Analysts' Actions: AMTD, MA, V, SWI, STT
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Alexander & Baldwin (ALEX) downgraded at Wells from Market Perform to Underperform, Wells Fargo said. Valuation call, as the stock is up more than 30% over the past week.
TD Ameritrade (AMTD) downgraded at Goldman from Neutral to Sell, Goldman Sachs said. $15 price target. Retail trading remains soft and consensus expectations could prove optimistic.
Cabot Oil & Gas (COG) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. Company should benefit from higher natural gas prices down the road.
Dollar Tree (DLTR) downgraded at Morgan Stanley from Equal-weight to Underweight, Morgan Stanley said. Valuation call, based on a $45 price target.
DSW (DSW) rated new Hold at Canaccord. $62 price target. Company faces near-term earnings risks.
Equinix (EQIX) rated new Buy at Deutsche. $225 price target. Company should benefit from more outsourcing for data centers.
Lincare Holdings (LNCR) downgraded at Jefferies to Hold from Buy, Jefferies said. $41.50 price target. Competing bids to Linde's $41.50 offer unlikely.
Lam Research (LRCX) downgraded at CLSA from Buy to Outperform, Credit Agricole said. $44 price target. Company could face higher costs and lower NAND spending.
MasterCard(MA) downgraded at UBS to Sell from Neutral, UBS said. $403 price target. Slowing growth and unfavorable risk/reward.
Northern Trust (NTRS) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. $53 price target. Estimates also boosted, as the company has stable revenue and can expand margins.
NY Community Bancorp (NYB) downgraded at Credit Suisse from Outperform to Neutral, Credit Suisse said. $14 price target. Estimates also cut, given lower expected margins and increased competition.
Boston Beer (SAM) downgraded at UBS to Sell from Neutral, UBS said. $103 price target. Topline trends may slow.
Sirona Dental (SIRO) upgraded at Baird from Neutral to Outperform, Robert Baird said. $53 price target. Company faces tough sales comps and is leveraged to Europe.
State Street (STT) downgraded at Goldman to Neutral, Goldman Sachs said. Estimates also cut, given lower sales expectations.
SolarWinds (SWI) downgraded at FBR from Outperform to Market Perform, FBR Capital Markets said. $47 price target. Valuation call, as the stock is up more than 50% year-to-date.
Syngenta AG (SYT) downgraded at Jefferies to Hold from Buy, Jefferies said. $73 price target. Lack of near-term positive catalysts.
Texas Capital (TCBI) downgraded at DA Davidson from Buy to Neutral, DA Davidson said. $46 price target. Valuation call, as the stock is up 35% year-to-date.
Visa (V) downgraded at UBS to Sell from Neutral, UBS said. $113 price target. Slowing growth and unfavorable risk/reward.
Volcano (VOLC) rated new Outperform at Credit Suisse. $36 price target. Company has a solid growth profile and is a potential takeover target.
Wintrust Financial (WTFC) downgraded at Oppenheimer to Perform from Outperform, Oppenheimer said. $36.00 price target. Drop in US Treasury rates.
Weyerhaeuser (WY) upgraded at Citigroup to Buy from Neutral, Citigroup said. $28 price target. 2H lumber prices will be stronger than expected.
TheStreet Staff
07/09/12 - 09:26 AM EDT
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