NEW YORK ( TheStreet) -- CHANGE IN RATINGS
E-House China (EJ) was downgraded to Sell at TheStreet Ratings.
Gilead (GILD) was downgraded at Argus Research from Buy to Hold. Acquisition will weigh on earnings for a few years, Argus said.Informatica (INFA) was started with a Neutral rating at Robert Baird. Valuation call, based on a $50 price target, Baird said. Medtronic (MDT) was upgraded at Bank of America/Merrill Lynch to Buy. Valuation call, based on a $42 price target, BofA/Merrill said. Ubiquiti Networks (UBNT) was initiated with a Buy rating at UBS. $25 price target. Large addressable market and innovative business model, UBS said. Ubiquiti Networks was initiated with a Buy rating at Deutsche Bank. Company is expanding Internet access to more remote areas of the world. $30 price target. WGL (WGL) was downgraded at Bank of America/Merrill Lynch from Neutral to Underperform. Valuation call, based on a $38 price target.
STOCK COMMENTS / EPS CHANGESChico's FAS (CHS) estimates were lowered through 2012 at Oppenheimer. Disappointing traffic and lower units per transaction, Oppenheimer said. Perform rating. Chico's FAS estimates, target were lowered at UBS. Shares are now seen reaching $11. Estimates were also lowered on pressure to end the year with a clean inventory, UBS said. Neutral rating. Chico's FAS target reduced at Morgan Stanley. Shares are now seen reaching $12. Company faces potential inventory risk, Morgan Stanley said. Equal-weight rating. Eaton Vance (EV) estimates were lowered at Sterne Agee through 2013. Outlook promising, but return to historical growth rates unlikely near term, Sterne Agee said. Maintain $27 price target and Neutral rating. Eaton Vance estimates, target lowered at Citigroup. Shares of EV now seen reaching $20. Estimates were also lowered on declining organic growth, Citigroup said. Sell rating. First Cash Financial Services (FCFS) estimates were raised at Sterne Agee through 2012 on jewelry scrapping volume, margins and peso exchange rate. Maintain $36 price target and Underperform rating. Genesco (GCO) estimates were increased through 2013 at Sterne Agee. Fourth quarter is off to a strong start, and guidance is conservative Sterne Agee said. Maintain $70 price target and Buy rating. Hewlett-Packard (HP) estimates, target were adjusted at Citigroup. Shares are now seen reaching $35. Estimates were lowered on near-term headwinds, Citigroup said. Buy rating.
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