NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Belden (BDC) was initiated with a Neutral rating at DA Davidson. $37 price target. Attractive long-term story, but multiples under pressure on euro concerns, DA Davidson said.
Carter's (CRI) was upgraded at Citigroup to Buy from Neutral. $62 price target. EBIT margin trumps competitors and still expanding, Citigroup said.
STOCK COMMENTS / EPS CHANGESArch Coal (ACI) numbers were cut at Credit Suisse. Shares are now seen reaching $8. Estimates also lowered as company is still facing stiff headwinds, Credit Suisse said. BlackRock (BLK) estimates were raised at Sterne Agee through 2013 to reflect the final terms of buyback and debt offering. Maintain Neutral rating and $200 price target. Concur Technologies (CNQR) numbers raised at Oppenheimer. Shares are now seen reaching $70. Estimates were also raised on fast organic growth. Outperform rating. Flowserve (FLS) numbers were lowered at Jefferies. Shares are now seen reaching $133. Estimates were also lowered on weak euro, Jefferies said. Buy rating. First Solar (FSLR) estimates were raised at Bank of America/Merrill Lynch through 2014. Business is fixable, and investors are being well-compensated for risk, BofA/Merrill said. Buy rating and $30 price target. NVIDIA (NVDA) price target was lowered at ThinkEquity to $14. Encouraging product trends, but constraints persist, ThinkEquity said. Hold rating. VeriFone Systems (PAY) numbers were lowered at Citigroup. Shares are now seen reaching $55. Estimates were also lowered as guidance raise lost in FX, Citigroup said.
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