Analysts' Actions: CMA, KEY, PNRA
Aruba Networks(ARUN) was initiated with a Buy rating at Needham. $28 price target. Company is leveraged to multiple secular growth trends, Needham said.
Atmel(ATML) was initiated with a Buy rating at Maxim. $12 price target. Company can grow through the touch market and gain market share in MCU, Maxim said.
Comerica(CMA) was initiated with a Sell rating at Citigroup. $29 price target. Valuation driven along with near-term negative catalysts, Citigroup said.
CNO Financial(CNO) was initiated with a Buy rating at Goldman Sachs. $9 price target. Company has superior growth prospects and is improving its balance sheet, Goldman said.
First Horizon National(FHN) was initiated with a Neutral rating at Citigroup. $11 price target. As derisking continues, focus shifts to growth, Citigroup said.
Huntington Bancshares(HBAN) was initiated with a Neutral rating at Citigroup. $7 price target. Collecting deposits, waiting for the turn, Citigroup said.
Keycorp(KEY) was initiated with a Buy rating at Citigroup. $10 price target. Despite the lack of catalysts, the stock is cheap, Citigroup said.
Liquidity Services(LQDT) was upgraded from Hold to Buy at Benchmark. $57 price target. Estimates were also boosted, as the company is expanding its market, Benchmark said.
MDC(MDC) was downgraded at JP Morgan to Underweight. Valuation call, as the stock is up 42% year to date, JP Morgan said.
Nvidia(NVDA) was initiated with a Buy rating at Cantor Fitzgerald. $20 price target. Company is leveraged to several growing technology trends and trades at a discount to its peers, Cantor said.
Panera Bread(PNRA) was initiated with an Outperform rating at Credit Suisse. $190 price target. Market is not yet pricing in the company's full earnings growth potential, Credit Suisse said.
Quality Systems(QSII) was downgraded at Morgan Stanley from Overweight to Equal-weight. Risk/reward is more balanced at current levels, Morgan Stanley said.
Regions Financial(RF) was initiated with a Neutral rating at Citigroup. $7 price target. TARP overhang removed, credit overhang remains, Citigroup said.
SPX Corp.(SPW) was started with an Outperform rating at Robert Baird. $95 price target. Company should deliver late-cycle earnings acceleration, Robert Baird said.
SunTrust Banks(STI) was initiated with a Neutral rating at Citigroup. $26 price target. Upward EPS revisions and multiple expansion possible, but priced in at current valuation, Citigroup said.
Stock Comments / EPS Changes
Bed Bath & Beyond(BBBY) numbers were raised at Morgan Stanley. Shares are now seen reaching $62. Estimates were also increased, as the company is realizing higher sales and cutting costs, Morgan Stanley said. Underweight rating.
DirecTV(DTV) estimates, target were boosted at Credit Suisse. Shares are now seen reaching $75. Estimates also increased, given higher expected ARPU growth, Credit Suisse said. Neutral rating.
Devon(DVN) price target was raised at UBS to $90. Bullish meeting offers long-term visibility, UBS said. Maintain Buy rating.
KB Home(KBH) estimates were lowered at UBS through 2013. Remain cautious after first-quarter results and obstacles persist, UBS said. Sell rating and $7 price target.
MasterCard(MA) price target was raised at Oppenheimer to $475. Strong quarterly volume trends. Outperform rating.
Monsanto(MON) estimates, target increased at Credit Suisse. Estimates were raised through 2013. Company is leveraged to higher corn demand, Credit Suisse said. Neutral rating and new $82 price target.
Under Armour(UA) price target was raised at UBS to $98. Strong spring sales, UBS said. Maintain Neutral rating.
Visa(V) price target was raised at Oppenheimer to $140. Strong quarterly volume trends, Oppenheimer said. Outperform rating.
Western Digital(WDC) numbers were cut at FBN Securities. Shares are now seen reaching $50. Estimates were also reduced, as price competition is heating up, FBN said. Outperform rating.
Zumiez(ZUMZ) estimates and target were increased at Credit Suisse. Estimates were boosted through 2014. Comp sales momentum remains strong, Credit Suisse said. Neutral rating and new $35 price target.
TheStreet Staff
04/05/12 - 08:48 AM EDT
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