Acuity Brands rated new Hold at Jefferies
Coverage of AYI was started with a Hold rating, Jefferies said. $38 price target. Company has limited visibility for domestic construction demand.
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Advanced Micro numbers cut at Sterne Agee
Shares of AMD now seen reaching $13, according to Sterne Agee. Estimates also reduced, given slower notebook demand. Buy rating.
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Agco Corporation rated new Neutral at Citigroup
AGCO was initiated with a Neutral rating, Citigroup said. $43 price target. Beaten up stock, but elevated risk profile.
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Alcoa estimates cut at Citigroup
AA estimates lowered through 2012, Citigroup said. European and truck-trailer slowdown. Maintain $10 price target and Neutral rating.
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Alcoa estimates, target reduced at Jefferies
Shares of AA now seen reaching $14, according to Jefferies. Estimates also cut, given lower realized aluminum prices. Buy rating.
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Alcoa estimates cut at UBS
AA estimates lowered through 2012, UBS said. EPS miss on pricing, costs and EU weakness. Maintain $13 price target and Neutral rating.
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Baxter International estimates lowered at UBS
BAX estimates cut through 2012, UBS said. FX headwinds have increased. Maintain $67 price target and Buy rating.
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Blackrock estimates, target lowered at Jefferies
Shares of BLK now seen reaching $167, according to Jefferies. Estimates also cut, given reduced asset levels. Hold rating.
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Brocade downgraded at JP Morgan
BRCD was downgraded from Neutral to Underweight, JP Morgan said. Company faces muted long term growth prospects.
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CBOE estimates, target raised at Oppenheimer
Shares of CBOE now seen reaching $29, according to Oppenheimer. Estimates also increased, given higher realized trading volume. Outperform rating.
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Chevron estimates increased at UBS
CVX estimates raised through 2012, UBS said. Favorable FX benefit. Maintain $127 price target and Buy rating.
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CH Robinson downgraded at Deutsche
CHRW was downgraded from Buy to Hold, Deutsche Bank said. Valuation call.
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Cullen/Frost downgraded at Sterne Agee
CFR was downgraded from Neutral to Underperform, Sterne Agee said. $46.50 price target. Estimates also lowered, given a shrinking net interest margin.
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DIRECTV estimates lowered at UBS
DTV estimates trimmed through 2012, UBS said. U.S. remains strong, but real tailwind coming to an end. Maintain $55 price target and Buy rating.
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Dreamworks estimates, target cut at Morgan Stanley
Shares of DWA now seen reaching $19, according to Morgan Stanley. Estimates also reduced, as the company is facing increased competition. Underweight rating.
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First Solar downgraded at Ticonderoga
FSLR was downgraded from Neutral to Sell, Ticonderoga Securities said. $40 price target. Pricing and volumes continue to decline.
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Flir Systems downgraded at JP Morgan
FLIR was downgraded from Neutral to Underweight, JP Morgan said. Valuation call, based on a $27.50 price target.
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Franklin Resources numbers cut at Jefferies
Ben estimates were reduced through 2012, Jefferies said. Industry fund flows remain challenging. Hold rating and new $110 price target.
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Healthspring upgraded at Oppenheimer
HS was upgraded from Perform to Outperform, Oppenheimer said. $45 price target. Estimates also boosted, given higher growth expectations for Medicare Advantage.
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Humana upgraded at Oppenheimer
HUM was upgraded from Perform to Outperform, Oppenheimer said. Estimates also boosted, as Medicare Advantage should drive growth. $87 price target.
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IAC/InterActiveCorp upgraded at Goldman
IACI was upgraded from Neutral to Buy, Goldman Sachs said. Match.com segment should continue to drive growth.
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Intel estimates, target reduced at Sterne Agee
Shares of INTC now seen reaching $26, according to Sterne Agee. Estimates also cut, given lower expected notebook demand. Buy rating.
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Kansas City Southern estimates, target raised at Citigroup
Shares of KSU now seen reaching $65, according to Citigroup. Estimates also increased on coal contract and Bakken opportunity. Buy rating.
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Lexmark downgraded at JP Morgan
LXK was downgraded from Neutral to Underweight, JP Morgan said. $25 price target. Printing sector could be hit hard in a macro downturn.
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MetLife estimates, target reduced at Morgan Stanley
MET estimates were cut through 2012, Morgan Stanley said. Industry will be hurt by lower interest rates and declining stock prices. Overweight rating.
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Motorola Solutions numbers cut at Credit Suisse
MSI estimates were reduced through 2012, Credit Suisse said. Enterprise demand could be hurt by slower macro growth. Neutral rating and new $49 price target.
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Netflix estimates, target lowered at Oppenheimer
Shares of NFLX now seen reaching $185, according to Oppenheimer. Estimates also cut, given reduced subscriber models. Outperform rating.
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Norfolk Southern downgraded at Deutsche
NSC was downgraded from Buy to Hold, Deutsche Bank said. Valuation call.
Owens Corning estimates, target lowered at Citigroup
Shares of OC now seen reaching $38, according to Citigroup. Estimates also cut on lower assumed revenue growth in Composites. Buy rating.
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Priceline.com rated new Buy at Jefferies
PCLN was initiated with a Buy rating, Jefferies said. $580 price target. Company has solid growth momentum and can continue to expand overseas.
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QLogic downgraded at JP Morgan
QLGC was downgraded from Neutral to Underweight, JP Morgan said. $12.50 price target. Company faces muted long term growth prospects in its legacy Fibre Channel business.
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Rackspace downgraded at Benchmark
RAX was downgraded from Buy to Hold, Benchmark said. $42 price target. Company is facing increased price competition.
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Riverbed estimates, target reduced at Sterne Agee
Shares of RVBD now seen reaching $30, according to Sterne Agee. Estimates also cut, following channel checks. Buy rating.
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RPM International estimates cut at Keybanc
RPM estimates were reduced through 2013, Keybanc said. Macro headwinds could continue to weigh on growth. Buy rating and $24 price target.
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Seagate Technology downgraded at JP Morgan
STX was downgraded from Overweight to Neutral, JP Morgan said. $14 price target. Earnings could fall 28% year-over-year.
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Waddell & Reed downgraded at Jefferies
WDR was downgraded from Buy to Hold, Jefferies said. $27.50 price target. Poor performance of the Asset Strategy fund could hang over the stock.
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WebMD Health downgraded at Goldman
WBMD was downgraded from Buy to Neutral, Goldman Sachs said. Company has high advertising exposure.
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Xerox estimates, target lowered at Credit Suisse
Shares of XRX now seen reaching $10, according to Credit Suisse. Estimates also lowered, as the weaker macro environment could weigh on demand. Neutral rating.
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Xerox downgraded at JP Morgan
XRX was downgraded from Neutral to Underweight, JP Morgan said. $7 price target. Printing likely to suffer most in looming macro downdraft.
