NEW YORK (TheStreet) -- CHANGE IN RATINGS
Aeropostale (ARO) was upgraded at Imperial Capital from In-Line to Outperform. $23 price target. Company is making progress toward turning the business around, Imperial Capital said.
Applied Materials (AMAT) was downgraded to Hold at TheStreet Ratings.
Bunge (BG) was upgraded at BMO Capital from Market Perform to Outperform. $75 price target. Industry fundamentals should bottom this quarter, BMO Capital said.BP (BP) was upgraded at Canaccord Adams from Hold to Buy. Business should recover in 2013 and beyond, Canaccord Adams said. Blackstone (BP)was upgraded at Sterne Agee from Neutral to Buy. Valuation call, based on an $18 price target, Sterne Agee said. Dell (DELL) was downgraded at Mizuho from Buy to Neutral. $15 price target. Company continues to struggle and lacks near-term catalysts, Mizuho said. Deutsche Bank (DB) was upgraded to Hold at TheStreet Ratings. Facebook (FB) was initiated with a Buy rating at Needham. $40 price target. Company has attractive sales potential, given how long users stay on the site, Needham said. FirstEnergy (FE) was downgraded at Jefferies to Underperform from Hold, Jefferies said. $40 price target. Increasing regulatory risk. Jazz Pharmaceuticals (JAZZ) was initiated with an Outperform rating at Credit Suisse. $65 price target. Company can deliver sustainable organic growth, Credit Suisse said. Lifepoint Hospitals (LPNT) was upgraded at Auriga USA from Hold to Buy. $41 price target. Stock has pulled back to an attractive level, Auriga USA said. MRC Global (MRC) was initiated with an Outperform rating at Wells Fargo. Company is leveraged to strong energy markets, and acquisitions should help drive sales growth, Wells Fargo said. Starbucks (SBUX) was upgraded at Bank of America/Merrill Lynch from Neutral to Buy. $68 price target. Stock is attractive, following a 14% pullback, BofA/Merrill Lynch said. Travelers (TRV) was initiated with a Market Perform rating at JMP Securities. Valuation call. Warnaco (WRC) was upgraded at Brean Murray from Hold to Buy. $55 price target. Worst appears to be behind the company, Brean Murray said.
STOCK COMMENTS / EPS CHANGESApple (AAPL) numbers were lowered at Oppenheimer. Shares are now seen reaching $680. Estimates were also lowered on inconsistent news flow, Oppenheimer said. Outperform rating. Analog Devices (ADI) price target was lowered at Jefferies. Shares are now seen reaching $41. Like the industrials story but prefer product cycle stories, Jefferies said. Hold rating.
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