NEW YORK (TheStreet) -- CHANGE IN RATINGS
CRA International was downgraded to sell at TheStreet Ratings.
Discovery Communications was initiated with a buy rating at Sterne Agee. $87 price target. Highest quality earnings mix in group, Sterne Agee said.
Disney was initiated with a neutral rating at Sterne Agee. $69 price target. No catalyst for further multiple expansion, Sterne Agee said.
Energy Company of Parana was downgraded to hold at TheStreet Ratings.
Ross Stores was upgraded at Sterne Agee to buy from neutral. $75 price target. Valuation appears cheap relative to rival TJX, Sterne Agee said.
Safeway was downgraded at Citigroup to neutral. With the Canada sale, there is a lack of near-term catalysts, Citi said.
Viacom was initiated with a buy rating at Sterne Agee. $76.50 price target. The cheapest large-cap media stock in the group, Sterne Agee said.
STOCK COMMENTS/EPS CHANGES
Boston Scientific price target was raised at Deutsche Bank to $9 due to recent positive data on pipeline products, said Deutsche Bank.
Edwards Lifesciences price target was reduced at Deutsche Bank to $75. Continued uptake concerns, said Deutsche Bank.
IAC/InterActiveCorp price target was raised at Benchmark to $63. Concerns over the affiliate search space fade, warranting multiple expansion, said Benchmark. Earnings estimates were also adjusted.
Mondelez International estimates were reduced at Jefferies. Near-term growth is limited due to spinoff-related issues and slower emerging-market growth, said Jefferies.
Pacific Drilling estimates were reduced at Deutsche Bank for 2013. Downtime on the Pacific Mistral in the second quarter, said Deutsche Bank.
Sirona Dental Systems estimates were reduced at Cantor Fitzgerald. Reflect cautious margin outlook and slightly higher tax rate, said Cantor Fitzgerald.
Safeway price target was raised at Deutsche Bank to $27. Follows announcement of the sale of Safeway's Canadian operations, said Deutsche Bank.
Exelis TICKER TYPE="EQUITY" SYMBOL="XLS"/> price target was raised at Jefferies to $17. Revenue visibility is improving, and pension liability is reduced, said Jefferies.
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