Analysts' Actions: FB, BP, ARO, SBUX
Aeropostale(ARO) was upgraded at Imperial Capital from In-Line to Outperform. $23 price target. Company is making progress toward turning the business around, Imperial Capital said.
Bunge(BG) was upgraded at BMO Capital from Market Perform to Outperform. $75 price target. Industry fundamentals should bottom this quarter, BMO Capital said.
BP(BP) was upgraded at Canaccord Adams from Hold to Buy. Business should recover in 2013 and beyond, Canaccord Adams said.
Blackstone(BP)was upgraded at Sterne Agee from Neutral to Buy. Valuation call, based on an $18 price target, Sterne Agee said.
Dell(DELL) was downgraded at Mizuho from Buy to Neutral. $15 price target. Company continues to struggle and lacks near-term catalysts, Mizuho said.
Facebook(FB) was initiated with a Buy rating at Needham. $40 price target. Company has attractive sales potential, given how long users stay on the site, Needham said.
FirstEnergy(FE) was downgraded at Jefferies to Underperform from Hold, Jefferies said. $40 price target. Increasing regulatory risk.
Jazz Pharmaceuticals(JAZZ) was initiated with an Outperform rating at Credit Suisse. $65 price target. Company can deliver sustainable organic growth, Credit Suisse said.
Lifepoint Hospitals(LPNT) was upgraded at Auriga USA from Hold to Buy. $41 price target. Stock has pulled back to an attractive level, Auriga USA said.
MRC Global(MRC) was initiated with an Outperform rating at Wells Fargo. Company is leveraged to strong energy markets, and acquisitions should help drive sales growth, Wells Fargo said.
Starbucks(SBUX) was upgraded at Bank of America/Merrill Lynch from Neutral to Buy. $68 price target. Stock is attractive, following a 14% pullback, BofA/Merrill Lynch said.
Travelers(TRV) was initiated with a Market Perform rating at JMP Securities. Valuation call.
Warnaco(WRC) was upgraded at Brean Murray from Hold to Buy. $55 price target. Worst appears to be behind the company, Brean Murray said.
STOCK COMMENTS / EPS CHANGES
Apple(AAPL) numbers were lowered at Oppenheimer. Shares are now seen reaching $680. Estimates were also lowered on inconsistent news flow, Oppenheimer said. Outperform rating.
Analog Devices(ADI) price target was lowered at Jefferies. Shares are now seen reaching $41. Like the industrials story but prefer product cycle stories, Jefferies said. Hold rating.
AutoZone(AZO) price estimates were raised at UBS through 2013. Long runway to ramp its commercial growth, UBS said. Neutral rating and $400 price target.
Best Buy(BBY) estimates were raised at UBS through 2013. Domestic comp and GM offset weakness overseas. Neutral rating and $19 price target.
Dell(DELL) was cut from the Focus List at Brean Murray. PC sales remain soft, Brean Murray said.
Dell price target was lowered at Jefferies to $15. Expect continued PC weakness, Jefferies said. Hold rating.
Dell estimates, price target were reduced at Credit Suisse. Shares are now seen reaching $14. Estimates were also cut, given lower end-market demand, Credit Suisse said. Underperform rating.
Express(EXPR) estimates, price target were cut at Bank of America/Merrill Lynch. Shares are now seen reaching $25. Estimates were also reduced, given higher rent costs and lower sales, BofA/Merrill said. Buy rating.
Express numbers were cut at UBS. Shares are now seen reaching $25. Estimates were also lowered on lowered FY12 bar, UBS said. Buy rating.
Guess(GES) estimates, price target were increased at Brean Murray. Estimates were raised through 2014. Europe and Korea appear to have stabilized, Brean Murray said. Buy rating and new $37 price target.
Nordson(NDSN) estimates, price target were boosted at BMO Capital. Shares are now seen reaching $62. Estimates were also upped, given the company's new guidance, BMO Capital said. Market Perform rating.
PetSmart(PETM) numbers were raised at Jefferies. Shares are now seen reaching $57. Estimates were also raised on strong start to the year, Jefferies said. Hold rating.
PetSmart numbers were raised at UBS. Shares are now seen reaching $67. Estimates were also increased as company should see sustained sales and margin benefit from its recent consumables reset, UBS said. Buy rating.
Petsmart estimates, price target were raised at Credit Suisse. Shares are now seen reaching $67. Estimates were also increased, as the company is realizing better operating leverage, Credit Suisse said. Outperform rating.
Qualcomm(QCOM) numbers were lowered at Oppenheimer. Shares are now seen reaching $70. Estimates were also lowered on foundry constraints, Oppenheimer said. Outperform rating.
Ralph Lauren(RL) numbers were reduced at Credit Suisse. Estimates were cut through 2015 Company is investing more in future growth, Credit Suissse said. Outperform rating and new $195 price target.
Wells Fargo(WFC) estimates were reduced at Morgan Stanley through 2014. Company should realize a lower net interest margin, Morgan Stanley said. Overweight rating and $40 price target.
TheStreet Staff
05/23/12 - 08:56 AM EDT
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