Analysts' Actions: BRCM, COP, BTU
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Broadcom (BRCM) was added to the Conviction Buy List at Nomura. Valuation is attractive at 13 times CY13E EPS.
Peabody Energy (BTU) was upgraded at Goldman Sachs from Neutral to Buy. $37 price target. Macro data is improving in China, and the company is leveraged to higher PRB prices, Goldman said.
ConocoPhillips (COP) was upgraded at Citigroup to Buy from Neutral. $67 price target. Opportunistic entry point from split-up, Citigroup said.
Everbank Financial (EVER) was initiated with a Neutral rating at Goldman Sachs. $13 price target. Margins will be pressured by lower interest rates, Goldmans said. Everbank Financial was initiated with an Outperform rating at Keefe, Bruyette & Woods. $14 price target. Company is a well-managed, fast-growing bank, KBW said. Foot Locker (FL) was upgraded at Deutsche Bank from Hold to Buy. $38 price target. Higher sales are driving wider margins, Deutsche said. Intersil (ISIL) was upgraded at Needham from Hold to Buy. $13 price target. Cost improvements should attract value investors, Needham said. Jack in the Box (JACK) was upgraded at Wedbush Securities from Underperform to Neutral. $25 price target. Industry pricing and commodity costs are improving, Wedbush said. L-3 Communications (LLL) was upgraded at Oppenheimer to Neutral from Underperform. Valuation now reflects headwinds, Oppenheimer said. Vail Resorts (MTN) was upgraded at Stifel Nicolaus from Hold to Buy. $53 price target. Stock is attractive, following a 12% pullback, Stifel Nicolaus said. Terex (TEX) was upgraded at BMO Capital Markets to Outperform from Market Perform. $30 price target. Decline in share price represents buying opportunity, BMO said.STOCK COMMENTS / EPS CHANGES
Crocs (CROX) estimates were boosted through 2013 at Sterne Agee. Company boosted its guidance, Sterne Agee said. Buy rating and $30 price target. Walt Disney (DIS) price target was raised at Morgan Stanley. Shares are now seen reaching $51. Company is realizing higher margins at ABC, and the Avengers movie has performed well, Morgan Stanley said. Overweight rating. EOG Resources (EOG) was added to the Conviction Buy List at Goldman Sachs. Selloff in energy names appears overdone, Goldman said. $149 price target. HMS (HMSY) estimates, price target were raised at Bank of America/Merrill Lynch. Shares are now seen reaching $41. Estimates were also increased, given higher Medicare RACs, BofA/Merrill said. Buy rating.Select the service that is right for you!
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