TheStreet Staff
03/22/12 - 08:30 AM EDT
Associated Banc (ASBC) downgraded at Morgan Stanley from Equal-weight to Underweight, Morgan Stanley said. Valuation call, based on a $13 price target.
CR Bard (BCR) upgraded at Goldman from Sell to Neutral, Goldman Sachs said. $98 price target. End-market demand is stabilizing.
Baker Hughes (BHI) numbers cut at Goldman. Shares of BHI now seen reaching $54, according to Goldman Sachs. Estimates also reduced, given the company's new guidance. Neutral rating.
CVB Financial (CVBF) downgraded at Wunderlich from Buy to Hold, Wunderlich said. $12 price target. Valuation call, as the stock is up about 60% since October.
Education Management (EDMC) upgraded at Morgan Stanley from Underweight to Equal-weight, Morgan Stanley said. $15 price target. Valuation call, as the stock is down 42% year-to-date.
Emerson Electric (EMR) upgraded at Nomura to Buy, Nomura said. $64 price target. Issues with Network Power business have been exaggerated.
First Horizon (FHN) downgraded at Morgan Stanley from Overweight to Equal-weight, Morgan Stanley said. $11 price target. Rise in treasury yields does not justify higher industry valuation.
First Republic (FRC) upgraded at Morgan Stanley from Equal-weight to Overweight, Morgan Stanley said. $36 price target.
Annaly Capital (NLY) downgraded at Sterne Agee from Neutral to Underperform, Sterne Agee said. $13.50 price target. Dividend and book value are facing increased risks.
PVH (PVH) upgraded at Deutsche from Hold to Buy, Deutsche Bank said. $100 price target. Company can continue to deliver consistent growth, despite near-term challenges.
Rackspace (RAX) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. Valuation call, based on a $57 price target.
Western Digital (WDC) upgraded at Needham from Buy to Strong Buy, Needham said. $66 price target. HGST purchase should help drive record profitability.
Exxon Mobil (XOM) upgraded at JP Morgan from Underweight to Neutral, JP Morgan said. Valuation call, based on a $92 price target.
STOCK COMMENTS / EPS CHANGES
Actuant (ATU) numbers raised at Jefferies. Shares of ATU now seen reaching $34, Jefferies said. Estimates also raised on favorable sales and margin trends. Buy rating.
Actuant estimates, target raised at BMO. Shares of ATU now seen reaching $35, according to BMO Capital. Estimates also increased, as the company is realizing higher margins. Outperform rating.
Actuant estimates, target raised at UBS. Shares of ATU now seen reaching $33, according to UBS. Estimates also increased as 2Q12 saw growing momentum. Buy rating.
Comerica (CMA) target raised at Oppenheimer to $38, Oppenheimer said. Commercial-focused banking model remains positioned for growth. Outperform rating.
Capital One Financial (COF) target raised at Oppenheimer. Shares of COF now seen reaching $61, Oppenheimer said. Bullish in financials. Outperform rating.
Discover Financial Services (DFS)numbers raised at Jefferies. Shares of DFS now seen reaching $37, Jefferies said. Estimates also raised on positive outlook. Buy rating.
Discover Financial Services numbers raised at Citigroup. Shares of DFS now seen reaching $33, according to Citigroup. Estimates also increased as strong credit outlook supports continued high ROE. Neutral rating.
Discover Financial numbers increased at KBW. DFS estimates were raised through 2013, Keefe, Bruyette & Woods said. Company is seeing better credit quality. Outperform rating and new $38 price target.
EMC (EMC) estimates, target boosted at Credit Suisse. Shares of EMC now seen reaching $35, according to Credit Suisse. Estimates also upped, given improved earnings visibility. Outperform rating.
General Mills (GIS) estimates lowered at Jefferies through 2013, Jefferies said. Margins are still an issue. Hold rating.
Halliburton (HAL) estimates lowered at Citigroup through 2013, Citigroup said. North America margins pressured. Maintain Buy rating and $42 price target.
Las Vegas Sands (LVS) numbers raised at Morgan Stanley. Shares of LVS now seen reaching $65, according to Morgan Stanley. Estimates also increased, given higher Macau growth. Overweight rating.
Microsoft (MSFT) estimates, target increased at Morgan Stanley. MSFT estimates were raised through 2014, Morgan Stanley said. New Office product will help drive growth. Overweight rating and new $37 price target.
Old Dominion (ODFL) numbers upped at Keybanc. ODFL estimates were boosted through 2013, Keybanc said. Company can gain market share in the coming quarters. Buy rating and new $55 price target.
Priceline.com (PCLN) target boosted at Piper to $763, according to Piper Jaffray. Company remains leveraged to increased use of online travel booking. Overweight rating.
Ralph Lauren (RL) estimates lowered at UBS through 2012, UBS said. One-time items and seasonal shifts in the business. Maintain Buy rating and $195 price target.
Starbucks Corporation (SBUX) numbers raised at Oppenheimer. Shares of SBUX now seen reaching $62, Oppenheimer said. Estimates also raised on declining coffee prices. Outperform rating.
Schlumberger (SLB) estimates lowered at Citigroup through 2013, Citigroup said. North America margins pressured. Maintain Buy rating and $86 price target.
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