Upgrades & Downgrades

Format: 2015-09-01
Format: 04:03

Change in Ratings

Bearish
AutoZone downgraded at Oppenheimer
Dec 06, 2012 | 8:20 AM EST

Shares of AZO downgraded to Perform from Outperform, Oppenheimer said. $400 price target. Recent sales weakness.

Bullish
Brown-Forman upgraded at DA Davidson
Dec 06, 2012 | 7:40 AM EST

BF.B was upgraded from Neutral to Buy, DA Davidson said. $75 price target. Estimates also boosted, as the company can gain market share in a solid industry.

Bullish
Chevron upgraded at Dahlman
Dec 06, 2012 | 7:37 AM EST

CVX was upgraded from Hold to Buy, Dahlman Rose said. $120 price target. Gorgon LNC project costs will likely be in-line with expectations.

 

Bearish
Freeport-McMoRan downgraded at Citigroup
Dec 06, 2012 | 8:13 AM EST

FCX was downgraded to Neutral from Buy, Citigroup said. $35 price target. Recent acquisitions appear dilutive. 

Bearish
Freeport-McMoran downgraded at Deutsche
Dec 06, 2012 | 7:08 AM EST

FCX was downgraded from Buy to Hold, Deutsche Bank said. $40 price target. Acquisitions are a big change in strategy and very dilutive. 

Bearish
Freeport-McMoran downgraded at Goldman
Dec 06, 2012 | 7:42 AM EST

FCX was downgraded from Buy to Neutral, Goldman Sachs said. $38 price target. Proposed acquisitions put the stock in the penalty box.

Bearish
Freeport-McMoran downgraded at BMO
Dec 06, 2012 | 7:48 AM EST

FCX was downgraded to Market Perform, BMO Capital said. $30 price target. Acquisitions add a lot of debt and change the company's strategy. 

Bullish
Fusion-io rated new Buy at BofA/Merrill
Dec 06, 2012 | 6:51 AM EST

FIO was initiated with a Buy rating, Bank of America/Merrill Lynch said. $30 price target. Company is a clear market leader in an industry with low penetration.

Bearish
W.W. Grainger downgraded at UBS
Dec 06, 2012 | 8:06 AM EST

GWW was downgraded to Neutral from Buy, UBS said. $202 price target. Market share outlook deteriorates. 

Update
Lions Gate rated new Neutral at Goldman
Dec 06, 2012 | 7:45 AM EST

Coverage of LGF was started with a Neutral rating, Goldman Sachs said. $18 price target. Valuation call, as the stock is up 92% year-to-date.

Mellanox rated new Neutral at UBS
Dec 06, 2012 | 8:07 AM EST

MLNX was initiated with a Neutral rating, UBS said. $70 price target. Strong fundamentals, but valuation full. 

Bullish
Ocwen Financial upgraded at KBW
Dec 06, 2012 | 7:11 AM EST

OCN was upgraded from Market Perform to Outperform, Keefe, Bruyette & Woods said. $40 price target. Stock is attractive, following the recent selloff.

Starbucks upgraded at Baird
Dec 06, 2012 | 7:10 AM EST

SBUX was upgraded to Outperform from Neutral, Robert Baird said. $62 price target. Company can deliver solid earnings momentum over the next 12-24 months.

Bearish
Scripps Networks downgraded at Goldman
Dec 06, 2012 | 7:46 AM EST

SNI was downgraded from Buy to Neutral, Goldman Sachs said. $65 price target. Estimates also reduced, given lower Food Network ratings. 

Stock Comments / EPS Changes

Bullish
Canadian Pacific numbers raised at Citigroup
Dec 06, 2012 | 8:17 AM EST

Shares of CP now seen reaching $111, Citigroup said. Estimates also increased as turnaround transition to execution. 

Bearish
El Paso Electric numbers lowered at Jefferies
Dec 06, 2012 | 8:24 AM EST

Shares of EE now seen reaching $32, Jefferies said. Estimates also lowered on loss of AFUDC contribution. Hold rating.

Bullish
Lowe's numbers raised at Jefferies
Dec 06, 2012 | 8:26 AM EST

Shares of LOW now seen reaching $32, Jefferies said. Estimates also raised on positive analyst meeting. Hold rating.

Bullish
Mednax estimates, target raised at Piper
Dec 06, 2012 | 7:08 AM EST

Shares of MD now seen reaching $91, according to Piper Jaffray.  Estimates also increased, given Medicare rate parity. Overweight rating.

MarketAxess numbers increased at BMO
Dec 06, 2012 | 7:55 AM EST

MKTX estimates were raised through 2014, BMO Capital said. Company is leveraged to higher cash credit activity and is also taking market share. Market Perform rating and new $34 price target. 

Bearish
AT&T estimates, target cut at Guggenheim
Dec 06, 2012 | 7:09 AM EST

Shares of T now seen reaching $33.50, according to Guggenheim. Estimates also reduced, given higher expected smartphone subsidies. Neutral rating. 

Bullish
Vera Bradley numbers raised at Jefferies
Dec 06, 2012 | 8:27 AM EST

Shares of VRA now seen reaching $22, Jefferies said. Estimates also raised on all around solid quarter. Hold rating.

Verint Systems numbers lowered at Oppenheimer
Dec 06, 2012 | 8:22 AM EST

Shares of VRNT now seen reaching $41, Oppenheimer said. Estimates also lowered on near- term headwinds in Europe. Outperform rating.

Verint estimates, target lowered at JP Morgan
Dec 06, 2012 | 7:57 AM EST

Shares of VRNT now seen reaching $35.50, according to JP Morgan. Estimates also cut, given a weaker business mix and slower growth in Europe. Overweight rating. 

Meetings

BRCM Analyst Mtg.
Dec 06, 2012 | 7:17 AM EST

Broadcom Annual Analyst Day - 11:30AM

Update
YUM Investor Mtg.
Dec 06, 2012 | 7:18 AM EST

Yum! Brands, Inc. Investor Meeting - 8:45AM New York, NY

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