NEW YORK (TheStreet) -- CHANGE IN RATINGS
Avery Dennison was upgraded at Bank of America/Merrill Lynch to buy from neutral. $52 price target. Favor more offensive names in the sector, BofA/Merrill said.
Bemis was downgraded at BofA/Merrill to underperform from buy. Valuation call, based on a $44 price target, BofA/Merrill said.
FAB Universal was upgraded to hold at TheStreet Ratings.
Gilat Satellite was downgraded to sell at TheStreet Ratings.
General Mills was downgraded at Jefferies to underperform from hold. $44 price target. Weaker outlook at a high price, Jefferies said.
Nordstrom was downgraded at Sterne Agee to neutral. Company is investing more in future growth, but domestic consumer activity remains choppy, Sterne Agee said. $62 price target.
Pandora was upgraded at Goldman Sachs to buy from neutral. $27 price target. Mobile ad RPM and subscription revenue growth are accelerating, Goldman said.
Xcel Energy was initiated with a neutral rating at UBS. $30 price target. Growth opportunities are slowing, UBS said.
Stock Comments / EPS Changes
Applied Materials estimates were cut at UBS through 2014. Company is facing gross margins headwinds, UBS said. Neutral rating and $15 price target.
Aspen Technology numbers were raised at Benchmark. Shares are now seen reaching $38. Estimates were also increased, as the company has a lot of earnings momentum, Benchmark said. Buy rating.
Dick's Sporting Goods estimates were lowered at J.P. Morgan. Estimates were lowered through 2013. Expecting the third consecutive quarter of lower-than-forecasted same store sales growth, J.P. Morgan said. $60 price target and overweight rating.
Wal-Mart estimates, price target were reduced at UBS through 2015. Estimates were cut through 2015. Company is seeing weaker grocery sales, UBS said. Buy rating and new $88 price target.
Wal-Mart numbers were cut at Jefferies. Shares are now seen reaching $86. Estimates were also lowered on weak quarterly results, Jefferies said. Buy rating.
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