Upgrades & Downgrades

Format: 2015-09-01
Format: 18:35

Change in Ratings

Bearish
Alcoa downgraded at Jefferies
Sep 18, 2012 | 8:15 AM EDT

Shares of AA downgraded to Hold from Buy, Jefferies said. LME aluminum inventories are near record highs.

Bearish
Abbott Laboratories downgraded at Leerink
Sep 18, 2012 | 8:13 AM EDT

ABT was downgraded to Market Perform, Leerink Swann said. Stock is up 30% since last October and appears fairly valued ahead of the upcoming business split. 

Access Midstream Partners upgraded at Citigroup
Sep 18, 2012 | 7:45 AM EDT

ACMP was upgraded to Buy from Neutral, Citigroup said. $35 price target. Improved drop down visibility and counterparty risk profile. 

Update
Albemarle Corporation rated new Equal-weight at Morgan Stanley
Sep 18, 2012 | 8:15 AM EDT

ALB was initiated with an Equal-weight rating, Morgan Stanley said. More upside potential in other chemical "Big Ideas."

Bearish
Arrow Electronics downgraded at Miller Tabak
Sep 18, 2012 | 8:17 AM EDT

ARW was downgraded from Buy to Neutral, Miller Tabak said. $41 price target. Estimates also cut, given lower expected near-term demand. 

Bloomin Brands rated new Neutral at Deutsche
Sep 18, 2012 | 8:06 AM EDT

BLMN was initiated with a Neutral rating, Deutsche Bank said. $16 price target. Company will struggle to receive a higher multiple. 

Bullish
BMC Software upgraded at Think Equity
Sep 18, 2012 | 8:23 AM EDT

Shares of BMC upgraded to Buy from Hold, Think said. $50 price target. ESM business has bottomed.

Broadcom upgraded at RBC
Sep 18, 2012 | 8:24 AM EDT

BRCM was upgraded from Sector Perform to Outperform, RBC Capital said. $46 price target. Company has a solid product pipeline.

Bearish
Boston Scientific downgraded at Leerink
Sep 18, 2012 | 8:11 AM EDT

BSX was downgraded to Market Perform, Leerink Swann said. $6 price target. Company will struggle to grow in declining markets. 

Update
Dover Corp rated new Neutral at Citigroup
Sep 18, 2012 | 7:48 AM EDT

DOV was initiated with a Neutral rating, Citigroup said. $64 price target. Still in transition with plenty of energy. 

Bearish
Fairchild Semiconductor downgraded at Miller Tabak
Sep 18, 2012 | 8:18 AM EDT

FCS was downgraded from Buy to Neutral, Miller Tabak said. $16 price target. Company is leveraged to slower macro growth. 

Intel downgraded at RBC
Sep 18, 2012 | 8:27 AM EDT

INTC was downgraded from Outperform to Sector Perform, RBC Capital said. $24 price target. PC market faces near-term headwinds. 

Lamar Advertising upgraded at Goldman
Sep 18, 2012 | 7:15 AM EDT

LAMR was upgraded from Neutral to Buy, Goldman Sachs said. Company also placed on the Conviction List. $42 price target. Expect value from a likely REIT conversion. 

Manhattan Associates upgraded at Think
Sep 18, 2012 | 8:16 AM EDT

MANH was upgraded to Buy from Hold, ThinkEquity said. $67 price target. Steady IT spending trends. 

Bearish
Molina Healthcare downgraded at Jefferies
Sep 18, 2012 | 8:17 AM EDT

Shares of MOH downgraded to Underperform from Hold, Jefferies said. $19 price target. Poor execution.

Bearish
Marathon Petroleum downgraded at Credit Suisse
Sep 18, 2012 | 7:20 AM EDT

MPC was downgraded from Outperform to Neutral, Credit Suisse said. Valuation call, based on a $65 price target. 

Nvidia downgraded at RBC
Sep 18, 2012 | 8:30 AM EDT

NVDA was downgraded from Outperform to Sector Perform, RBC Capital said. $15 price target. Slower PC growth could weigh on the next few quarters. 

Bullish
Pall Corporation upgraded at BofA Merrill
Sep 18, 2012 | 8:13 AM EDT

PLL was upgraded to Neutral from Underperform, Bank of America Merrill Lynch said. $65 price target. Shares appear fairly valued. 

Panera Bread downgraded at Miller Tabak
Sep 18, 2012 | 8:25 AM EDT

Shares of PNRA downgraded to Hold from Buy, Miller Tabak said. $172 price target. Valuation call.

Perrigo rated new Buy at Guggenheim
Sep 18, 2012 | 7:51 AM EDT

Coverage of PRGO was started with a Buy rating, Guggenheim said. $130 price target. FDA could approve for drug classes for over-the-counter status. 

Bearish
Phillips 66 downgraded at Credit Suisse
Sep 18, 2012 | 7:18 AM EDT

PSX was downgraded from Outperform to Neutral, Credit Suisse said. $53 price target. Higher industry capacity could hurt margins. 

