Analysts' Actions: COST DWA S TGT WMT

TheStreet.com

NEW YORK (TheStreet) -- CHANGE IN RATINGS

CH Robinson was downgraded at J.P. Morgan to underweight from neutral. Company is facing increased competition, J.P. Morgan said.

Costco was initiated with a buy rating at UBS. Membership fees will drive reliable profit growth, UBS said. Price target is $121.

Dreamworks Animation was upgraded at B. Riley to buy from sell. $23 price target. Stock is trading below tangible book value, B. Riley said.

M&T Bank was downgraded at Keefe, Bruyette & Woods to market perform from outperform. $110 price target. Closing of the HCBK deal should be delayed, KBW said.

Old Dominion was upgraded at J.P. Morgan to overweight. Company has lagged its peers year to date but can gain market share in the coming quarters, J.P. Morgan said.


Pioneer Natural was upgraded at Canaccord Genuity to hold from sell. $112 price target. Expect better capital productivity from the Spraberry field, Canaccord said.

Sprint Nextel was upgraded at J.P. Morgan to overweight from neutral. $8 price target. Company continues to hold long-term strategic value, J.P. Morgan said.

Sarepta was downgraded at Leerink Swann. Company is not sure whether the FDA will allow for an accelerated filing of drisapersen, Leerink Swann said. Fair value is $41.


Target was initiated with a neutral rating at UBS. PFresh and REDcard will continue to benefit 2013, but the fast entry into Canada is risky, UBS said. Price target is $75.

Thermo Fisher was upgraded at Mizuho to buy from neutral. $90 price target. Life purchase bolsters the company's margins and growth profile, Mizuho said.

Vulcan Materials was upgraded at Sterne Agee to buy from neutral. $55 price target. Company is leveraged to strong end-market demand, Sterne Agee said.

Wal-Mart was initiated with a buy rating at UBS. A turnaround in the U.S. business, investments in small box stores and e-commerce as well as international growth will drive the sales higher, UBS said. Price target is $89.

Stock Comments / EPS Changes

Apple target lowered at Piper Jaffray to $688. March Street expectations still appear too high, and Apple is likely to guide June down, Piper Jaffray said. Overweight rating.

Apple estimates, target cut at Stifel Nicolaus. Shares are now seen reaching $600. Estimates were also reduced, given lower expected iPhone shipments, Stifel Nicolaus said. Buy rating.

Alliance Data Systems price target and estimates were increased at Citigroup ahead of first-quarter results. Charge-offs and financial rates for Private Label should be better than expected, Citi said. Price target goes to $171.

Boeing target was boosted at Jefferies. Shares are now seen reaching $115. Earnings can continue to grow through 2016, Jefferies said. Buy rating.

Citigroup estimates were updated at UBS. Estimates were reduced through 2014 on a higher tax rate.

Citigroup estimates, target were raised at Credit Suisse. Shares are now seen reaching $53. Estimates were also increased, given a higher capital ratio and usage of the deferred tax asset, Credit Suisse said. Outperform rating.

Fastenal estimates were reduced at UBS. Weaker-than-expected sales in first quarter, along with a more cautious outlook, UBS said.

Hershey Foods price target and estimates were increased at Citigroup. Acquisition of Brookside will drive incremental top-line and EPS growth, said Citigroup. 2014 earnings were increased, and the new price target is $100.

Kodiak price target and estimates were reduced at UBS. Company reported that first-quarter production sales were below expectations and capex was above expectations, UBS said. Price target goes to $10.

Microsoft estimates were reduced at Jefferies. Estimates were cut through 2014. Company is leveraged to lower PC demand, Jefferies said. Hold rating and $31 price target.

Netgear estimates, target were reduced at Sterne Agee through 2014. Company lowered guidance, because of poor storage exection, Sterne Agee said.

Wells Fargo price target and estimates were increased at UBS. The company reported first-quarter results. Price target goes to $37, Wells Fargo said.

US Steel numbers were reduced at Jefferies. Shares now seen reaching $18, according to Jefferies. Estimates also cut, given lower pricing and demand trends for steel, Jefferies said. Hold rating.

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