Upgrades & Downgrades

Format: 2015-08-29
Format: 08:55

Change in Ratings

Bullish
ABM Industries upgraded at Keybanc
Dec 12, 2012 | 7:38 AM EST

ABM was upgraded from Hold to Buy, Keybanc said. $25 price target. Expectations appear to have bottomed heading into 2013. 

Update
Crane rated new Hold at Topeka
Dec 12, 2012 | 7:39 AM EST

Coverage of CR was started with a Hold rating, Topeka Capital said. $44 price target. Company has limited near-term visibility. 

Deckers Outdoor rated new Buy at Janney
Dec 12, 2012 | 7:05 AM EST

DECK was initiated with a Buy rating, Janney Montgomery said. $50 price target. Stock is already pricing in potential near-term weakness, ahead of an eventual turnaround. 

 

Bearish
IDEX downgraded at Brean
Dec 12, 2012 | 6:53 AM EST

IEX was downgraded from Buy to Hold, Brean Murray said. Valuation call, based on a $45 price tagret. 

Bearish
Knight Transportation downgraded at BofA/Merrill
Dec 12, 2012 | 7:37 AM EST

KNX was downgraded from Buy to Neutral, Bank of America/Merrill Lynch said. $16 price target. Estimates also cut, following a bearish proprietary industry survey. 

Update
Nike rated new Neutral at JP Morgan
Dec 12, 2012 | 8:24 AM EST

Coverage of NKE was started with a Neutral rating, JP Morgan said. Valuation call, based on a $100 price target. 

OpenTable rated new Overweight at JP Morgan
Dec 12, 2012 | 8:28 AM EST

OPEN was initiated with an Overweight rating, JP Morgan said. $53 price target. Company is a market leader with significant yield potential. 

Bullish
Prosperity Bancshares upgraded at Baird
Dec 12, 2012 | 6:59 AM EST

PB was upgraded from Neutral to Outperform, Robert Baird said. $50 price target. Company is using its stock as currency to make acquisitions. 

 

Bearish
Stifel Financial downgraded at Wells
Dec 12, 2012 | 8:09 AM EST

SF was downgraded from Market Perform to Underperform, Wells Fargo said. Estimates also cut, as the KBW purchase adds challenges to the company's growth thesis. 

Bullish
Towers Watson upgraded at Baird
Dec 12, 2012 | 7:02 AM EST

TW was upgraded to Outperform, Robert Baird said. $66 price target. Stock has lagged by 23% over the past year and valuation is at decade-lows.

 

Bearish
Under Armour rated new Underweight at JP Morgan
Dec 12, 2012 | 8:21 AM EST

UA was initiated with an Underweight rating, JP Morgan said. $45 price target. Company faces a difficult growth hurdle. 

Volcano downgraded at Credit Suisse
Dec 12, 2012 | 7:46 AM EST

VOLC was downgraded from Outperform to Neutral, Credit Suisse said. $32 price target. Estimates also cut, as the company sold new debt and may make new acquisitions. 

Yelp rated new Outperform at Credit Suisse
Dec 12, 2012 | 7:44 AM EST

YELP was initiated with an Outperform rating, Credit Suisse said. $25 price target. New local business can drive near-term growth. 

Yelp rated new Neutral at JP Morgan
Dec 12, 2012 | 8:32 AM EST

Coverage of YELP was started with a Neutral rating, JP Morgan said. Valuation call, based on a $19 price target. 

Stock Comments / EPS Changes

AGCO target raised at Jefferies
Dec 12, 2012 | 8:33 AM EST

Shares of AGCO now seen reaching $55, Jefferies said. Guidance was ahead of street estimates. Buy rating.

Bearish
DuPont target lowered at Jefferies
Dec 12, 2012 | 8:35 AM EST

Shares of DD now seen reaching $48, Jefferies said. More cautious outlook and a shift in pension accounting. Hold rating.

Bullish
Discover Financial Services numbers raised at Citigroup
Dec 12, 2012 | 8:05 AM EST

Shares of DFS now seen reaching $44, Citigroup said. Estimates also increased on loan growth on share gain and more capital return. Neutral rating. 

