Analysts' Actions: AAPL, AXE, PNRA, DD
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Apple (AAPL) was upgraded at Societe Generale from Hold to Buy. $750 price target. China is driving demand for iPhones, Societe Generale said.
Anixter (AXE) was downgraded at Stifel Nicolaus. Enterprise sales have been weak, Stifel Nicolaus said.
BBCN Bancorp (BBCN) was upgraded to Buy at TheStreet Ratings.
Cymer (CYMI) was upgraded at Credit Suisse from Neutral to Outperform. $62 price target. Stock is factoring in little to no probability of EUV success, Credit Suisse said. Panera Bread (PNRA) was upgraded at Miller Tabak from Hold to Buy. Company is seeing solid sales and should see food costs moderate, Miller Tabak said. $178 price target. Tanger Factory Outlet Centers (SKT) was downgraded to Hold at TheStreet Ratings. United States Steel (X) was upgraded to Hold at TheStreet Ratings. Websense (WBSN) was downgraded to Hold at TheStreet Ratings.Stock Comments / EPS Changes
Apple numbers were raised at Citigroup. Shares are now seen reaching $720. Estimates were also increased as iPhone continues to defy gravity, Citi said. Buy rating. Carlisle Companies (CSL) numbers were raised at Citigroup. Shares are now seen reaching $61. Estimates were also increased after four of five segments posted double-digit core revenue growth, Citi said. Neutral rating. DuPont (DD) numbers were raised at UBS. Shares are now seen reaching $53. Estimates were also increased to reflect first-quarter beat, UBS said. Neutral rating. Hershey (HSY) estimates, price target were raised at Credit Suisse. Shares are now seen reaching $75. Estimates were also increased, given the company's new guidance, Credit Suisse said. Outperform rating. Illinois Tool Works (ITW) numbers were raised at Credit Suisse. Shares are now seen reaching $58. Estimates were also increased, given the company's new guidance, Credit Suisse said. Neutral rating. Illinois Tool Works numbers were raised at Citigroup. Shares are now seen reaching $60. Estimates were also increased after modest first-quarter beat and raise with roadmap for simplification, Citi said. Neutral rating. Juniper Networks (JNPR) estimates were lowered at UBS through 2013. Outlook slightly below consensus, UBS said. Neutral rating and $22.50 price target. 3M (MMM) estimates, price target were increased at UBS. Shares are now seen reaching $100. Estimates were also increased as organic growth is expected to accelerate, UBS said. Buy rating. Norfolk Southern (NSC) numbers were increased at Credit Suisse. Estimates were raised through 2014. Company is cutting labor costs, Credit Suisse said. Outperform rating and new $87 price target.Select the service that is right for you!
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