Upgrades & Downgrades

Format: 2015-09-05
Format: 01:43

Change in Ratings

Bullish
Analog Devices upgraded at Credit Suisse
Jan 14, 2013 | 8:34 AM EST

ADI was upgraded from Neutral to Outperform, Credit Suisse said. $48 price target. Company should see better end-market demand in 2013. 

Bearish
American Express downgraded at Goldman
Jan 14, 2013 | 7:49 AM EST

AXP was downgraded from Buy to Neutral, Goldman Sachs said. $65 price target. See limited earnings upside potential. 

Bullish
CR Bard upgraded at BofA/Merrill
Jan 14, 2013 | 8:09 AM EST

BCR was upgraded from Neutral to Buy, Bank of America/Merrill Lynch said. $114 price target. Company offers low-risk, double-digit digit annual earnings potential. 

Bearish
Celanese downgraded at Piper Jaffray
Jan 14, 2013 | 8:30 AM EST

CE was downgraded to Neutral from Overweight, Piper Jaffray said. $47 price target. Moving to sidelines on valuation and high expectations. 

Bullish
Commercial Metals upgraded at Keybanc
Jan 14, 2013 | 8:05 AM EST

CMC was upgraded from Hold to Buy, Keybanc said. $19 price target. Company is leverages to lower scrap input costs.

Bullish
Capital One upgraded at Goldman
Jan 14, 2013 | 7:48 AM EST

COF was upgraded from Neutral to Buy, Goldman Sachs said. $75 price target. Company is realizing cost leverage. 

Cisco Systems upgraded at Baird
Jan 14, 2013 | 6:37 AM EST

CSCO was upgraded from Neutral to Outperform, Robert Baird said. $25 price target. Channel checks suggest the company is executing well. 

Cisco Systems upgraded at William Blair
Jan 14, 2013 | 7:51 AM EST

CSCO was upgraded from Market Performt to Outperform, William Blair said. Company continues to execute well in a difficult environment. 

Bullish
Covance upgraded at Goldman
Jan 14, 2013 | 8:11 AM EST

CVD was upgraded from Neutral to Buy, Goldman Sachs said. $70 price target. Earnings growth should re-accelerate and the company can exceed consensus expectations. 

Bullish
Deere upgraded at JP Morgan
Jan 14, 2013 | 8:13 AM EST

DE was upgraded from Underweight to Neutral, JP Morgan said. $90 price target. Global fundamentals appear balanced. 

Bearish
EMC downgraded at JP Morgan
Jan 14, 2013 | 7:56 AM EST

EMC was downgraded from Overweight to Neutral, JP Morgan said. $26 price target. Estimates also cut, given slower expected growth in the storage market. 

Bullish
Facebook upgraded at Deutsche
Jan 14, 2013 | 8:00 AM EST

FB was upgraded from Hold to Buy, Deutsche Bank said. $40 price target. Company has the most sales momentum in the industry. 

Bullish
Fusion- io upgraded at JP Morgan
Jan 14, 2013 | 8:39 AM EST

Shares of FIO upgraded to Overweight from Neutral, JP Morgan said. $30 price target. Competition is a no show.

Bullish
WW Grainger upgraded at Wunderlich
Jan 14, 2013 | 6:35 AM EST

GWW was upgraded from Hold to Buy, Wunderluich said. $255 price target. Company had an upbeat analyst meeting and guidance was well ahead of previous consensus expectations. 

 

Bullish
Hess upgraded at Credit Suisse
Jan 14, 2013 | 8:33 AM EST

HES was upgraded from Underperform to Neutral, Credit Suisse said. $68 price target. Net asset value is improving. 

Bullish
Hewlett-Packard upgraded at JP Morgan
Jan 14, 2013 | 7:53 AM EST

HPQ was upgraded from Underweight to Neutral, JP Morgan said. $21 price target. Headline news will likely not get worse going forward. 

Bearish
H&R Block downgraded at Morgan Stanley
Jan 14, 2013 | 8:28 AM EST

HRB was downgraded to Underweight from Equal-weight, Morgan Stanley said. $17 price target. IRS delays and stock run creates unattractive risk reward.  

Bearish
Huntsman downgraded at Wells Fargo
Jan 14, 2013 | 8:41 AM EST

Shares of HUN downgraded to Market Perform from Overweight, Wells Fargo said. $17-$19 price target. Valuation call.

Bearish
IBM downgraded at JP Morgan
Jan 14, 2013 | 8:15 AM EST

IBM was downgraded from Overweight to Neutral, JP Morgan said. $197 price target. Company has relatively lower growth potential. 

Incyte upgraded at Lazard
Jan 14, 2013 | 8:44 AM EST

INCY was upgraded from Neutral to Buy, Lazard Capital Markets said. $25 price target. Jakafi should see earlier adoption.

Intuitive Surgical upgraded at Lazard
Jan 14, 2013 | 8:48 AM EST

ISRG was upgraded to Buy, Lazard Capital Markets said. $600 price target. Stock is attractive, following a 10% pullback. 

JDS Uniphase downgraded at Goldman
Jan 14, 2013 | 8:31 AM EST

JDSU was downgraded from Buy to Neutral, Goldman Sachs said. Valuation call, based on a $14 price target. 

Bearish
Louisiana-Pacific downgraded at DA Davidson
Jan 14, 2013 | 8:18 AM EST

LPX was downgraded from Neutral to Underperform, DA Davidson said. $18 price target. Recent move is strand board prices is likely not sustainable. 

