NEW YORK ( TheStreet) -- CHANGE IN RATINGS
American International (AIG) was downgraded at Goldman Sachs to neutral from buy. Valuation call, based on a $46 price target, Goldman said.
Apollo (APO) was upgraded at Oppenheimer to outperform from perform. $34 price target. Company is trending well ahead of earnings expectations, Oppenheimer said.
Allegheny (ATI) was initiated with a neutral rating at Credit Suisse. $33 price target. Stock will likely remain range-bound in the near term, Credit Suisse said.Credicorp (BAP) was downgraded to hold at TheStreet Ratings.
EOG Resources (EOG) was upgraded at Stifel Nicolaus to buy from hold. $150 price target. Company is generating higher production growth and cash flow, Stifel Nicolaus said. Evertech (EVTC) was initiated with a buy rating at UBS. The company's Latin American exposure and diverse products will drive solid growth, UBS said. Price target is $24. Hologic (HOLX) was downgraded at ISI Group to buy from strong buy. $24 price target. Company is seeing lower sales, especially in China. ISI said. International Rectifier (IRF) was downgraded at JMP Securities to market perform from outperform. Company is leveraged to lower PC demand, JMP said.
Pinnacle Foods (PF) was initiated with an equal-weight rating at Morgan Stanley. $25 price target. Company has limited organic growth and high debt leverage, Morgan Stanley said. Pinnacle Foods was initiated with an outperform rating at Credit Suisse. $27 price target. Company can continue to grow by consolidating the packaged foods industry, Credit Suisse said. Pinnacle Foods was initiated with a neutral rating at UBS. Fair valuation, UBS said. Price target is $25. Ruckus Wireless was downgraded to neutral from buy at Lazard Capital Markets. Valuation call, as the company lacks near-term catalysts, Lazard said. Talisman Energy (TLM) was downgraded to sell at TheStreet Ratings. T-Mobile US was initiated with an underperform rating at Bank of America/Merrill Lynch. Valuation call, based on a $12 price target, BofA/Merrill said.
STOCK COMMENTS / EPS CHANGESBank of America (BAC) estimates were reduced at UBS to reflect the settlement with MBIA (MBI). Chicago Bridge & Iron (CBI) numbers were raised at Credit Suisse. Shares are now seen reaching $60. Estimates were also increased, given the company's new guidance, Credit Suisse said. Neutral rating.
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