Sprint Nextel (S) was upgraded at Guggenheim to Buy. $3.50 price target. Subscriber trends should meet or beat expectations, Guggenheim said.
Tupperware (TUP) was downgraded at Argus Research from Buy to Hold. Sales in developed markets should remain soft, Argus Research said.
STOCK COMMENTS / EPS CHANGES
Autodesk (ADSK) numbers were lowered at Jefferies. Shares are now seen reaching $43. Estimates were also lowered on poor guidance, Jefferies said. Buy rating.
Aruba Networks (ARUN) numbers were lowered at JMP Securities. Estimates were cut through 2013. Company reduced its guidance, JMP Securities said. Outperform rating.Aruba Networks numbers were lowered at Jefferies. Shares are now seen reaching $16. Estimates were also lowered on European issues, Jefferies said. Hold rating. Salesforce.com (CRM) price target was reduced at BMO Capital to $170. Company is seeing slower billings growth, BMO Capital said. Outperform rating. Computer Sciences (CSC) price target was lowered at Jefferies to $26. Lowered on the back of the quarterly results, Jefferies said. Hold rating. Computer Sciences numbers were cut at Goldman Sachs. Shares are now seen reaching $21. Estimates were also reduced, given slower expected sales growth, Goldman said. Sell rating. General Electric (GE) estimates were increased at Morgan Stanley through 2014. Company plans to buy back more stock, Morgan Stanley said. Overweight rating and $21 price target. Gamestop (NOK) estimates were reduced at Sterne Agee through 2013. Game market continues to face cyclical headwinds, Sterne Agee said. Buy rating and $30 price target. Intuit (INTU) price target was lowered at Oppenheimer to $63. Roughly kept pace with category growth, Oppenheimer said. Outperform rating. JC Penney (JCP) price target was reduced at Morgan Stanley to $23. Consensus expectations may still have further to fall, Morgan Stanley said. Underweight rating. Marvell Technology Group (MRVL) estimates were raised at Oppenheimer through 2013. Solid results and outlook as HDD supply normalizes, Oppenheimer said. Perform rating. Quality Systems (QSII) price target was lowered at Jefferies. Shares are now seen reaching $28. Upside is likely limited, Jefferies said. Hold rating. UMB Financial (UMBF) numbers were boosted at Sterne Agee. Shares are now seen reaching $51. Estimates were also upped, given better sales growth and focus on expanding margins, Sterne Agee said. Buy rating. Wal-Mart (WMT) estimates were raised at Morgan Stanley through 2014. Higher domestic sales are expanding margins, Morgan Stanley said. Equal-weight rating. Zumiez (ZUMZ) estimates, price target were raised at Credit Suisse. Shares are now seen reaching $38. Estimates were also increased, as the company continues to expand margins, Credit Suisse said. Neutral rating. >To submit a news tip, email: email@example.com.
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