NEW YORK (TheStreet) -- CHANGE IN RATINGS
Air Products was downgraded at Bank of America/Merrill Lynch to underperform from neutral. Valuation call, based on a $90 price target, BofA/Merrill said.
Apollo Group was upgraded to hold at TheStreet Ratings.
Centene was initiated with a buy rating at Lazard Capital Markets. $60 price target. Company will likely grow by entering new states, Lazard Capital Markets said.
Garmin was downgraded to hold at TheStreet Ratings.
Humana was initiated with a neutral rating at Lazard Capital Markets. Valuation call, Lazard Capital Markets said.
Macy's was initiated with a buy rating at Stifel Nicolaus. $55 price target. Company dominates the market and can achieve operating leverage, Stifel Nicolaus said.
Trimble was upgraded at Lazard Capital Markets to buy from neutral. $31 price target. Negative macro headlines have created a more attractive entry point, Lazard Capital Markets said.
Zoetis was upgraded to outperform from market perform at BMO Capital. $36 price target. 400 million new shares are hitting the market and any weakness should be seen as a buying opportunity, BMO Capital said.
STOCK COMMENTS/EPS CHANGES
Ameriprise Financial estimates were raised at Citigroup. Earnings estimates were increased given a more favorable mix shift, despite a cautious flow outlook, said Citigroup.
Bed Bath & Beyond numbers were increased at Wedbush. Estimates were raised through 2014. Company will likely buy back more stock and see business stabilize, Wedbush said. Outperform rating and new $85 price target.
Bed Bath & Beyond estimates were raised at UBS. Earnings estimates were raised as the housing recovery is beginning to be reflected in results, said UBS.
Carbo Ceramics numbers were cut at Sterne Agee. Shares are now seen reaching $73. Estimates were also reduced, given near-term uncertainty in Mexico, Sterne Agee said. Neutral rating.
Cisco price target was boosted at Stifel. Shares are now seen reaching $28, according to Stifel Nicolaus. Company appears to have regained its R&D momentum, Stifel Nicolaus said.
General Mills price target was boosted at BMO Capital to $52. Company is realizing higher operating profit, BMO Capital said. Outperform rating.
Monsanto estimates were raised at UBS. 2013 earnings estimates were raised to reflect the third-quarter beat, said UBS. 2014 and 2015 estimates remain intact.
Microsoft estimates were raised at BMO Capital through 2014. Expect higher Windows and Xbox sales, BMO Capital said. Market Perform rating and $34 price target.
Priceline.com numbers were raised at JMP Securities. Shares are now seen reaching $900. Estimates also increased, Kayak should help drive near-term growth, JMP Securities said. Outperform rating.
Precision Castparts numbers were increased at Bank of America/Merrill Lynch. Estimates were boosted through 2016. Company is augmenting organic growth with acquisitions, Bank of America/Merrill Lynch said. Buy rating and new $262 price target.
VF Corp. price target was raised at UBS to $212. Company has a higher growth profile with several top-line drivers and margin expansion opportunities, said UBS.
Vantiv numbers were raised at Citigroup. Earnings estimates were increased to reflect the debt refinancing and share buybacks, said Citigroup. Price target raised to $32.
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- Lazard Capital Markets
- Stifel Nicolaus