Analysts' Actions: LNT, IFF, HSY, HIBB
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Great Plains Energy (GXP) was downgraded at Wunderlich Securities from Buy to Hold. $22 price target. Valuation call, as the stock has gained 26% since August, Wunderlich said.
Hibbett Sports (HIBB) was upgraded at Sterne Agee to Buy. $50 price target. Company is carrying a lot of operating momentum into 2012, Sterne Agee said.
Hershey (HSY) was upgraded at Ticonderoga from Neutral to Buy. $66 price target. Company is raising prices, Ticonderoga said.
Int'l. Flavors & Fragrances (IFF) was upgraded at JP Morgan from Neutral to Overweight. Valuation call, based on a $60 price target, JP Morgan said.
Alliant Energy (LNT) was upgraded at Wunderlich Securities from Hold to Buy. $45 price target. Construction subsidiary could be sold in 2012, Wunderlich said. Morgan Stanley (MS) was upgraded at Collins Stewart from Hold to Buy. Valuation call, as the stock has been cut in half this year, Collins Steward said. $21 price target. ON Semiconductor (ONNN) was rated new Overweight at Evercore Partners. $9 price target. Company has tremendous upside potential when the chip cycle reaches an inflection point, Evercore said. Research In Motion (RIMM) was downgraded to Market Underperform at JMP Securities. $12 price target. Estimates also cut, as the company is facing increased competition, JMP said. Target (TGT) was downgraded at JP Morgan to Neutral. Comp sales growth could decelerate into 2012, JP Morgan said. Walgreen (WAG) was downgraded at Morgan Stanley from Overweight to Underweight. $29 price target. ESRX resolution appears less likely, Morgan Stanley said. Wal-Mart Stores (WMT) was upgraded at JP Morgan to Overweight. Domestic sales will likely continue to improve, JP Morgan said.STOCK COMMENTS / EPS CHANGES
Atwood Oceanics (ATW) estimates were raised at Jefferies through 2012. Strong earnings growth profile, Jefferies said. Buy rating. CenturyLink (CTL) estimates were raised at Oppenheimer through 2012. Update on pro forma historicals incorporating SVVS/Q results., Oppenheimer said. Perform rating. Footlocker (FL) numbers were raised at Jefferies. Shares are now seen reaching $24. Estimates were also raised on strong momentum. Hold rating. Foot Locker estimates and price target were raised at UBS. Shares are now seen reaching $24. Estimates also increased on room for operational improvement and potential for LT financial target to be revised higher, UBS said. Neutral rating.Select the service that is right for you!
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