NEW YORK (TheStreet
) -- CHANGE IN RATINGS
BC was upgraded to buy at TheStreet Ratings.
BYD was downgraded to sell at TheStreet Ratings.
FRAN was upgraded at Jefferies to buy from hold. $38 price target. Looking good for the holidays, Jefferies said.
HNT was upgraded at Wells Fargo from market perform to outperform. Insurer has addressed most of its challenges, Wells said.
IACI was downgraded at Goldman Sachs to sell. $42 price target. Search competition is increasing, Goldman said.
PNM was downgraded at Jefferies to hold from buy. $21.50 price target. Diminishing opportunity to rate base PV3, Jefferies said.
Royal Bank of Canada
RY was initiated with a buy rating at Citigroup. $67 price target. More resilient than market implies, Citi said.
TD was initiated with a buy rating at Citigroup. $92 price target. Offers book value, dividend upside, Citi said.
STOCK COMMENTS / EPS CHANGES
AAPL estimates were increased at Sterne Agee through 2014. Checks show that lead times are improving for the new iPhone, Sterne Agee said. Buy rating and $840 price target.
JNPR numbers were raised at UBS. Shares are now seen reaching $18. Estimates also increased on cost cuts, UBS said.
MSFT estimates, price target were cut at Bank of America/Merrill Lynch. Shares are now seen reaching $35. Estimates were also reduced, given lower PC demand, BofA/Merrill said. Buy rating.
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