NEW YORK (TheStreet
) -- CHANGE IN RATINGS
Casey's was initiated with a neutral rating at Goldman Sachs. Valuation call, based on a $62 price target, Goldman said.
Cirrus Logic was downgraded at Needham to buy from strong buy. $30 price target. Company overbuilt and overspent, relative to current demand levels, Needham said.
Dish Network was initiated with a hold rating at Stifel Nicolaus. Valuation call, Stifel Nicolaus said.
DirecTV was initiated with a buy rating at Stifel Nicolaus. $65 price target. Latin America can drive growth and company is buying back stock, Stifel Nicolaus said.
Intel was upgraded at Drexel Hamilton to buy from hold. $24 price target. Company has time to make changes in the mobile business, Drexel Hamilton said.
ITC was downgraded at Deutsche Bank to hold from buy. $93 price target. Valuation call, as utility stocks have outperformed the market year to date, Deutsche Bank said.
NCR was upgraded at Compass Point to buy from neutral. $33 price target. Financial category remains healthy, Compass Point said.
Northeast Utilities was upgraded at UBS to buy from neutral. The move comes on the potential revision to Connecticut's Renewable Standards, UBS said. Price target is $48.
Pepco was downgraded at Credit Suisse to underperform from neutral. $21 price target. Stock is already pricing in expected ROE improvement, Credit Suisse said.
Scripps Networks was initiated with a market perform rating at Bernstein. $71 price target. Company still has high programming costs and lacks an international presence, Bernstein said.
Wesco Aircraft was initiated with a sell rating at UBS. The company's significant defense exposure and downward margin trend make current consensus estimates seem too high, UBS said. Price target is $13.
Stock Comments / EPS Changes
Axiall was added to the Top Picks Live! list at Citigroup following the recent 15% pullback in the stock. The company's shale supremacy remains intact, and its free cash flow yield remains the highest in the group, Citigroup said.
Caterpillar estimates, price target were cut at Jefferies. Estimates were reduced through 2014. Miner capital plans should continue to decline, Jefferies said. Hold rating and new $75 price target.
Comerica estimates, price target were boosted at Credit Suisse. Shares are now seen reaching $36. Estimates were also increased, as the company is keeping a tight lid on costs, Credit Suisse said. Neutral rating.
Cirrus Logic numbers were reduced at Sterne Agee. Estimates were cut through 2015. Company preannounced lower customer demand, Sterne Agee said. Buy rating and new $27 price target.
First Republic numbers were cut at Credit Suisse. Estimates were reduced through 2014. Company is realizing a lower return on assets, Credit Suisse said. Neutral rating and new $41 price target.
Google estimates were increased at Sterne Agee through 2014. Mobile monetization should improve, Sterne Agee said. Neutral rating.
Goldman Sachs estimates were increased at UBS on the first-quarter beat and reduced expense expectations.
Grainger estimates and price target were increased at UBS. Sales and EBIT margins for 2013 will be better than expected, despite FX and increased investment spend, UBS said. Price target goes to $240.
Intel estimates were reduced at Bank of America/Merrill Lynch through 2015. Company is leveraged to lower PC demand, BofA/Merrill said. Buy rating.
Coca-Cola estimates and price target were increased at UBS. Organic KO global volume will remain between +3%-3.5%, and as KO refranchises NA distribution, margins and returns should improve, UBS said. Price target goes to $45.
Coca-Cola numbers were increased at BofA/Merrill. Estimates were raised through 2015. Company is seeing better case growth and realizing operating leverage, BofA/Merrill said. Buy rating and new $46 price target.
Target estimates were decreased at UBS. Weaker-than-expected first-quarter sales, said UBS.
Yahoo! estimates, target were raised at Credit Suisse. Shares are now seen reaching $23. Estimates were also increased, given higher equity earnings and a lower tax rate and share count, Credit Suisse said. Neutral rating.
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