NEW YORK (TheStreet) -- CHANGE IN RATINGS
Alliant Techsystems ATK upgraded at Goldman from Neutral to Buy, Goldman Sachs said. $72 price target. Multiple headwinds have now passed and the company offers a 12% free cash flow yield.
Cisco Systems CSCO downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $17 price target. Enterprise headwinds are likely to intensify.
Concho Resources CXO upgraded at Goldman to Buy, Goldman Sachs said. Permian basin can drive near-term growth. $111 price target.
Eagle Materials EXP rated new Buy at Goldman. Company also placed on the Conviction List. $65 price target. Better wallboard and cement pricing can drive earnings upside.
Fastenal FAST upgraded at Baird from Neutral to Outperform, Robert Baird said. $51 price target. Risk/reward is attractive, given expected accelerated earnings growth.
FleetCor Technologies FLT upgraded at Citigroup to Buy from Neutral, Citigroup said. $56 price target. Another beat and raise.
Forest Laboratories FRX rated new Buy at Mizuho. $45 price target. New products should help drive future growth.
Groupon GRPN downgraded at Barrington from Outperform to Market Perform, Barrington said. Poor international growth is weighing on results.
Allscripts MDRX downgraded at Piper from Neutral to Underweight, Piper Jaffray said. $7 price target. Bookings are accelerating downward and margins are stagnant.
3M MMM upgraded at Nomura from Reduce to Neutral, Nomura said. $96 price target. Prioritization strategy can help drive near-term growth.
Microsemi MSCC downgraded at Needham from Strong Buy to Buy, Needham said. $24 price target. Company reduced its guidance.
Bank of the Ozarks OZRK upgraded at Sterne Agee from Neutral to Buy, Sterne Agee said. $35 price target. Company can help consolidate the industry and outperform in a weak macro environment.
Palo Alto PANW rated new Neutral at BofA/Merrill. $65 price target. Company is facing increased competition.
Retail Properties of America RPAI downgraded at Citigroup to Neutral from Buy, Citigroup said. $13 price target. Trading closer to peers after rally.
Tumi Holdings TUMI rated new Buy at Citigroup. $26 price target. Operating margin upside potential.
WPX Energy WPX rated new Hold at Deutsche. $19 price target. Company trades at a discount to its peers, but management needs to execute more consistently.
STOCK COMMENTS / EPS CHANGES
ADT ADT added to US Focus List at Credit Suisse. ADT was placed on the US Focus list, Credit Suisse said. $48 price target. Company can add leverage to fund growth.
Babcock & Wilcox BWC numbers reduced at Credit Suisse. Shares of BWC now seen reaching $29, according to Credit Suisse. Estimates also cut, as the company will spend more for environmental retrofitting. Neutral rating.
Copano Energy CPNO numbers raised at UBS. Shares of CPNO now seen reaching $30, UBS said. Estimates also increased on upbeat Q3. Neutral rating.
Cisco CSCO numbers cut at Citigroup. Shares of CSCO now seen reaching $20, Citigroup said. Estimates also lowered on weaker macro.
Dean Foods DF numbers increased at BMO. DF estimates were raised through 2013, BMO Capital said. Company is performing well across the board. Outperform rating and new $23 price target.
Disney DIS estimates, target reduced at Lazard. Shares of DIS now seen reaching $59, according to Lazard. Estimates also reduced, as the LucasFilm purchase will cut into earnings. Buy rating.
Energizer ENR estimates, target upped at BMO. ENR estimates were boosted through 2014, BMO Capital said. Company is cutting costs. Outperform rating and new $88 price target.
International Game IGT numbers boosted at Credit Suisse. Shares of IGT now seen reaching $14, according to Credit Suisse. Estimates also upped, given the company's new guidance.
Kellogg K estimates raised at Citigroup through 2013, Citigroup said. $64 price target. Upbeat analyst day presentation.
Lam Research LRCX numbers raised at Credit Suisse. Shares of LRCX now seen reaching $43, according to Credit Suisse. Estimates also increased, as the company can gain market share and boost margins. Outperform rating.
McDonald's MCD estimates cut at UBS through 2013, UBS said. $96 price target. Weaker October sales and currency.
SandRidge Energy SD numbers lowered at UBS. Shares of SD now seen reaching $6, UBS said. Estimates also lowered as FCF deficits persist.
STRATEGY CALLS / MARKET CALLS
Coal Sector downgraded at Goldman from Attractive to Neutral, Goldman Sachs said. Stocks are already pricing in a 2013 recovery. SXC and CNX remain the top picks.
S&P 500 target cut at Deutsche to 1,450, Deutsche Bank said. Fears of a dividend tax hike could weigh on investors.
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