Bearish
Dollar General numbers reduced at BMO
Dec 12, 2012 | 8:26 AM EST

Shares of DG now seen reaching $60, according to BMO Capital. Estimates also cut, given the company's new guidance. Outperform rating. 

Bullish
FMC estimates, target increased at Keybanc
Dec 12, 2012 | 8:11 AM EST

FMC estimates were raised through 2013, Keybanc said. Company can deliver consistent growth over the next few years. Buy rating and new $71 price target. 

Bullish
Illinois tool Works target raised at Jefferies
Dec 12, 2012 | 8:37 AM EST

Shares of ITW now seen reaching $72, Jefferies said. Defensive positioning within the group. Buy rating.

Bearish
JC Penney estimates lowered at Citigroup
Dec 12, 2012 | 8:10 AM EST

JCP estimates lowered through 2012, Citigroup said. More cautious outlook and increased promotional activity. Buy rating and $25 price target. 

Bearish
Nordstrom estimates lowered at Citigroup
Dec 12, 2012 | 8:12 AM EST

JWN estimates lowered through 2012, Citigroup said. More cautious outlook and increased promotional activity. $57 price target and Neutral rating. 

Liberty Ventures numbers boosted at Lazard
Dec 12, 2012 | 8:12 AM EST

Shares of LVNTA now seen reaching $76, according to Lazard. Estimates also upped, as the TripAdvisor purchase should add to earnings. Buy rating. 

Bearish
Macy's numbers lowered at Citigroup
Dec 12, 2012 | 8:08 AM EST

Shares of M now seen reaching $39, Citigroup said. Estimates also lowered on more cautious outlook and increased promotional activity. Neutral rating. 

Bullish
Nike estimates increased at Sterne Agee
Dec 12, 2012 | 7:42 AM EST

NKE estimates were raised through 2014, Sterne Agee said. Company is seeing favorable currency trends. Neutral rating.

Bullish
Ryder estimates, target upped at Keybanc
Dec 12, 2012 | 8:13 AM EST

R estimates were boosted through 2013, Keybanc said. Rental and lease-writing demand appears better. Buy rating and new $56 price target.

Starbucks estimates, target raised at Williams
Dec 12, 2012 | 7:41 AM EST

Shares of SBUX now seen reaching $55, according to Williams Capital. Estimates also increased, as the company is seeing higher sales and cutting costs. Perform rating. 

Economics

Update
Import Prices
Dec 12, 2012 | 6:26 AM EST

8:30am: Import Price Index M/m, Nov. est. -0.5% (prior 0.5%)

Update
FOMC Rate Decision
Dec 12, 2012 | 6:27 AM EST

12:30pm: FOMC Rate Decision

Update
Monthly Budget
Dec 12, 2012 | 6:28 AM EST

2pm: Monthly Budget Stmt, Nov., est. -$171b (prior -$137.3b)

Meetings

Update
ABC Investor Mtg.
Dec 12, 2012 | 7:08 AM EST

AmerisourceBergen Investor Day - 12:30PM New York City, N

Update
AET Investor Mtg.
Dec 12, 2012 | 7:08 AM EST

Aetna's 2012 Investor Conference - 9AM 

Update
AZO Investor Mtg.
Dec 12, 2012 | 7:11 AM EST

AutoZone Inc. Annual Shareholder Meeting - 9:30AM

Update
BF.B Analyst Mtg.
Dec 12, 2012 | 7:10 AM EST

 Brown-Forman Corporation Analyst Meeting - 1:30PM 

Update
DAL Investor Mtg.
Dec 12, 2012 | 7:07 AM EST

 Delta Air Lines Investor Day 2012 - 8:30AM 

Update
EMN Investor Mtg.
Dec 12, 2012 | 7:09 AM EST

- Eastman Chemical Company 2012 Investor Day - 1PM

Update
Oppenheimer Healthcare Conf.
Dec 12, 2012 | 7:12 AM EST

Oppenheimer Holdings Inc Healthcare Conference (Day 1 of 2) - 12/12/12 - 12/13/12 New York, NY

Columnist Conversations

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