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  1. Home
  2. / Investing
  3. / U.S. Equity

Analyst Actions -- 10/3/2011

Here are today's top research calls.
By DAVID PELTIER Oct 03, 2011 | 07:47 AM EDT
Stocks quotes in this article: ACI, AWAY, IR, NTAP, O, GWW, BAC, C, GS, GS, MS, NWSA, PCLN, TWX, URBN, VIA.B

Acuity Brands rated new Underperform at Sterne Agee

AYI was initiated with an Underperform rating, Sterne Agee said.  $26 price target.  As company continues to invest in itself, margins will likely come under pressure.

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Arch Coal numbers lowered at Credit Suisse

ACI estimates were cut through 2013, Credit Suisse said. Company reduced its guidance. Neutral rating and new $18 price target.

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Arch Coal estimates cut at UBS

ACI estimates lowered through 2011, UBS said.  Company announced negative guidance revision.  Maintain $40 price target and Buy rating.

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Bank of America target cut at Credit Suisse

Shares of BAC now seen reaching $13, according to Credit Suisse. Estimates also reduced, given lower investment banking and trading expectations. Outperform rating.

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Citigroup estimates, target lowered at Credit Suisse

Shares of C now seen reaching $50, according to Credit Suisse. Estimates also cut, given lower expected sales. Neutral rating.

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Coach price target raised at Jefferies

COh price target increased to $70, Jefferies said.  Powerful brand with a compelling global growth story.  Maintain Buy rating.

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EOG Resources rated new Buy at Brean Murray

EOG was initiated with a Buy rating, Brean Murray said.  $130 price target.  High margin liquids production growth will validate its capex program.

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Goldman Sachs numbers reduced at Credit Suisse

GS estimates were cut through 2013, Credit Suisse said. Client activity and asset prices remain weak. Outperform rating and new $145 price target.

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HomeAway rated new Hold at Citigroup

AWAY was initiated with a Hold rating, Citigroup said.  $38 price target.  Strong business model, but already reflected in valuation.

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Ingersoll-Rand upgraded at Citigroup

IR was upgraded from Sell to Hold, Citigroup said.  $29 price target.  Sharp 12% selloff on negative preannouncement limits near term downside. 

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Ingersoll-Rand numbers reduced at Goldman

Shares of IR now seen reaching $36, according to Goldman Sachs. Estimates also cut, as construction markets remain weak. Neutral rating.

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Morgan Stanley numbers cut at Credit Suisse

Shares of MS now seen reaching $28, according to Credit Suisse. Estimates also reduced, given softness in the capital markets. Outperform rating.

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NetApp upgraded at Citigroup

NTAP was upgraded from Hold to Buy, Citigroup said.  $45 price target.  Valuation call along with strong storage demand checks. 

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News Corp. downgraded at Goldman

NWSA was downgraded from Buy to Neutral, Goldman Sachs said. Valuation call.

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Priceline.com upgraded at Morgan Stanley

PCLN was upgraded from Equal-weight to Overweight, Morgan Stanley said. $650 price target. Fears of increased European competition have been overblown.

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Realty Income Corp estimates lowered at UBS

O estimates lowered through 2012 to reflect recent capital activity and potential lease rejections.  Maintain $33 price target and neutral rating.

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Salix Pharmaceuticals rated new Buy at BofA Merrill

SLXP was initiated with a Buy rating, Bank of America Merrill Lynch said.  $38 price target.  Strong, sustainable growth in the GI tract.

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SL Green Realty upgraded at Jefferies

SLG was upgraded from Hold to Buy, Jefferies said.  $75 price target.  NYC Office Market Survey concluded that cap rates should remain low.

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State Street downgraded at Jefferies

STT was downgraded from Buy to Hold, Jefferies said.  $38 price target.  Expectation for negative estimate revisions to play catch up relative to peers.

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Time Warner upgraded at Goldman

TWX was upgraded from Neutral to Buy, Goldman Sachs said. Company has least exposure to potential decline in advertising.

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Urban Outfitters target cut at Credit Suisse

Shares of URBN now seen reaching $26, according to Credit Suisse. Company may struggle to maintain premium pricing.

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Viacom cut from Conviction Buy List at Goldman

VIA.B was removed from the Conviction Buy list, Goldman Sachs said. Company could face near-term advertising weakness.

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W.W. Grainger downgraded at Citigroup

GWW was downgraded from Hold to Sell, Citigroup said.  $138 price target.  Unsustainably high relative P/E multiple to its Multi-Industry peers.

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Wells Fargo estimates cut at Credit Suisse

WFC estimates were reduced through 2013, Credit Suisse said. Company is realizing a lower net interest margin. Neutral rating.   

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TAGS: Investing | U.S. Equity

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