospital operator in fast growing southeast non-urban market.

HSN downgraded at Citigroup
Jun 20, 2012 | 8:09 AM EDT

HSNI was downgraded to Neutral from Buy, Citigroup said. $42.50 price target. Strong recent performance in shares.

Bullish
NV Energy upgraded at BofA/Merrill
Jun 20, 2012 | 8:01 AM EDT

NVE was upgraded from Neutral to Buy, Bank of America/Merrill Lynch said. Company has solid earnings quality and can grow the dividend faster than its peers. $19 price target. 

Rosetta Resources downgraded at BMO
Jun 20, 2012 | 8:11 AM EDT

ROSE was downgraded to Market Perform, BMO Capital said. $40 price target. NGL pricing could remain a headwind. 

Bearish
Southern Company downgraded at BofA/Merrill
Jun 20, 2012 | 8:09 AM EDT

SO was downgraded from Buy to Neutral, Bank of America/Merrill Lynch said. Valuation call, based on a $48 price target. 

Update
Universal Health Services rated new Neutral at UBS
Jun 20, 2012 | 7:53 AM EDT

UHS was initiated with a Neutral rating, UBS said. $43 price target. Strong behavioral segment results building on PSI acquisition.

Bullish
UnitedHealth rated new Buy at Cantor
Jun 20, 2012 | 7:11 AM EDT

UNH was initiated with a Buy rating, Cantor Fitzgerald said. $70 price target. Company is seeing above-average enrollment growth and can deliver solid earnings growth. 

 

Bearish
Walgreen downgraded at Argus
Jun 20, 2012 | 8:30 AM EDT

WAG was downgraded from Buy to Hold, Argus said. Alliance Boots purchase complicates the company's business model. 

 

Bullish
Whole Foods rated new Buy at Cantor
Jun 20, 2012 | 7:10 AM EDT

Coverage of WFM was started with a Buy rating, Cantor Fitzgerald said. $104 price target. Company should continue to execute at peak levels. 

 

Update
Wellpoint rated new Hold at Cantor
Jun 20, 2012 | 7:13 AM EDT

Coverage of WLP was started with a Hold rating, Cantor Fitzgerald said. $75 price target. Company still needs to show that enrollment and earnings can improve. 

 

 

Bearish
Wellpoint downgraded at Leerink
Jun 20, 2012 | 7:45 AM EDT

WLP was downgraded from Outperform to Market Perform, Leerink Swann said. Valuation call; as the stock is up 8% this month, ahead of the Supreme Court ruling on healthcare reform. 

Stock Comments / EPS Changes

Adobe Systems numbers lowered at Credit Suisse
Jun 20, 2012 | 8:13 AM EDT

ADBE estimates were cut through 2014, Credit Suisse said. Company is seeing slower growth in digital marketing. Neutral rating and new $30 price target. 

Bullish
Discover Financial Services numbers raised at Jefferies
Jun 20, 2012 | 8:02 AM EDT

Shares of DFS now seen reaching $40, Jefferies said. Estimates also raised on slower card yield compression. Buy rating.

Bullish
Discover estimates, target raised at Morgan Stanley
Jun 20, 2012 | 7:42 AM EDT

Shares of DFS now seen reaching $39, according to Morgan Stanley. Estimates also increased, given better credit trends. The company may also repurchase more shares. Equal-weight rating. 

Bearish
FedEx numbers lowered at Jefferies
Jun 20, 2012 | 8:03 AM EDT

Shares of FDX now seen reaching $103, Jefferies said. Estimates also lowered on lower expectations for 2013. Hold rating.

Bullish
FedEx estimates, target increased at Sterne Agee
Jun 20, 2012 | 7:44 AM EDT

FDX estimates were raised through 2013, Sterne Agee said. Company is cutting costs across the board. Buy rating and new $120 price target. 

Google estimates, target cut at Benchmark
Jun 20, 2012 | 7:54 AM EDT

Shares of GOOG now seen reaching $615, according to Benchmark. Estimates also reduced, as checks show lower online advertising in Europe and domestic search volume. Hold rating. 

Bearish
WR Grace numbers reduced at Keybanc
Jun 20, 2012 | 7:47 AM EDT

GRA estimates were cut through 2013, Keybanc said. Company is facing growth headwinds and is leveraged to a stronger dollar. Buy rating and new $73 price target. 

Bearish
JC Penney numbers cut at Credit Suisse
Jun 20, 2012 | 8:14 AM EDT

Shares of JCP now seen reaching $25, according to Credit Suisse. Estimates also reduced, as channel checks show the company is using more markdowns. 

Liberty Interactive added to TPL! at Citigroup
Jun 20, 2012 | 8:07 AM EDT

LINTA was added to Top Picks Live! at Citigroup. Passive equity stakes held by Liberty have risen significantly.

Bearish
Molson Coors numebrs cut at UBS
Jun 20, 2012 | 7:59 AM EDT

Shares of TAP now seen reaching $41, UBS said. Estimates also lowered on slowing share repurchases through 2013. Neutral rating.

Bearish
Walgreen estimates, target cut at Credit Suisse
Jun 20, 2012 | 8:16 AM EDT

WAG estimates were reduced through 2014, Credit Suisse said. Company may face slower growth in the U.S. Neutral rating and new $28 price target.

Zumiez numbers raised at Oppenheimer
Jun 20, 2012 | 7:57 AM EDT

Shares of ZUMZ now seen reaching $45, Oppenheimer said. Estimates also raised on guidance bump up. Outperform rating.

Meetings

Update
FRX Analyst Mtg.
Jun 20, 2012 | 6:46 AM EDT

Forest Laboratories, Inc. Analyst Meeting To Review Company's Late-Stage Product Development Pipeline And Commercialization Strategy - 8:30AM 

Update
Jefferies Consumer Conf.
Jun 20, 2012 | 6:48 AM EDT

Jefferies Group, Inc. Global Consumer Conference (Day 3 of 3) - 06/18/12 - 06/20/12 Nantucket, MA

Update
Deutsche Consumer Conf.
Jun 20, 2012 | 6:47 AM EDT

Deutsche Bank Global Consumer Conference

Update
Wells Healthcare Conf.
Jun 20, 2012 | 6:47 AM EDT

Wells Fargo Health Care Conference (Day 2 of 2) - 06/19/12 - 06/20/12 Boston, MA

Columnist Conversations

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