Schnitzer Steel downgraded at Jefferies
Sep 18, 2012 | 8:20 AM EDT

Shares of SCHN now seen reaching $31, Jefferies said. $31 price target. Steel prices poised for a material pull back.

Silicon Laboratories downgraded at Miller Tabak
Sep 18, 2012 | 8:20 AM EDT

SLAB was downgraded from Buy to Neutral, Miller Tabak said. Valuation call, based on a $41 price target. 

Bearish
Texas Instruments downgraded at RBC
Sep 18, 2012 | 8:28 AM EDT

TXN was downgraded from Outperform to Sector Perform, RBC Capital said. $28 price target. Company is seeing lower end-market demand. 

Bullish
Watson Pharmaceuticals rated new Buy at Guggenheim
Sep 18, 2012 | 7:49 AM EDT

WPI was initiated with a Buy rating, Guggenheim said. $100 price target. Large generics should benefit from new legislation. 

Stock Comments / EPS Changes

Apple estimates, target increased at BofA/Merrill
Sep 18, 2012 | 8:10 AM EDT

AAPL estimates were raised through 2014, Bank of America/Merrill Lynch said. Expect higher demand for the iPhone 5. Buy rating and new $850 price target. 

Apple estimates, target raised at Sterne Agee
Sep 18, 2012 | 7:16 AM EDT

Shares of AAPL now seen reaching $840, according to Sterne Agee. Estimates also increased, given higher realized iPhone sales. Buy rating. 

Amazon.com estimates upped at Topeka
Sep 18, 2012 | 8:14 AM EDT

AMZN estimates were boosted through 2013, Topeka Capital Markets said. Kindle Fire HD can drive near-term growth. Buy rating and $400 price target. 

Bullish
Actuant numbers raised at UBS
Sep 18, 2012 | 7:31 AM EDT

Shares of ATU now seen reaching $34, UBS said. Estimates also increased post management visit. Buy rating. 

Bearish
Boeing estimates, target reduced at Credit Suisse
Sep 18, 2012 | 7:41 AM EDT

Shares of BA now seen reaching $87.50, according to Credit Suisse. Estimates also cut, given pension headwinds. Outperform rating. 

Bed Bath & Beyond numbers raised at UBS
Sep 18, 2012 | 7:27 AM EDT

Shares of BBBY now seen reaching $72.60, UBS said. Estimates also increased as shares reflect more optimism since Q1 results. Neutral rating. 

Bullish
Eaton target raised at Oppenheimer
Sep 18, 2012 | 8:12 AM EDT

Shares of ETN now seen reaching $58, Oppenheimer said. Multiple accretion looks solid. Outperform rating.

Bullish
Health Net numbers raised at BMO Capital
Sep 18, 2012 | 8:27 AM EDT

Shares of HNT now seen reaching $17, BMO said. Estimates also raised on surge of dual enrollment. Underperform rating.

Bullish
Huntsman numbers raised at Jefferies
Sep 18, 2012 | 8:21 AM EDT

Shares of HUN now seen reaching $16, Jefferies said. Estimates also raised on cost- cutting tailwinds. Hold rating.

Questcor Pharmaceuticals numbers raised at Oppenheimer
Sep 18, 2012 | 8:14 AM EDT

Shares of QCOR now seen reaching $69, Oppenheimer said. Estimates also raised following positive commentary. Outperform rating.

Economics

Update
Current Account
Sep 18, 2012 | 6:00 AM EDT

8:30am: Current Account Trade Balance, 2Q, est. - $125.9b
(prior -$137.3b)

Update
Net TIC Flows
Sep 18, 2012 | 6:02 AM EDT

9am: Total Net TIC Flows, July (prior $16.7b)

Update
NAHB Housing Index
Sep 18, 2012 | 6:03 AM EDT

10am: NAHB Housing Market Index, Sept. est. 38 (prior 37)

Meetings

Update
DRI Investor Mtg.
Sep 18, 2012 | 6:17 AM EDT

 Darden Restaurants Annual Shareholder Meeting - 10AM

INTU Investor Mtg.
Sep 18, 2012 | 6:16 AM EDT

 Intuit Annual Investor Day - 11:30AM Mountain View, CA

Update
TYC Investor Mtg.
Sep 18, 2012 | 6:16 AM EDT

 Tyco International Investor Day - 8:30AM New York, NY

Columnist Conversations

Today's Takeaways and Observations coming up - as I fly, like my Gnome, high above the Rockies!
As the market broke hard today we added some more puts on the indices and high flyers NFLX and AAPL. 1920 on ...
It's an ugly market today with the DJIA -400 and high beta stocks like $AMBA Ambarella down 7%. Oil and energy...
Remember last week when we snuck in and bought $AAPL near $95 per share and others when the DJIA was -1000 in ...

REAL MONEY'S BEST IDEAS

News Breaks

Powered by

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.