NEW YORK (TheStreet) -- CHANGE IN RATINGS
Air Products APD downgraded at BofA/Merrill from Buy to Neutral, Bank of America/Merrill Lynch said. $86 price target. Company is facing margin and volume pressure in its merchant gas business.
BB&T BBT downgraded at Sterne Agee from Buy to Neutral, Sterne Agee said. $32 price target. Estimates also cut, given the weaker economy and lower expected net interest margin.
BB&T upgraded at Citigroup to Buy from Neutral, Citigroup said. $35 price target. Increased transparency on purchase accounting.
Beam BEAM upgraded at Morgan Stanley to Overweight, Morgan Stanley said. $64 price target. Recent pullback has created an attractive buying opportunity.
Cliffs Natural CLF downgraded at Deutsche from Buy to Hold, Deutsche Bank said. Valuation call, based on a $45 price target.
Cablevision CVC upgraded at BofA/Merrill from Hold to Buy, Bank of America/Merrill Lynch said. Company will likely raise rates, leading to higher sales in 2013. $23 price target.
DDR Corp DDR downgraded at UBS to Neutral from Buy, UBS said. $16 price target. Catalysts are in the rear view mirror.
Eaton ETN upgraded at MKM to Buy, MKM Partners said. Valuation call, based on a $57 price target.
Edwards Lifesciences EW downgraded at Citigroup to Neutral from Buy, Citigroup said. $95 price target. EU issues will likely linger and impact near term ramp.
Owens & Minor OMI downgraded at UBS to Sell from Neutral, UBS said. Negative datapoints for OMI's customer base.
Public Service PEG downgraded at Credit Suisse from Neutral to Underperform, Credit Suisse said. $28.50 price target. Company is least leverages to a cyclical recovery in power demand.
Texas Industries TXI upgraded at Sterne Agee from Underperform to Neutral, Sterne Agee said. Company is a potential takeover target.
United Natural UNFI rated new Neutral at Goldman. Valuation call, based on a $57 price target.
Wendy's WEN rated new Neutral at Credit Suisse. Company lacks visibility and will be hurt by higher beef costs. $4.50 price target.
Wright Express WXS upgraded at JP Morgan from Underweight to Neutral, JP Morgan said. $76 price target. Estimates also boosted, given higher gas prices and the recent Fleet One purchase.
Dentsply XRAY downgraded at UBS to Sell from Neutral, UBS said. $35 price target. Recent negative datapoints from Nobel and Align.
STOCK COMMENTS / EPS CHANGES
Air Products APD target lowered at Jefferies to $94, Jefferies said. Shares will be range- bound into spring. Buy rating.
City National CYN numbers raised at BMO. Shares of CYN now seen reaching $53, according to BMO Capital. Estimates also increased, as the company is seeing higher fee income. Market Perform rating.
Edwards Lifesciences EW numbers reduced at Credit Suisse. Shares of EW now seen reaching $96, according to Credit Suisse. Estimates also cut, given lower TAVI expectations. Neutral rating.
Edwards Lifesciences numbers lowered at Jefferies. Shares of EW now seen reaching $100, Jefferies said. Estimates also lowered on near- term challenges. Buy rating.
Hain Celestial HAIN numbers raised at Canaccord. Shares of HAIN now seen reaching $66, according to Canaccord. Estimates also increased, given the recent acquisition. Buy rating.
Honeywell International HON target raised at Oppenheimer to $71, Oppenheimer said. Operating momentum greases multiple potential. Outperform rating.
Kroger KR estimates, target raised at Goldman. Shares of KR now seen reaching $23, according to Goldman Sachs. Estimates also increased, given higher realized growth trends. Sell rating.
Manpower MAN estimates, target boosted at Credit Suisse. Shares of MAN now seen reaching $46, according to Credit Suisse. Estimates also upped, as higher sales are boosting margins. Outperform rating.
McDonald's MCD estimates, target cut at Lazard. Shares of MCD now seen reaching $101, according to Lazard. Estimates also reduced, as the company is facing increased competition. Buy rating.
Parker Hannifin PH numbers cut at Credit Suisse. Shares of PH now seen reaching $87, according to Credit Suisse. Estimates also reduced, given the company's new guidance. Outperform rating.
Polaris PII estimates, target boosted at BMO. Shares of PII now seen reaching $105, according to BMO Capital. Estimates also upped, given the company's sales momentum. Outperform rating.
Schlumberger SLB estimates, target increased at Guggenheim. SLB estimates were raised through 2013, Guggenheim said. Deepwater exploration demand remains strong. Buy rating and new $90 price target.
Valmont VMI estimates, target upped at DA Davidson. VMI estimates were boosted through 2013, DA Davidson said. Company has solid business visibility. Buy rating and new $160 price target.
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