NEW YORK (TheStreet)
-- CHANGE IN RATINGSBoeing
was downgraded at Oppenheimer to perform from outperform. Valuation call, as the stock is trading at a price-to-earnings ratio of 14, based on expected 2016 earnings, Oppenheimer said.
CH Robinson was downgraded at Deutsche Bank to hold from buy. Valuation call, based on a $60 price target, Deutsche Bank said.
Dana Holding was downgraded to hold at TheStreet Ratings.
Dick's Sporting Goods was downgraded at BMO Capital to underperform from market perform. $46 price target. See uninspiring growth for the company in the near term, BMO Capital said.
Consolidated Edison was downgraded at Argus. Valuation call, as the company will likely see a negative rate case decision in New York, Argus said.
Heartland Payment was downgraded at Wells Fargo to market perform from outperform. Valuation call, Wells Fargo said.
Layne Christensen was upgraded at UBS to neutral. Future downside to earnings is largely reflected in the stock, UBS said. $16 price target.
Medtronic was downgraded at Argus to hold from buy. Sales have been softening for two quarters, Argus said.
Oaktree Capital was downgraded to sell at TheStreet Ratings.
Patterson Cos was downgraded at UBS to neutral from buy. Greater competition in dental equipment and pressure on the P&L related to voluntary IT investments, UBS said. $46 price target.
Pentair was initiated with a buy rating at Stifel Nicolaus. $80 price target. Tyco acquisition has transformed the company, Stifel Nicolaus said.
Sirius XM was initiated with a sector perform rating at Pacific Crest. Company is facing increased competition, Pacific Crest said.
Stock Comments / EPS Changes
Campbell Soup CPB numbers were cut at Credit Suisse. Shares are now seen reaching $41. Estimates were also reduced, given the company's new guidance, Credit Suisse said. Neutral rating.
Campbell Soup EPS, price target were reduced at Jefferies. CPB decreased its own numbers, Jefferies said. Tough comps, sluggish consumer and less support from new innovations, Jefferies said. $39 price target and hold rating.
Cepheid was cut from the Best Ideas List at Wedbush. Valuation call, based on a $47 price target, Wedbush said.
Home Depot price target, estimates were increased at UBS. The company lifted its own estimates, UBS said. Margin expansion in the third quarter, but two key trends were online growth and pro business growth, UBS said. $90 price target and buy rating.
IntercontinentalExchange price target, estimates were increased at UBS. Higher synergies and lower interest expense provide an uplift, UBS said. $235 price target and buy rating.
Medtronic estimates, price target were increased at Leerink Swann. Estimates were raised through 2015. New products can help boost growth, Leerink Swann said. Market Perform rating and new $60 price target.
Medtronic price target, estimates were increased at Jefferies. Recovery in ICDs and progress in key pipeline programs, Jefferies said. $60 price target and hold rating.
Priceline.com was added to the Conviction Buy List at Goldman Sachs. The company is gaining ground in the U.S., Goldman said. Price target was also boosted to $1,500.
TJX price target, estimates were increased at UBS. Executed in a highly promotional environment, UBS said. Poised to be a standout in a holiday season, UBS also said. $73 price target and buy rating.
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