Upgrades & Downgrades

Format: 2015-07-28
Format: 18:04

Change in Ratings

Apple downgraded at Citigroup
Dec 17, 2012 | 7:31 AM EST

AAPL was downgraded to Neutral from Buy, Citigroup said. $575 price target. Near term cuts bring risks into focus. 

Bearish
Baker Hughes downgraded at Morgan Stanley
Dec 17, 2012 | 7:43 AM EST

BHI was downgraded to Equal-weight, Morgan Stanley said. $50 price target. Activity has deteriorated faster than expected in North America. 

Cerner rated new Buy at Argus
Dec 17, 2012 | 8:26 AM EST

CERN was initiated with a Buy rating, Argus said. $89 price target. Company can continue to gain market share. 

 

Cepheid rated new Buy at BofA/Merrill
Dec 17, 2012 | 7:23 AM EST

CPHD was initiated with a Buy rating and $40 price target, Bank of America/Merrill Lynch said. Company is a leader in a quickly growing market. 

Bullish
Dean Foods rated new Overweight at Morgan Stanley
Dec 17, 2012 | 7:45 AM EST

Coverage of DF was started with an Overweight rating, Morgan Stanley said. $22 price target. Expect stability in the fluid milk business and the company is cutting costs. 

Update
Esterline rated new Neutral at Goldman
Dec 17, 2012 | 7:36 AM EST

Coverage of ESL was started with a Neutral rating, Goldman Sachs said. $73 price target. Margins and returns are at the low end of the industry. 

Informatica upgraded at Piper
Dec 17, 2012 | 7:47 AM EST

INFA was upgraded from Neutral to Overweight, Piper Jaffray said. $36 price target. Worst appears behind the company in Europe. 

Update
Molycorp rated new Neutral at Goldman
Dec 17, 2012 | 7:42 AM EST

MCP was initiated with a Neutral rating, Goldman Sachs said. $11 price target. Company lacks visibility on the cost side. 

ON Semiconductor upgraded at Sterne Agee
Dec 17, 2012 | 6:47 AM EST

ONNN was upgraded from Neutral to Buy, Sterne Agee said. $9 price target. Company has multiple potential near-term catalysts. 

 

Pool rated new Buy at Keybanc
Dec 17, 2012 | 7:30 AM EST

Coverage of POOL was started with a Buy rating, Keybanc said. $49 price target. Company deserves a premium valuation. 

Post rated new Buy at Goldman
Dec 17, 2012 | 7:35 AM EST

POST was initiated with a Buy rating, Goldman Sachs said. $40 price target. Company is turning itself around. 

Bearish
Regency Center downgraded at Citigroup
Dec 17, 2012 | 7:42 AM EST

REG was downgraded to Neutral from Buy, Citigroup said. $50 price target. Valuation call. 

Bearish
Sandridge downgraded at Canaccord
Dec 17, 2012 | 7:26 AM EST

SD was downgraded from Hold to Sell, Canaccord Genuity said. $4 price target. Do not expect a takeover bid to materialize. 

Bullish
Tanger Factory upgraded at Citigroup
Dec 17, 2012 | 7:41 AM EST

SKT was upgraded to Buy from Neutral, Citigroup said. $37.50 price target. Pure play outlet portfolio shoudl drive NOI growth. 

Bullish
Simon Property Group upgraded at Citigroup
Dec 17, 2012 | 7:40 AM EST

SPG was upgraded to Buy from Neutral, Citigroup said. $173 price target. Mall and outlet platform should provide solid NOI growth. 

Bullish
Tenet Healthcare upgraded at Deutsche
Dec 17, 2012 | 7:53 AM EST

THC was upgraded from Hold to Buy, Deutsche Bank said. $38 price target. Business mix and margins are improving. 

Bearish
Texas Instruments downgraded at Sterne Agee
Dec 17, 2012 | 6:45 AM EST

TXN was downgraded from Neutral to Underperform, Sterne Agee said. $27 price target. Exit from the wireless segment will weigh on sales and margins. 

 

Bearish
Valassis downgraded at JP Morgan
Dec 17, 2012 | 7:20 AM EST

VCI was downgraded from Overweight to Neutral, JP Morgan said. Valuation call, as the stock is up 41% year-to-date. $30 price target. 

Stock Comments / EPS Changes

Apple estimates, target cut at Pacific Crest
Dec 17, 2012 | 8:23 AM EST

AAPL estimates were reduced through 2014, Pacific Crest said. Company is seeing lower iPhone demand. Outperform rating and new $565 price target. 

Apple estimates, target cut at Canaccord
Dec 17, 2012 | 7:55 AM EST

Shares of AAPL now seen reaching $750, according to Canaccord Genuity. Estimates also reduced, given lower expected iPad sales. Buy rating. 

ARIAD Pharma numbers lowered at Jefferies
Dec 17, 2012 | 8:11 AM EST

Shares of ARIA now seen reaching $23, Jefferies said. Estimates also lowered on safety issues for Iclusig. Buy rating.

Bed Bath & Beyond numbers cut at UBS
Dec 17, 2012 | 7:23 AM EST

Shares of BBBY now seen reaching $64.50, UBS said. Estimates also lowered as shares reflect caution on comps. Neutral rating. 

Expedia estimates, target boosted at Cantor
Dec 17, 2012 | 8:01 AM EST

Shares of EXPE now seen reaching $70, according to Cantor Fitzgerald. Estimates also upped, following positive channel checks. Buy rating. 

Nordson estimates, target upped at BMO
Dec 17, 2012 | 8:21 AM EST

NDSN estimates were boosted through 2014, BMO Capital said. Company is facing softer margins. Market Perform rating and new $63 price target. 

Oracle target raised at Jefferies
Dec 17, 2012 | 8:15 AM EST

Shares of ORCL now seen reaching $34, Jefferies said. Expecting easy comps. Hold rating.

Bullish
PPG Industries target raised at Jefferies
Dec 17, 2012 | 8:18 AM EST

Shares of PPG now seen reaching $150, Jefferies said. Potential accretion from PPG-Akzo deal. Buy rating.

Research in Motion estimates trimmed at UBS
Dec 17, 2012 | 7:29 AM EST

RIMM estimates lowered through 2014, UBS said. Nine million unit assumption too optimistic. Neutral rating.  

Bullish
Scotts Miracle-Gro numbers raised at BMO
Dec 17, 2012 | 8:22 AM EST

Shares of SMG now seen reaching $41, BMO Capital Markets said. Estimates also raised following annual investor day. Market Perform rating. 

Economics

Update
Empire Mfg.
Dec 17, 2012 | 6:23 AM EST

8:30am: Empire Manufacturing, Dec., est. -1.0 (prior -5.22)

Update
Total Net TIC Flows
Dec 17, 2012 | 6:24 AM EST

9am: Total Net TIC Flows, Oct. (prior $4.7b)

Meetings

Update
GE Analyst Mtg.
Dec 17, 2012 | 6:50 AM EST

General Electric Co. Analyst Meeting - 3PM 

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