Also see: Apple, DuPont: New Targets, Estimates
Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Automatic Data (ADP) was initiated with a Hold rating at Jefferies. $53 price target. Stock is already pricing in better operating momentum, Jefferies said.Anixter (AXE) was upgraded at Robert Baird from Neutral to Outperform. $88 price target. Valuation call, given better industrial demand, Baird said. Acuity Brands (AYI) was initiated with a Hold rating at Keybanc. Stock is already pricing in organic growth potential and higher margins, Keybanc said. Cree (CREE) was rated new Buy at Keybanc. $41 price target. Investor sentiment appears too low, as fundamentals could soon bottom, Keybanc said. Amdocs (DOX) was initiated with a Buy rating at Jefferies. $35 price target. New CEO is investing more aggressively back into the business, Jefferies said. Green Dot (GDOT) was started with a Hold rating at Jefferies. Stock is still not cheap and the company faces potential pricing pressure, Jefferies said. $36 price target. Holly (HOC) was initiated with a Buy rating at UBS. $86 price target. Imminent merger with Frontier Oil (FTO) and strong cash position, UBS said. LinkedIn (LNKD) was initiated with a Buy rating at Bank of America/Merrill Lynch. $92 price target. Well-positioned for next generation of Internet usage, BofA/Merrill Lynch said. Mastercard (MA) was initiated with a Buy rating at Jefferies. $333 price target. Market is still not giving the company enough credit for its earnings growth potential, Jefferies said. NRG Energy (NRG) was upgraded at Jefferies to Buy. $27 price target. Company will likely repurchase more stock, Jefferies said. NYSE Euronext (NYX) was upgraded at KBW from Market Perform to Outperform. $39 price target. Current price provides substantial upside regardless of DBI deal, KBW said. Omnivision (OVTI) was upgraded at Canaccord Genuity. $38 price target. Recent supply-chain checks were positive, Canaccord Genuity said. Paychex (PAYX) was initiated with a Hold rating at Jefferies. $31 price target. Company will struggle to achieve targeted sales growth, Jefferies said. Rowan (RDC) was upgraded at Duncan-Williams from Buy to Strong Buy. $50.25 price target. Company reported new contracts and is adding more drillships to its fleet, Duncan-Williams said. Spectra Energy (SEP) was upgraded at UBS from Neutral to Buy. $34 price target. Recent pullback has rebalanced risk/reward profile, UBS said.
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