Pioneer Natural Resources (PXD) upgraded at FBR from Market Perform to Outperform. $85 price target. Estimates also boosted, given higher expected production growth.
RRI Energy (RRI) upgraded at BofA/Merrill to Buy from Neutral. Valuation call. $15 price target.
STOCK COMMENTS / EPS CHANGESAdtran (ADTN) target boosted at Stifel to $37. Checks show continued business momentum. Buy rating.
AutoZone (AZO) price target lifted at BofA/Merrill to $240 from $225 as company fundamentals remain strong. Reiterate Buy rating.
BP (BP) estimates, target raised at Benchmark. Shares of BP now seen reaching $46. Estimates also increased, given higher expected oil prices. Buy rating.Biovail Corp (BVF) price target higher at BofA/Merrill. BVF price target increased to $32 from $27 to reflect the recent merger. Maintain Buy rating. Cooper Companies (COO) numbers raised at Citigroup. Shares of COO now seen reaching $43. Estimates also increased, to match the company's new guidance. Hold rating. Lincoln Electric (LECO) estimates upped at Keybanc through 2012. Company is seeing demand recover across the globe. Hold rating. Schlumberger (SLB) price target cut at Credit Suisse to $78 from $80 reflecting SII merger. Maintain Outperform rating. AT&T (T) estimates reduced at UBS through 2011. Strong iPhone sales will hurt wireless margins. Buy rating and $31 price target.
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