Analysts' Actions: AZO CG GLW CSCO TMUS

TheStreet Staff
May 13, 2013

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Autozone was downgraded at Deutsche Bank to hold from buy. $410 price target. Valuation call, as the stock is up 15% year to date, Deutsche said.

Franklin Resources was upgraded at UBS to buy from neutral. BEN's diversified product offering, global scale and local distribution is powerful, UBS said. Price target goes to $185.

Franklin Resources was upgraded at Citigroup to buy from neutral. Global bond flows are sustainable, the U.S. business is undervalued and the equities business is performing best in class, Citi said. Price target goes to $200.

Carlyle Group was downgraded at UBS to neutral from buy. Fundraising efforts will weigh on results in the near term, UBS said. Price target goes to $32.

Cisco Systems was upgraded at FBR Capital Markets to market perform from underperform. $19 price target. Company appears to be gaining momentum in the SDN area, FBR Capital Markets said.


Dupont Fabros was upgraded at Jefferies to buy. $32 price target. Company can continue to generate solid bottom-line growth, Jefferies said.

Endo Health was downgraded at Lazard Capital Markets to sell from neutral. $27 price target. FDA denied Opana CP, Lazard Capital Markets said.

Express Scripts was upgraded at Jefferies to buy from hold. $74 price target. Uncertainty is gone and the company should resume share repurchases, Jefferies said.

Corning was upgraded at Morgan Stanley to equal-weight. LCD prices are more stable and the company is hedged against the yen, Morgan Stanley said. $16 price target.


Invesco was downgraded at UBS to neutral from buy. Progress toward margin target has been solid and is priced in, UBS said. Price target goes to $35.

Johnson Controls was upgraded at Lazard Capital Markets to buy from neutral. $45 price target. Recent meetings with management confirm that operations are improving, Lazard Capital Markets said.

Omega Protein was upgraded to buy at TheStreet Ratings.

Owens Corning was upgraded at Keybanc to buy from hold. $51 price target. Insulation margins should improve with the housing recovery, Keybanc said.

PAR Technology was downgraded to sell at TheStreet Ratings.

Parker Hannifin was initiated with a buy rating at Bank of America/Merrill Lynch. $112 price target. Earnings will likely exceed expectations in fiscal 2014, BofA/Merrill said.

Prudential Financial was downgraded at Bank of America/Merrill Lynch. $69 price target. Valuation call, as the stock is up 22% year to date, BofA/Merrill said.

Thoratec was downgraded at Lazard Capital Markets to neutral. There is limited visibility in the LVAD market, Lazard Capital Markets said.

T-Mobile was upgraded at UBS to buy from neutral. The company is at an inflection point and should see growth in postpaid net adds, UBS said. Price target goes to $24.


STOCK COMMENTS/EPS CHANGES

Apollo Global price target and estimates were increased at UBS. APO is monetizing its private equity portfolio, which should lead to cash distributions, said UBS. Price target goes to $32.

BlackRock price target and estimates were increased at UBS to reflect the company's scale advantage in a changing bond market. Price target goes to $310.

Google price target was raised at Bank of America/Merrill Lynch. Shares are now seen reaching $950. Internet sector is seeing multiple expansion, BofA/Merrill said. Buy rating.

Chipotle price target was boosted at Miller Tabak. Shares are now seen reaching $395. Expect sales growth to accelerate through 2014, Miller Tabak said. Buy rating.

Endo Health price target and estimates were reduced at UBS. The FDA denied Opana CP, said UBS. Price target goes to $39.

FirstEnergy price target and estimates were increased at UBS. Estimates were increased on higher first-quarter results and ahead of key catalysts, said UBS. Price target goes to $44.

Google price target was raised at Bank of America/Merrill Lynch. Shares are now seen reaching $950. Internet sector is seeing multiple expansion, BofA/Merrill Lynch said. Buy rating.

Michael Kors was added to the Best Ideas List at Morgan Stanley. Company's earnings potential is among the best in the industry and not yet reflected in the stock, Morgan Stanley said. $71 price target.

T. Rowe Price estimates were reduced at UBS. Slowing organic growth rates, said UBS. An overly conservative balance sheet is also leaving money on the table, UBS also said.

United Rentals price target was increased at Citigroup to $70 on higher market/peer multiples. End-market outlook remains favorable, Citi said.

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