Thursday, April 19, 2012

STOCK UPGRADES & DOWNGRADES



     

NEW YORK (TheStreet) -- CHANGE IN RATINGS
eBay(NOK) was upgraded at Benchmark from Hold to Buy. $45 price target. Marketplace is recovering, and the company is seeing higher mobile growth, Benchmark said.
eBay was upgraded from Neutral to Overweight at Piper Jaffray. $50 price target. Mobile payments should drive growth and bring the company a higher multiple, Piper Jaffray said.
F5 Networks(FFIV) was upgraded at Wunderlich from Hold to Buy. $145 price target. Accelerating sales growth is driving margin expansion, Wunderlich said.
F5 Networks was upgraded at Capstone from Hold to Buy. $149 price target. Company is seeing higher sales and earnings growth, Capstone said.
Liberty Media(LMCA) was initiated with a Buy rating at Miller Tabak. $101 price target. Company should continue to unlock value, Miller Tabak said.
Navistar(NAV) was downgraded from Outperform to Market Perform at Wells Fargo. Company is facing many near-term hurdles, Wells Fargo said.
Perrigo(PRGO) was downgraded at Caris & Co. from Buy to Above Average. Company is facing a weak flu season and continued margin pressure, Caris said.
Parexel(PRXL) was upgraded at Wells Fargo to Outperform. Sales momentum should continue throughout the year, Wells Fargo said.
Safeway(SWY) was upgraded at Deutsche Bank from Sell to Hold. Valuation call, based on a $22 price target, Deutsche said.
Toll Brothers(TOL) was upgraded at Deutsche Bank from Hold to Buy. $30 price target. Company has a strong balance sheet and can continue to grow, Deutsche Bank said.

Stock Comments / EPS Changes

Amphenol(APH) estimates, target were boosted at Credit Suisse. Shares are now seen reaching $65. Estimates were also increased, given the company's new guidance, Credit Suisse said. Outperform rating.
American Express(AXP) numbers were increased at Morgan Stanley. Estimates were increased through 2014. Company is realizing higher sales growth, Morgan Stanley said. Equal-weight rating and new $61 price target.
Blackrock(BLK) estimates, target were cut at Credit Suisse. Shares are now seen reaching $207. Estimates were also reduced, given a lower international pipeline and higher operating costs, Credit Suisse said. Neutral rating.
BlackRock estimates were lowered at Citigroup through 2013. Flow outlook appears decisively mixed, Citi said. Neutral rating and $201 price target.
eBay target, estimates were increased at UBS. Shares are now seen reaching $47. Estimates were also increased on solid first-quarter beat and raised F12 guide, UBS said. Buy rating.
F5 Networks numbers were raised at Credit Suisse. Estimates were boosted through 2014. Company is leveraged to multiple secular growth markets, Credit Suisse said. Outperform rating and new $139 price target.
Huntington Bancshares(HBAN) numbers were raised at Guggenheim. Shares are now seen reaching $7. Estimates were also increased, as the company is growing across the board, Guggenheim said. Neutral rating.
IBM(IBM) numbers were raised at Citigroup. Shares are now seen reaching $235. Estimates were also increased on consistent double-digit EPS growth. Buy rating.
Las Vegas Sands(LVS) numbers were increased at Deutsche Bank. Estimates were increased through 2013. Macau continues to drive growth, Deutsche said. Buy rating and new $68 price target.

TheStreet Staff

04/19/12 - 09:03 AM EDT

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