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.
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 Plus 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