MRC Global (MRC) was initiated with an Outperform rating at Robert Baird. $27 price target. Company is a market leader and leveraged to favorable industry trends, Robert Baird said.
MRC Global was initiated with a Neutral rating at Goldman Sachs. Valuation call, based on a $20 price target, Goldman said.
Manitowoc (MTW) was upgraded at Goldman Sachs to Buy from Neutral. $15 price target. Trough valuation and emerging U.S. crane recovery, Goldman said.
Oaktree (OAK) was initiated with an Overweight rating at Morgan Stanley. $55 price target. Company is seeing higher asset growth, Morgan Stanley said.Oaktree was initiated with a Neutral rating at Credit Suisse. $45 price target. Signature Bank (SBNY) was upgraded at Guggenheim from Neutral to Buy. $71 price target. Company should see a continued organic growth in its core business, Guggenheim said. Sirona Dental (SIRO) was initiated with a Buy rating at Cantor Fitzgerald. $57 price target. Company can return to mid-teens earnings growth by next year, Cantor said. Tidewater (TDW) was upgraded from Market Perform to Outperform at Clarkson Capital. $58 price target. Stock is attractive following a recent pullback, Clarkson said. Western Refining (WNR) was upgraded at Dahlman Rose from Hold to Buy. $25 price target. Oil spreads should remain attractive into the second half of the year, Dahlman Rose said.
STOCK COMMENTS / EPS CHANGESAmerisourceBergen (ABC) was placed on the Conviction Buy List at Goldman Sachs. The stock has fallen, and the company could win a new ESRX contract, Goldman said. New $45 price target. General Cable (BGC) numbers were boosted at DA Davidson. Shares are now seen reaching $42. Estimates were also upped, following the Alcan Cable acquisition, DA Davidson said. Buy rating. Campbell Soup (CPB) estimates were increased at Morgan Stanley through 2014. Sales trends are starting to improve, and the company is paying a lower tax rate, Morgan Stanley said. Underweight rating and $30 price target. Cablevision Systems (CVC) numbers were lowered at Citigroup. Shares are now seen reaching $21. Estimates were also lowered on tepid top-line growth, Citi said. Buy rating. JP Morgan (JPM) numbers were lowered at Credit Suisse. Shares are now seen reaching $50. Estimates were also cut, as the company has halted its buyback program, Credit Suisse said. Outperform rating.
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