Analysts' Actions: AH, CPN, ERTS
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Accretive Health (AH) was upgraded from Perform to Outperform at Oppenheimer. $31 price target. Well-positioned to meet or exceed revenue expectations for 2012, Oppenheimer said.
AIMCO (AIV) was upgraded at UBS from Sell to Neutral. $21 price target. Waning demand trends are priced into shares, UBS said.
Calpine (CPN) was downgraded at Jefferies from Buy to Hold. $15 price target. Weakened price forecasts for gas and power, Jefferies said.Electronic Arts (ERTS) was upgraded at Citigroup from Neutral to Buy. $26 price target. Valuation call, Citigroup said. McDermott (MDR) was initiated with a Buy rating at Stifel Nicolaus. $16 price target. Company is seeing a solid pricing environment, Stifel Nicolaus said. Navistar (NAV) was upgraded at Goldman Sachs from Sell to Neutral. Valuation call, based on a $38 price target, Goldman said. Netflix (NFLX) was downgraded at Wedbush Securities from Neutral to Underperform. $45 price target. Company continues to face higher content costs, Wedbush said. OneBeacon Insurance (OB) was upgraded to Buy at TheStreet Ratings. Rada Electronics Industries (RADA) was downgraded to Sell at TheStreet Ratings. Transocean (RIG) was downgraded at Argus Research from Buy to Hold. Company had a weak November fleet report, and the share raise will dilute earnings, Argus said. Vulcan Materials (VMC) was downgraded at Goldman Sachs to Sell. $29 price target. Company could face excess capacity in concrete and asphalt mix, Goldman said. $29 price target.
STOCK COMMENTS / EPS CHANGESAvago Technologies (AVGO) numbers were adusted at Citigroup. Shares are now seen reaching $41. Estimates were lowered as industrial creates N/T Rev/GM headwinds, Citigroup said. Buy rating. Copart (CPRT) estimates, target were raised at ThinkEquity. Shares are now seen reaching $48. Estimates were also increased, as the company is investing into potential future growth, ThinkEquity said. Hold rating. Corning (GLW) estimates were reduced at Morgan Stanley through 2013. Company is seeing lower demand for its gorilla glass, Morgan Stanley said. Equal-weight rating. Corning estimates, target lowered at UBS. Shares are now seen reaching $17. Estimates were also decreased as Gorilla guided down 25% on weak tablet demand, UBS said. Buy rating. Corning estimates, target lowered at Citigroup. Shares are now seen reaching $14, according to Citigroup. Estimates also lowered on another negative pre-announcement. Home Depot (HD) estimates, target were increased at UBS. Shares are now seen reaching $45. Estimates were also increased on upbeat assessment of both its near-term and longer-term outlooks. Buy rating.
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