NEW YORK (TheStreet) -- CHANGE IN RATINGS
Bank of America was downgraded at Guggenheim to neutral from buy. $17 price target. Larger banks are facing mortgage headwinds, Guggenheim said.
Cott was downgraded to hold at TheStreet Ratings.
DryShips was upgraded to hold at TheStreet Ratings.
Esterline was downgraded at Bank of America/Merrill Lynch to underperform. $77 price target. Company is leveraged to a slowing of defense spending, BofA/Merrill said.
Fluor was downgraded at DA Davidson to neutral from buy. Valuation call, based on a $75 price target, DA Davidson said.
Goldman Sachs was downgraded at Guggenheim to neutral from buy. $183 price target. Capital markets income could be hurt by another decline in interest rates, Guggenheim said.
Home Bancshares was downgraded at Wunderlich to hold from buy. Valuation call, based on a $30 price target, Wunderlich said. Liberty purchase should add to earnings, but adds risk to the thesis, Wunderlich also said.
International Game Technology was downgraded at Deutsche Bank to hold from buy. Valuation call, based on a $22 price target, Deutsche Bank said.
Marathon Oil was downgraded at Stifel Nicolaus to hold from buy. Company lacks near-term catalysts to drive the stock higher, Stifel Nicolaus said.
Nike was downgraded at Stifel Nicolaus to hold from buy. Company is facing higher costs and earnings could fall modestly year over year, Stifel Nicolaus said.
Nike was upgraded at Sterne Agee to buy. $85 price target. Estimates also boosted, as the company is seeing higher futures order growth, Sterne Agee said.
Northeast Utilities was upgraded at Argus Research to buy from hold. $49 price target. Company can continue to cut costs and faces a more constructive regulatory environment, Argus Research said.
Regions Financial was upgraded at Guggenheim to buy from neutral. $11 price target. Expect asset quality costs to remain extremely low, Guggenheim said.
URS was downgraded at Keybanc to hold from buy. Valuation call, as the stock is up 60% over the past year, Keybanc said.
STOCK COMMENTS / EPS CHANGES
Blackstone estimates, price target were increased at Jefferies. Estimates were raised through 2014. Outlook for growth and fee generation is the best it's been in years, said Jefferies. Buy rating and new $30 price target.
Eli Lilly numbers were reduced at Guggenheim. Shares are now seen reaching $61. Estimates were also cut, as the company's breast cancer treatment failed in clinical trials. Outperform rating.
McCormick estimates, price target were lowered at Jefferies. Shares are now seen reaching $76. Estimates were also cut, given the company's new guidance, Jefferies said. Buy rating.
Qualcomm estimates, price target were reduced at Piper Jaffray. Shares are now seen reaching $66. Estimates were also cut, as channel checks suggest a slowdown in wafer starts, Piper Jaffray said. Neutral rating.
United Parcel Service numbers were boosted at Credit Suisse. Shares are now seen reaching $100. Estimates were also increased, as the company can gain market share and expand margins, Credit Suisse said. Outperform rating.
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