NEW YORK (TheStreet) -- CHANGE IN RATINGS
CIT Group (CIT) was upgraded at Oppenheimer to outperform from perform. $54 price target. Stock has lagged its peers and tangible book value is likely understated, Oppenheimer said.
ConocoPhillips (COP) was initiated with a hold rating at Cowen. Company is growing but may need to increase borrowing, Cowen said.
Discover (DFS) was downgraded at Jefferies to hold. Valuation call, based on a $49 price target, Jefferies said.eBay (EBAY) was upgraded at Wells Fargo to outperform from market perform. Expect Marketplaces and PayPal to drive growth, Wells Fargo said. Edwards Lifesciences (EW) was downgraded at Lazard Capital Markets to neutral from buy. Company lacks visibility and will post lower earnings growth, Lazard Capital Markets said.
ExactTarget (ET) was initiated with a sell rating at TheStreet Ratings. GNC (GNC) was initiated with an outperform rating at Robert Baird. $52 price target. Company is a market leader with secular headwinds, Robert Baird said. Ironwood Pharmaceutical (IRWD) was downgraded at Wedbush to underperform from neutral. Cash burn is occurring much faster than expected given high R&D expenses, Wedbush said. Price target is $12. National Fuel Gas (NFG) was upgraded at BMO Capital Markets to outperform from market perform. The company will benefit from improving natural gas prices and improving well results, BMO Capital said. Price target is $70. Navios Maritime (NMM) was upgraded to buy at TheStreet Ratings. Netflix (NFLX) was downgraded at Jefferies to underperform. Valuation call, based on a $130 price target, Jefferies said.
Ryder Systems (R) was upgraded at Wells Fargo to outperform from market perform. Cyclical lease replacements will drive the top line as dissipating maintenance headwinds drive margins, Wells Fargo said. Price target range is $62-$64. AT&T (T) was downgraded at Morgan Stanley to equal-weight. Valuation call, as the stock is up 16% year to date, Morgan Stanley said. $39 price target. AT&T was downgraded at Citigroup to neutral. Further multiple expansion will be difficult with slowing top-line growth, said Citigroup. STOCK COMMENTS/EPS CHANGES Apple (AAPL) estimates, price target were cut at Lazard Capital Markets. Estimates were also reduced, given the company's new guidance, Lazard Capital Markets said. Buy rating.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV