Analysts' Actions: AZO BHI FIO MGM NOC

TheStreet.com

NEW YORK (TheStreet) -- CHANGE IN RATINGS:

Alon USA Partners ALDW was initiated with a neutral rating at Citigroup. $20 price target. Big refining payout priced into mid-cycle estimates, Citi said.

Ameriprise AMP was downgraded at Credit Suisse from outperform to neutral. $67 price target. Valuation call, as the stock is up 16% over the past two months, Credit Suisse said.

Aptargroup ATR was upgraded at Robert Baird from neutral to outperform. $58 price target. Acquisition should add to earnings and the company is cutting costs, Baird said.

AutoZone AZO was downgraded at Morgan Stanley to underweight from equal-weight. $340 price target. Exposure to payroll tax expiration and slowing DIFM sales, Morgan Stanley said.

Baker Hughes BHI was downgraded at Sterne Agee to neutral from buy. $46 price target. Limited near-term catalysts and concerns over profitability in Latin America, Sterne Agee said.

Ball BLL was downgraded at Robert Baird from outperform to neutral. Valuation call, based on a $48 price target, Baird said.

Celgene CELG was upgraded at Piper Jaffray to overweight from neutral. $111 price target. Successful pipeline reduces reliance on Revlimid, Piper Jaffray said.

DDR Corp. DDR was downgraded at Jefferies to hold from buy. $17 price target. Key catalyst has now occurred, Jefferies said.

Deckers DECK was downgraded at Robert Baird from outperform to neutral. $45 price target. Warmer winter weather could hurt Ugg sales, Baird said.

EMC Corp. EMC was downgraded at William Blair to market perform from outperform. Cyclical and secular headwinds to storage industry growth in 2013, William Blair said.

Emerson Electric EMR was downgraded at Morgan Stanley to equal-weight. Valuation call, based on a $62 price target, Morgan Stanley said.

Equity Residential EQR were upgraded at Jefferies to buy from hold. $64 price target. Transformational story gains momentum, Jefferies said. Buy rating.

Fusion-io FIO was downgraded at William Blair to market perform from outperform. Slower enterprise bookings and lackluster software growth, William Blair said.

Genworth GNW was downgraded at Credit Suisse from neutral to underperform. $7 price target. Valuation call, as the stock has doubled since the summer, Credit Suisse said.

Halcon Resources HK was upgraded to hold at TheStreet Ratings.

Harman International HAR was upgraded to buy at TheStreet Ratings.

Highwood Properties HIW was upgraded at Jefferies to buy from hold. $40 price target. Beneficiary of improving suburban office fundamentals, Jefferies said.

MGM Resorts MGM was upgraded at Credit Suisse from neutral to outperform. $17 price target. Estimates also increased, as the company is improving its balance sheet, Credit Suisse said.

MKS Instruments MKSI was upgraded at Bank of America to buy from underperform. $32 price target. Early cyclical leverage, Bank of America said.

Northrop Grumman NOC was downgraded at JP Morgan from neutral to underweight. Company trades at a 13% premium to its peers, JP Morgan said.

Och-Ziff OZM was downgraded at Goldman Sachs to neutral. Company is seeing relatively sluggish asset flow trends, Goldman said.

Raytheon RTN was downgraded at JP Morgan from overweight to neutral. Valuation call, as the stock is up 23% over the past year, JP Morgan said.

Senior Housing Properties SNH was downgraded at Jefferies to hold from buy. $24 price target. Wait-and-see approach on RIDEA, Jefferies said.

Superior Energy Services SPN was downgraded to Sterne Agee to neutral from buy. $24 price target. Lack of near-term catalysts, Sterne Agee said.

FMC Technologies FTI was upgraded at Sterne Agee to buy from neutral. $56 price target. Margin inflection point expected in 2013, Sterne Agee said.

Ventas VTR was upgraded at Jefferies to buy from hold. $72 price target. Positive mix between defense and growth, Jefferies said.

Stock Comments / EPS Changes

Amarin Corp. AMRN numbers were lowered at Jefferies. Shares are seen reaching $26. Estimates were also lowered on incremental commercialization update, Jefferies said. Buy rating.

American Tower AMT price target was raised at Oppenheimer. Shares are now seen reaching $90. Well-positioned to enable broadband services, Oppenheimer said. Outperform rating.

Celgene CELG numbers were raised at Jefferies. Shares are now seen reaching $104. Estimates were also raised on strong 2013-2017 outlook. Buy rating.

Cliffs Natural Resources CLF numbers were boosted at Bank of America/Merrill Lynch. Shares are now seen reaching $39. Estimates were also increased, given higher expected iron ore prices, BofA/Merrill said. Neutral rating.

Eaton Corp. ETN price was target raised at Oppenheimer to $63. Expectation has runway into late 2013, Oppenheimer said. Outperform rating.

MetLife MET was added to the US Focus List at Credit Suisse. Stock is already pricing in the worst-case scenario for 2013, Credit Suisse said.

Qualcomm QCOM estimates, price target were raised at Credit Suisse. Shares are now seen reaching $75. Estimates were also increased, as the company can expand its margins, Credit Suisse said. Outperform rating.

Yum! Brands YUM numbers were cut at UBS. Shares are now seen reaching $69. Estimates were also lowered on lower China SSS forecasts, UBS said. Neutral rating.

Yum Brands numbers were reduced at Credit Suisse. Shares are now seen reaching $77. Estimates were also reduced, given lower realized sales in China. Outperform rating.

>To submit a news tip, email: tips@thestreet.com.

READERS ALSO LIKE:


Follow TheStreet on Twitter and become a fan on Facebook.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.

View Comments