Upgrades & Downgrades

Format: 2015-08-27
Format: 22:20

Change in Ratings

Biogen Idec rated new Hold at Canaccord
Dec 18, 2012 | 8:23 AM EST

BIIB was initiated with a Hold rating, Canaccord Genuity said. $144 price target. BG-12 will likely have a disappointing launch.

 

Bearish
Centene Corporation downgraded at Jefferies
Dec 18, 2012 | 8:00 AM EST

Shares of CNC downgraded to Hold from Buy, Jefferies said. Estimates also lowered on risk in the initial 2013 guidance. Hold rating.

Bullish
Duke Energy upgraded at Deutsche
Dec 18, 2012 | 7:31 AM EST

DUK was upgraded from Hold to Buy, Deutsche Bank said. $69 price target. Yield continues to look favorable in a low interest rate environment. 

Update
Exelis rated new Neutral at Credit Suisse
Dec 18, 2012 | 7:59 AM EST

ELS was initiated with a Neutral rating and $12 price target, Credit Suisse said. Sales will likely bottom out before its peers.

Bearish
First Energy downgraded at Deutsche
Dec 18, 2012 | 7:33 AM EST

FE was downgraded from Buy to Hold, Deutsche Bank said. $43 price target. P/E ratio remains relatively high. 

Bullish
HCA rated new Overweight at JP Morgan
Dec 18, 2012 | 7:38 AM EST

HCA was initiated with an Overweight rating, JP Morgan said. $39 price target. Company is leveraged to industry reform. 

Bearish
Hewlett-Packard downgraded at Topeka
Dec 18, 2012 | 7:35 AM EST

HPQ was downgraded to Sell, Topeka Capital said. $11.50 price target. Valuation call, as the stock is up 31% over the past month. 

Bearish
Kansas City Southern downgraded at FBR
Dec 18, 2012 | 7:23 AM EST

KSU was downgraded from Outperform to Market Perform, FBR Capital Markets said. $75 price target. Company is leveraged to lower coal and grain demand. 

 

Bullish
Raymond James Financial rated new Buy at Citigroup
Dec 18, 2012 | 7:40 AM EST

RJF was initiated with a Buy rating, Citigroup said. $44 price target. A B/D that doesn't need rising rates to work. 

Sirius XM rated new Buy at Goldman
Dec 18, 2012 | 8:31 AM EST

SIRI was initiated with a Buy rating, Goldman Sachs said. $3.50 price target. Profitability can accelerate. 

Bullish
Tenet Healthcare rated Overweight at JP Morgan
Dec 18, 2012 | 7:40 AM EST

Coverage of THC was started with an Overweight rating and new $41 price target. Company will likely buy back more stock.

Trimble downgraded at Lazard
Dec 18, 2012 | 7:45 AM EST

TRMB was downgraded to Neutral, Lazard said. Company no longer trades at a discount to its peers. 

Tesla Motors rated new Neutral at JP Morgan
Dec 18, 2012 | 7:43 AM EST

TSLA was initaited with an Neutral rating, JP Morgan said. Valiuation call, based on a $37 price target. 

Workday rated new Hold at Stifel
Dec 18, 2012 | 8:25 AM EST

WDAY was initiated with a Hold rating, Stifel Nicolaus said. Stock is already pricing in near-term growth potential. 

 

Bearish
Woodward downgraded at Credit Suisse
Dec 18, 2012 | 7:57 AM EST

WWD was downgraded from Outperform to Neutral, Credit Suisse said. $39 price target. Organic growth is slowin and the company lacks near-term visibility.

Stock Comments / EPS Changes

Bearish
Axis Capital estimates cut at UBS
Dec 18, 2012 | 7:31 AM EST

AXS estimates lowered through 2012, UBS said. Sandy loss larger than expected. Buy rating and $40 price target. 

Bullish
ConAgra Foods numbers raised at Citigroup
Dec 18, 2012 | 7:35 AM EST

Shares of CAG now seen reaching $35, Citigroup said. Estimates also increased as volume trends improving. Buy rating. 

Bullish
Carter's numbers raised at Citigroup
Dec 18, 2012 | 7:38 AM EST

Shares of CRI now seen reaching $64, Citigroup said. Estimates also increased as supply chain restructuring an underestimated catalyst for 2013. Buy rating. 

Bullish
Discover estimates, target increased at Guggenheim
Dec 18, 2012 | 8:29 AM EST

DFS estimates were raised through 2014, Guggenheim said. Company is seeing lower losses and will likely repurchase more shares. Buy rating and new $48 price target. 

Bearish
Halliburton numbers lowered at Jefferies
Dec 18, 2012 | 8:02 AM EST

Shares of HAL now seen reaching $42, Jefferies said. Estimates also lowered on North American conservatism. Buy rating.

JB Hunt Transport Services numbers lowered at Jefferies
Dec 18, 2012 | 8:06 AM EST

Shares of JBHT now seen reaching $63, Jefferies said. Estimates also lowered on sluggish intermodal trends. Hold rating.

Bullish
Principal Financial added to US 1 List at BofA/Merrill
Dec 18, 2012 | 7:49 AM EST

PFG was placed on the US 1 list, according to Bank of America/Merrill Lynch said. Company offers value with low earnings risk. Buy rating and $38 price target. 

Bearish
SM Energy numbers lowered at Jefferies
Dec 18, 2012 | 8:11 AM EST

Shares of SM now seen reaching $56, Jefferies said. Estimates also lowered on gas risk. Buy rating.

Bullish
Team Health numbers raised at Piper
Dec 18, 2012 | 8:27 AM EST

Shares of TMH now seen reaching $34, according to Piper Jaffray. Estimates also increased, given recent acquisitions and Medicare rate parity. Overweight rating. 

Economics

Update
Current Account
Dec 18, 2012 | 6:15 AM EST

 8:30am: Current Acct Bal, 3Q, est. -$103.0b (prior -$117.4b)

Update
NAHB Housing Index
Dec 18, 2012 | 6:16 AM EST

10am: NAHB Housing Market Index, Dec., est 47 (prior 46)

Columnist Conversations

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