NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Ann (ANN) was upgraded at Janney Montgomery to buy from neutral. Valuation call, based on a $38 price target, Janney Montgomery said.
Anadarko Petroleum (APC) was initiated with a buy rating at Canaccord Genuity. $115 price target. Company can grow both onshore and in deepwater, Canaccord said.
Cedar Fair (FUN) was upgraded to buy at TheChipotle (CMG) was upgraded at Jefferies to hold from underperform. $400 price target. Higher same-store sales and lower food costs are boosting returns, Jefferies said. Diamond Offshore (DO) was downgraded at UBS to neutral from buy. $68 price target. Have a more cautious outlook for the intermediate term, UBS said. Diamond Offshore was downgraded to hold at TheStreet Ratings. (PNRA) was downgraded at Jefferies to hold. $195 price target. Company is investing more in future growth, which could lead to a pause in earnings momentum, Jefferies said. Transocean (RIG) was downgraded at UBS to neutral from buy. $49 price target. Seeing a short-term bubble in the floater market, UBS said. Riverbed (RVBD) was downgraded at Deutsche Bank to sell from hold. $11 price target. Research suggests a diminishing value perception for the company's premium optimization services, Deutsche Bank said. (URBN) was upgraded at Wedbush to outperform from neutral. $52 price target. Company has solid momentum and can generate earnings upside, Wedbush said. Xcel (XEL) was downgraded at J.P. Morgan to underweight from neutral. $27 price target. Company is seeing slower near-term growth and increased capital costs, J.P. Morgan said.
Stock Comments / EPS ChangesCovance (CVD) estimates, price target were raised at Jefferies. Shares are now seen reaching $88.50. Estimates were also increased, Company is improving process efficiency, automation and scalability, Jefferies said. Hold rating. Merck (MRK) estimates were increased at Leerink Swann. Estimates were increased through 2014. Company is cutting R&D costs and could see a better opportunity for its lung cancer treatment, Leerink Swann said. Market Perform rating and new $48.40 price target. Urban Outfitters (URBN) numbers were increased at Jefferies through 2014. Higher sales are leading to better margins and earnings, Jefferies said. Hold rating and new $40 price target.
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