NEW YORK (TheStreet
) -- CHANGE IN RATINGS
AAPL rated new Neutral at Nomura. $710 price target. Growth could decelerate by 2014.
ALLT upgraded at Jefferies to Buy from Hold, Jefferies said. $30 price target. Verizon will soon begin ramping.
ARUN upgraded to hold at TheStreet Ratings.
AWAY upgraded to hold at TheStreet Ratings.
CAH upgraded at ISI from Market Weight to Overweight, ISI Group said. $46 price target. Stock is already factoring in pricing fears with WAG and CVS.
CAT rated new Neutral at Piper. $90 price target. Mining segment is a long term strength, but an overhang in 2013.
CYMI rated new Outperform at CLSA. $60 price target. Leading stepper light source supplier.
DELL rated new Sell at Citigroup. $8.50 price target. BYOD trends should pressure shares.
DTV downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $58 price target. Company will likely buy back fewer shares in the coming quarters.
EIX downgraded at Jefferies to Hold from Buy, Jefferies said. $51 price target. Valuation call.
EVR rated new Neutral at UBS. $28 price target. Dilution risk could limit support the yield provides to the stock.
GHL rated new Neutral at UBS. $52 price target. Premium valuations restored, further upside seems limited.
HPQ rated new Sell at Citigroup. $13.50 price target. Needs clear strategic direction and leadership.
IBM rated new Buy at Citigroup. $250 price target. One of the most compelling long term investments in tech.
Johnson & Johnson
JNJ downgraded at Goldman from Neutral to Sell, Goldman Sachs said. Valuation call, based on a $72 price target.
LAZ rated new Sell at UBS. $25 price target. Solid mature business, but valuation and expectations stretched.
LLY upgraded at Goldman from Sell to Neutral, Goldman Sachs said. $54 price target. Sola could reach the market in 3 to 4 years.
NFLX downgraded at BofA/Merrill from Buy to Underperform, Bank of America/Merrill Lynch said. $72 price target. Valuation call, as the stock is up 31% over the past two weeks.
PCAR rated new Overweight at Piper. $48.50 price target. Best positioned to benefit from a return to growth in the North American truck market.
Pier 1 Imports
PIR rated new Buy at Deutsche. $25 price target. Company is leveraged to positive industry trends.
PRGS downgraded at Mizuho from Buy to Neutral, Mizuho said. $14.50 price target. Company is losing a key leader, which it will struggle to replace.
PXD rated new Outperform at Wells. Wolfcamp play should drive near-term growth.
QCOR upgraded at Jefferies to Buy from Hold, Jefferies said. $28 price target. Limited downside with improved visibility.
VRTX rated new Buy at Deutsche. $77 price target. New cystic fibrosis drug should be the next main driver.
STOCK COMMENTS / EPS CHANGES
MCO estimates, target increased at Piper.
MCO estimates were raised through 2013, Piper Jaffray said. Company is leveraged to higher debt issuance rates. Overweight rating and new $55 price target.
PNR estimates, target raised at Credit Suisse.
Shares of PNR now seen reaching $54, according to Credit Suisse. Estimates also increased, as the Tyco deal should add to earnings. Neutral rating.
RVBD estimates, target boosted at ThinkEquity. Shares of RVBD now seen reaching $26, according to ThinkEquity. Estimates also upped, given higher expected demand and pricing. Buy rating.
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