CIT Group was upgraded at Oppenheimer to outperform from perform. $54 price target. Stock has lagged its peers and tangible book value is likely understated, Oppenheimer said.
ConocoPhillips was initiated with a hold rating at Cowen. Company is growing but may need to increase borrowing, Cowen said.
Discover was downgraded at Jefferies to hold. Valuation call, based on a $49 price target, Jefferies said.
eBay was upgraded at Wells Fargo to outperform from market perform. Expect Marketplaces and PayPal to drive growth, Wells Fargo said.
Edwards Lifesciences was downgraded at Lazard Capital Markets to neutral from buy. Company lacks visibility and will post lower earnings growth, Lazard Capital Markets said.
ExactTarget was initiated with a sell rating at TheStreet Ratings.
GNC was initiated with an outperform rating at Robert Baird. $52 price target. Company is a market leader with secular headwinds, Robert Baird said.
Ironwood Pharmaceutical was downgraded at Wedbush to underperform from neutral. Cash burn is occurring much faster than expected given high R&D expenses, Wedbush said. Price target is $12.
National Fuel Gas was upgraded at BMO Capital Markets to outperform from market perform. The company will benefit from improving natural gas prices and improving well results, BMO Capital said. Price target is $70.
Navios Maritime was upgraded to buy at TheStreet Ratings.
Netflix was downgraded at Jefferies to underperform. Valuation call, based on a $130 price target, Jefferies said.
Ryder Systems was upgraded at Wells Fargo to outperform from market perform. Cyclical lease replacements will drive the top line as dissipating maintenance headwinds drive margins, Wells Fargo said. Price target range is $62-$64.
AT&T was downgraded at Morgan Stanley to equal-weight. Valuation call, as the stock is up 16% year to date, Morgan Stanley said. $39 price target.
AT&T was downgraded at Citigroup to neutral. Further multiple expansion will be difficult with slowing top-line growth, said Citigroup.
STOCK COMMENTS/EPS CHANGES
Apple estimates, price target were cut at Lazard Capital Markets. Estimates were also reduced, given the company's new guidance, Lazard Capital Markets said. Buy rating.
Apple price target and estimates were reduced at Citigroup. Lower guidance. Mix will impact margins, China is a concern and the delay of the introduction of the next iPhone is disappointing, Citi said. Price target is $430.
Amgen estimates were increased at UBS on improving operating expenses, despite the weak first quarter results, said UBS.
Coach price target and estimates were increased at UBS. High-quality beat in the fiscal third quarter, UBS said. Gross profit was better than expected. Price target goes to $59.
Cree estimates were reduced at UBS. Reflected leveling-out of gross margins.
DuPont estimates were increased at UBS. Estimates for 2013 were increased to reflect the net impact of share count and other minor changes after reporting an in-line first quarter, said UBS.
Discover Financial Services price target and estimates were increased at Citigroup given the first-quarter beat. Fundamentals in Discover's card business remain strong, and card loan growth remains above the sector's, Citi said. Price target is $48.
Edwards price target and estimates were reduced at UBS. Estimates reduced through 2015 after the U.S. TAVI miss and guidance cut, said UBS. Price target goes to $64.
Gannett estimates were reduced at UBS through 2014. Slowdown in circulation revenue, said UBS.
Juniper Networks price target and estimates were reduced at Citigroup. Carrier spending strength is being offset by continued enterprise security challenges, Citi said. Price target is $24.
Molex estimates were reduced at UBS through 2014. Demand uncertainty and the risk related to Molex's exposure to Apple, said UBS.
Norfolk Southern price target and estimates were increased at UBS through 2014. First-quarter beat, said UBS. Price target goes to $78.
PACCAR price target and estimates were reduced at UBS through 2014. The company lowered its forecast for Europe industry sales, said UBS. Price target goes to $47.
VMware price target was cut at Citigroup to $73 to reflect lower confidence in license growth, said Citigroup.
>To submit a news tip, email: email@example.com.