NEW YORK (TheStreet
) -- CHANGE IN RATINGS
Abbott Laboratories was upgraded at Goldman Sachs was upgraded to buy from neutral at Goldman Sachs. $44 price target. Growth poised to accelerated with margin expansion, Goldman said.
Accenture was upgraded at Goldman Sachs to buy. $90 price target. Consulting business is turning around, Goldman said.
American Greetings was upgraded to buy at TheStreet Ratings.
Brinker was downgraded at Wells Fargo to market perform from outperform. Sales growth should continue to decelerate, Wells Fargo said.
Equifax was downgraded at Goldman Sachs to neutral from buy. Valuation call, Goldman said.
General Dynamics was upgraded at Drexel Hamilton to buy. $88 price target. Company will likely not be hurt as much by defense budget cuts, Drexel Hamilton said.
HigherOne Holdings was upgraded to hold at TheStreet Ratings.
CarMax was downgraded at William Blair to market perform at BMO Capital Markets. Expectations are high going in the first-quarter report, and valuation is rich, BMO Capital Markets said.
J.C. Penney was upgraded at Maxim Group to buy from hold. $27 price target. Recent change in strategy should drive traffic back to the stores, Maxim said.
Kansas City Southern was downgraded at Stifel Nicolaus to sell from hold. Valuation call, Stifel Nicolaus said.
Michael Kors was initiated with a buy rating at Canaccord Genuity. North American wholesale is an underappreciated growth opportunity, Canaccord said. Price target is $82.
Lowe's was downgraded at Oppenheimer to perform from outperform. Valuation call, Oppenheimer said.
NetApp was downgraded at Robert Baird to outperform from neutral. Company is facing increased competition, Robert Baird said.
Priceline.com was upgraded at Deutsche Bank to buy from hold. $900 price target. Expect industry fundamentals to improve in the second half of the year, Deutsche Bank said.
Red Hat was downgraded at BMO Capital Markets to market perform from outperform. $54 price target. Stock is up 15% in May, even though business is decelerating, BMO Capital said.
Range Resources was downgraded at Stifel Nicolaus to hold from buy. Valuation call, as the stock is up 22% year to date, Stifel Nicolaus said.
Sandisk was downgraded at Nomura to neutral from buy. Valuation call, based on a $60 price target, Nomura said.
Taylor Morrison was initiated with an overweight rating at J.P. Morgan. $31 price target. Company can deliver above-average order growth and margins, J.P. Morgan said.
T-Mobile US was upgraded at Deutsche Bank to buy from hold. $28 price target. Operating momentum remains stable, and the company deserves a higher valuation, Deutsche Bank said.
Wisconsin Energy was downgraded at Robert Baird to neutral from outperform. Valuation call, Baird said.
STOCK COMMENTS/EPS CHANGES
Advanced Micro Devices price target and estimates were raised at UBS. Estimates were increased to reflect the semi-custom chip opportunity, said UBS. Price target goes to $4.50.
Boeing estimates, price target were boosted at Stifel Nicolaus. Shares are now seen reaching $115.Estimates also upped, given expected margin improvement, Stifel Nicolaus said.
Best Buy price target and estimates were raised at UBS. Estimates were increased ahead of reporting first-quarter results. Sales stability and cost-cutting initiatives are expected to be reported, UBS said. Price target goes to $27.
Buckeye Partners price target and estimates were raised at UBS. BPL estimates were increased to reflect additional profit and revenue from Buckeye Pipeline Co. and BORCO, said UBS. Price target goes to $70.
Charter Communications price target and estimates were raised at Citigroup. Estimates were increased on the first-quarter beat and lower-than-expected interest expense going forward, Citigroup said. Price target goes to $131.
Discover Financial price target and estimates were raised at KBW. Estimates were raised given improving credit trends and an expectation for benign ramp in credit losses, said KBW. Price target goes to $57.
J.C. Penney price target and estimates were reduced at BMO Capital Markets. Estimates were reduced given the first-quarter miss and increased interest expense, said BMO Capital Markets. Price target goes to $7.
Kraft Foods numbers were raised at Bank of America/Merrill Lynch. Shares are now seen reaching $62. Estimates were also increased, given higher productivity, BoF/Merrill said. Buy rating.
Medtronic price target was raised at Citigroup to $57 given a higher peer group valuation, said Citigroup.
Tesoro price target and estimates were raised at UBS. FTC clearance for the Carson refinery acquisition was received, said UBS. Price target goes to $69.
VF Corp. price target was raised at Citigroup. Price target was raised to $219. The June analyst day will serve as a key catalyst for the stock, Citi said.
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- Investment & Company Information
- Goldman Sachs
- BMO Capital Markets
- Stifel Nicolaus