Upgrades & Downgrades

Format: 2015-07-31
Format: 15:42

Change in Ratings

Amgen downgraded at Credit Suisse
Jan 22, 2013 | 8:07 AM EST

AMGN was downgraded from Outperform to Neutral, Credit Suisse said. $90 price target. Stock is already pricing in lower agency costs. 

Bearish
Allegheny Technologies downgraded at JP Morgan
Jan 22, 2013 | 8:03 AM EST

ATI was downgraded from Neutral to Underweight, JP Morgan said. Estimates also cut, given risks in the stainless steel market. 

Biomarin upgraded at Stifel
Jan 22, 2013 | 8:28 AM EST

BMRN was upgraded from Hold to Buy, Stifel Nicolaus said. $67 price target. New products should drive growth and the company is a potential acquisition target. 

Bearish
Diamond Offshore downgraded at Credit Suisse
Jan 22, 2013 | 8:08 AM EST

DO was downgraded from Outperform to Neutral, Credit Suisse said. $77 price target. Company will be impacted by bifurcation in the deepwater market. 

Bearish
FirstEnergy downgraded at Jefferies
Jan 22, 2013 | 8:16 AM EST

Shares of FE downgraded to Underperform from Hold, Jefferies said. $33.50 price target. Rating agency pressure.

F5 Networks downgraded at Needham
Jan 22, 2013 | 7:00 AM EST

FFIV was downgraded from Buy to Hold, Needham said. Consensus estimates appear high as growth could slow as the company transitions its product line. 

 

Fortinet downgraded at JMP
Jan 22, 2013 | 7:44 AM EST

FTNT was downgraded from Outperform to Market Perform, JMP Securities said. Estimates also cut, as the company is facing increased competition. 

Bearish
Johnson Controls downgraded at Lazard
Jan 22, 2013 | 8:14 AM EST

JCI was downgraded to Neutral, Lazard Capital Markets said. Company faces macro growth headwinds.

LinkedIn rated new Neutral at Sterne Agee
Jan 22, 2013 | 8:36 AM EST

LNKD was initiated with a Neutral rating, Sterne Agee said. Valuation call, as the stock is up 67% of the past year. 

Bearish
Och-Ziff downgraded at KBW
Jan 22, 2013 | 8:15 AM EST

OZM was downgraded to Market Perform, Keefe, Bruyette & Woods said. $10.25 price target. Company faces potential growth headwinds. 

Bullish
Precision Castparts upgraded at UBS
Jan 22, 2013 | 8:26 AM EST

PCP was upgraded to Buy from Neutral, UBS said. $213 price target. Negative EPS revisions at end. 

Bullish
State Street upgraded at JP Morgan
Jan 22, 2013 | 8:04 AM EST

STT was upgraded to Neutral, JP Morgan said. Company is cutting costs, offsetting a lower net interest margin. 

Bullish
Wesco upgraded at Credit Suisse
Jan 22, 2013 | 8:11 AM EST

WCC was upgraded from Neutral to Outperform, Credit Suisse said. $84 price target. Company is leveraged to a turn in the commercial construction market. 

VCA Antech downgraded at Stifel
Jan 22, 2013 | 8:27 AM EST

WOOF was downgraded from Hold to Sell, Stifel Nicolaus said. Company may continue to lose market share in the lab business. 

 

Stock Comments / EPS Changes

Apple numbers cut at UBS
Jan 22, 2013 | 8:28 AM EST

Shares of AAPL now seen reaching $650, UBS said. Estimates also lowered on iPhone ASPs. Buy rating. 

Bullish
Allergan estimates, target increased at Canaccord
Jan 22, 2013 | 8:41 AM EST

AGN estimates were raised through 2017, Canaccord Genuity said. Company received new approvals for Botox. Hold rating and new $102 price target. 

Bearish
Citigroup numbers cut at Sterne Agee
Jan 22, 2013 | 8:22 AM EST

Shares of C now seen reaching $48, Sterne Agee said. Estimates also lowered on management's sober outlook for legacy mortgage related costs. Buy rating. 

Deckers numbers cut at Canaccord
Jan 22, 2013 | 8:24 AM EST

Shares of DECK now seen reaching $35, Canaccord Genuity said. Estimates also lowered as challenged holiday bodes ill for 2013 orders. Hold rating. 

Bullish
Facebook estimates, target raised at Topeka
Jan 22, 2013 | 8:35 AM EST

Shares of FB now seen reaching $40, according to Topeka. Estimates also increased, given higher expected advertising growth. Buy rating. 

Bullish
First Republic Bank numbers raised at Jefferies
Jan 22, 2013 | 8:18 AM EST

Shares of FRC now seen reaching $42, Jefferies said. Estimates also raised on mortgage banking performance. Buy rating.

Bullish
Johnson Controls target raised at Jefferies
Jan 22, 2013 | 8:20 AM EST

Shares of JCI now seen reaching $31, Jefferies said. Leverage the HVAC cycle. Hold rating.

Life Technologies target raised at Oppenheimer
Jan 22, 2013 | 8:15 AM EST

Shares of LIFE now seen reaching $67, Oppenheimer said. Strategic more likely than LBO. Outperform rating.

Bearish
Lorillard numbers lowered at Jefferies
Jan 22, 2013 | 8:21 AM EST

Shares of LO now seen reaching $43, Jefferies said. Update following stock split. Buy rating.

Bullish
Parker Hannifin numbers raised at BMO
Jan 22, 2013 | 8:20 AM EST

Shares of PH now seen reaching $108, BMO Capital Markets said. Estimates also increased as FY2Q better than lowered expectations. Outperform rating. 

Sandisk numbers raised at Jefferies
Jan 22, 2013 | 8:24 AM EST

Shares of SNDK now seen reaching $59, Jefferies said. Estimates also raised on gross margin upside. Buy rating.

Bearish
Suntrust estimates, target cut at Credit Suisse
Jan 22, 2013 | 8:38 AM EST

Shares of STI now seen reaching $29, according to Goldman Sachs. Estimates also reduced, given lower mortgage banking revenue. Outperform rating. 

Bullish
State Street numbers raised at Citigroup
Jan 22, 2013 | 8:15 AM EST

Shares of STT now seen reaching $61, Citigroup said. Estimates also increased ahead of analyst day and CCAR results. Buy rating.  

Economics

Update
Chicago Fed
Jan 22, 2013 | 6:28 AM EST

8:30am: Chicago Fed Nat Activity Index, Dec. (prior 0.1)

Update
Richmond Fed Mfg.
Jan 22, 2013 | 6:29 AM EST

10am: Richmond Fed Manufacturing Index, Jan. (prior 5)

Update
Existing Home Sales
Jan 22, 2013 | 6:29 AM EST

10am: Existing Home Sales, Dec., est. 5.10m (prior 5.04m)

Meetings

Update
MU Investor Mtg.
Jan 22, 2013 | 6:51 AM EST

 Micron Technology, Inc. Annual Shareholder Meeting - 11AM

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