NEW YORK (TheStreet
) -- CHANGE IN RATINGS
F5 Networks was upgraded to buy at Nomura. $88 price target. Recent project delays will likely prove to be temporary, Nomura said.
Western Digital was downgraded from buy to hold at Craig-Hallum. Valuation call, based on a $54 price target, Craig-Hallum said.
Waste Management was upgraded from hold to buy at Wunderlich. $43 price target. Company is seeing solid price leverage and can grow cash flow, Wunderlich said.
McGraw-Hill was downgraded from buy to hold at Jefferies. Valuation call, as the stock has reached the previous $51 price target, Jefferies said.
Intuit shares were downgraded to Neutral at Citi. Earnings growth is now expected to settle in the 10-15% range (vs. 15-20% historically), said Citigroup. Price target is $59.
Intuit was downgraded from overweight to neutral at JP Morgan said. $60 price target. Consumer tax business is slowing.
Asbury Automotive was upgraded from hold to buy at Craig-Hallum. $42 price target. Company is realizing higher margins Craig-Hallum said.
Akamai was upgraded to overweight at JP Morgan. Media business is accelerating, JP Morgan said.
Ashland was downgraded from buy to hold at Keybanc. Stock is up 20% in recent weeks, but core growth could be slowing, Keybanc said.
Cullen/Frost CoName was downgraded from market perform to underperform at FBR. 56 price target. Loan growth is slowing, along with NIM compression, FBR Capital Markets said.
Everbank was upgraded from neutal to buy at Sterne Agee. $17 price target. Stock has pulled back to an attractive level, Sterne Agee said.
RockTenn was downgraded from buy to neutral at DA Davidson. Valuation call, as the company lacks near-term catalysts, DA Davidson said.
T. Rowe Price was downgraded from outperform to market perform at Wells. Company is seeing lower asset inflows, Wells Fargo said.
Zoetis was upgraded from underperform to market perform at BMO. Valuation call, based on a $30 price target, BMO Capital said.
STOCK COMMENTS/EPS CHANGES
Barrick Gold price target and estimates have been reduced to reflect lower gold prices reduced at Citi. Price target gets cut to $25.
Aflac earnings estimates were reduced through 2014 to reflect the weaker yen, said UBS.
Boeing estimates, target were raised at Credit Suisse. Shares are now seen reaching $110, according to Credit Suisse. Estimates also increased, as the company is ramping production. Outperform rating.
Cliffs Natural earnings estimates were increased to reflect increased US iron ore volume guidance and much lower guided tax rate, said UBS.
Cabot Oil & Gas price target and estimates were increased given upside potential to production growth, said UBS. Price target goes to $67.
Citrix Systems price target and estimates were reduced given desktop weakness, said Citigroup. Price target gets cut to $75.
Equinix price target and estimates have been reduced given the risk related to elevated churn and slower growth in the European segment, said Citigroup. Price target gets cut to $235.
ServiceNow price target and earnings estimates were increased to reflect the first quarter billings blowout, said UBS. The price target was raised to $43.
Priceline.com numbers were cut at Credit Suisse. Shares are now seen reaching $886, according to Credit Suisse. Estimates also reduced, given currency changes. Outperform rating.
Panera Bread numbers were reduced at Lazard. Shares are now seen reaching $199, according to Lazard Capital Markets. Estimates also cut, given lower sales expectations. Buy rating.
Qualcomm estimates were increased to reflect increased guidance, said UBS. The company's guidance could prove conservative given share gains in low-cost 3G smartphones.
Qualcomm estimates, target were cut at BMO Capital. Estimates were reduced as the company is realizing lower margins. Outperform rating and $77 price target.
Thermo Fisher estimates were reduced to reflect weaker industrial and academic end-markets, said UBS. Challenges associated with the sequestration will accelerate in 2013.
Western Digital price target and estimates were increased based on share gains, cost reductions and solid HDD units, said Citigroup. Price target is now $37.
Wellpoint estimates, target were boosted at Cantor. Shares are now seen reaching $74, according to Cantor Fitzgerald. Estimates also upped, given the company's new guidance. Hold rating.
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