Maxim downgraded at Credit Suisse
Jan 14, 2013 | 8:43 AM EST

MXIM was downgraded from Outperform to Neutral, Credit Suisse said. $31 price target. Expect significant deterioration in the handset market. 

Bullish
Nucor upgraded at Keybanc
Jan 14, 2013 | 8:07 AM EST

NUE was upgraded from Hold to Buy, Keybanc said. Company is leveraged to lagging commercial construction markets. $56 price target. 

Old Dominion downgraded at Deutsche
Jan 14, 2013 | 7:57 AM EST

ODFL was downgraded from Buy to Hold, Deutsche Bank said. Valuation call, based on a $40 price target. 

Pharmacyclics downgraded at Lazard
Jan 14, 2013 | 8:49 AM EST

PCYC was downgraded to Neutral, Lazard Capital Markets said. Company lacks near-term catalysts.

Parexel upgraded at Goldman
Jan 14, 2013 | 8:12 AM EST

PRXL was upgraded from Sell to Neutral, Goldman Sachs said. $36 price target. Company can continue to expand margins over the coming quarters. 

Bearish
Reliance Steel downgraded at Keybanc
Jan 14, 2013 | 8:08 AM EST

RS was downgraded from Buy to Hold, Keybanc said. Estimates also cut, given a lower pricing environment. 

Bearish
Sprint Nextel downgraded at JP Morgan
Jan 14, 2013 | 7:52 AM EST

Rating on S was cut from Overweight to Neutral, JP Morgan said. $6 price target. Sales growth is decelerating. 

Bearish
Sprint downgraded at UBS
Jan 14, 2013 | 8:13 AM EST

S was downgraded to Neutral from Buy, UBS said. $6 price target. 2013 outlook/operational challenges should keep shares range bound in 1H. 

Bearish
Scripps Networks downgraded at Deutsche
Jan 14, 2013 | 8:01 AM EST

SNI was downgraded from Buy to Hold, Deutsche Bank said. $65 price target. Estimates also cut, given lower ratings.

Bearish
Simpson Manufacturing downgraded at DA Davidson
Jan 14, 2013 | 8:19 AM EST

SSD was downgraded from Buy to Neutral, DA Davidson said. Company lacks near-term catalysts. 

 

Steel Dynamics upgraded at Keybanc
Jan 14, 2013 | 8:04 AM EST

STLD was upgraded from Hold to Buy, Keybanc said. $22 price target. Company generates solid free cash flow and pays an attractive dividend. 

Bearish
Varian Medical downgraded Lazard
Jan 14, 2013 | 8:45 AM EST

VAR was downgraded from from Buy to Neutral, Lazard Capital Markets said. Valuation call, as the stock is up 22% since late October.

Bearish
Verizon downgraded at UBS
Jan 14, 2013 | 8:15 AM EST

VZ was downgraded to Neutral from Buy, UBS said. $44 price target. Still the leader in wireless, but profitability lower than expected. 

Werner downgraded at Deutsche
Jan 14, 2013 | 7:58 AM EST

WERN was downgraded from Buy to Hold, Deutsche Bank said. $26 price target. Company lacks near-term catalysts. 

Bearish
Wells Fargo downgraded at Oppenheimer
Jan 14, 2013 | 8:48 AM EST

Shares of WFC downgraded to Perform from Outperform, Oppenheimer said. Stock fairly valued.

Xilinx upgraded at Credit Suisse
Jan 14, 2013 | 8:35 AM EST

XLNX was upgraded from Neutral to Outperform, Credit Suisse said. $42 price target. Company should see higher end-market demand in 2013.

Bearish
Zimmer downgraded at Lazard
Jan 14, 2013 | 8:46 AM EST

ZMH was downgraded from Buy to Neutral, Lazard Capital Markets said. Valuation call. 

Stock Comments / EPS Changes

eBay estimates, target raised at Credit Suisse
Jan 14, 2013 | 8:32 AM EST

Shares of EBAY now seen reaching $50, according to Credit Suisse. Estimates also increased, given expected accelerating user growth. Neutral rating.

Bullish
Facebook numbers raised at Oppenheimer
Jan 14, 2013 | 8:45 AM EST

Shares of FB now seen reaching $34, Oppenheimer said. Estimates also raised on Facebook Exchange impact. Outperform rating.

Garmin numbers lowered at JP Morgan
Jan 14, 2013 | 8:37 AM EST

Shares of GRMN now seen reaching $36, JP Morgan said. Estimates also lowered on 10%-15% decline in PND unit shipments in 2013. Underweight rating.

HMS Holdings numbers raised at Jefferies
Jan 14, 2013 | 8:30 AM EST

Shares of HMSY now seen reaching $34, Jefferies said. Estimates also raised on positive thematic momentum. Buy rating.

Bearish
KBR numbers lowered at J.P. Morgan
Jan 14, 2013 | 8:35 AM EST

Shares of KBR now seen reaching $40, J.P. Morgan said. Estimates also lowered on intensification of execution risks. Overweight rating.

Microsoft numbers cut at UBS
Jan 14, 2013 | 8:12 AM EST

Shares of MSFT now seen reaching $35, UBS said. Estimates also lowered to reflect weakness in CQ4 PC demand units. Buy rating.

Bullish
SAP target raised at Jefferies
Jan 14, 2013 | 8:31 AM EST

Shares of SAP now seen reaching $82, Jefferies said. Revenue estimates appear achievable. Hold rating.

Bearish
Yum! Brands numbers lowered at Oppenheimer
Jan 14, 2013 | 8:49 AM EST

Shares of YUM now seen reaching $74, Oppenheimer said. Estimates also lowered on less 2013 growth. Outperform rating.

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