NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Best Buy (BBY) downgraded at Wedbush from Neutral to Underperform, Wedbush said. $14.50 price target. Fundamentals are deteriorating and the new CEO lacks retail experience.
CF Industries (CF) rated new Hold at Stifel Nicolaus. Valuation call.
Centerpoint (CNP) upgraded at Wells from Market Perform to Outperform, Wells Fargo said. Company is looking to invest in future growth.Group 1 Automotive (GPI) downgraded at Keybanc from Buy to Hold, Keybanc said. Valuation call, given a slower growth outlook. Medicines Company (MDCO) rated new Neutral at BofA/Merrill. $29 price target. Company faces multiple binary outcomes for its late-stage clinical products. Targa Resources (TRGP) rated new Buy at UBS. $57 price target. Company is a regional leader with solid dividend growth. Yelp (YELP) rated new Market Perform at JMP. Valuation call, based on a $19 price target. Zynga (ZNGA) rated new Outperform at JMP. $4.50 price target. Stock appears washed out and there are early signs that metrics are improving.
STOCK COMMENTS / EPS CHANGESApple (AAPL) target raised at Needham to $750, according to Needham. Company continues to grow across the board. Buy rating. Best Buy (BBY) numbers lowered at Jefferies. Shares of BBY now seen reaching $20. Estimates also lowered on EPS miss. Hold rating. Best Buy numbers reduced at UBS. BBY estimates were cut through 2014, UBS said. Margins continue to decay. Neutral rating and new $19 price target. Church & Dwight (CHD) numbers raised at Oppenheimer. Shares of CHD now seen reaching $63, Oppenheimer said. Estimates also raised on Avid acquisition. Outperform rating. Dell (DELL) estimates, target reduced at Credit Suisse. Shares of DELL now seen reaching $11, according to Credit Suisse. Estimates also cut, given slower revenue growth. Underperform rating. Dell numbers lowered at Jefferies. Shares of DELL now seen reaching $12, Jefferies said. Estimates also lowered on light 2013 guidance. Hold rating. Fifth Third Bancorp (FITB) numbers raised at Oppenheimer. Shares of FITB now seen reaching $17, Oppenheimer said. Estimates also raised on dividend and buyback increase. Outperform rating. Fifth Third numbers boosted at Credit Suisse. Shares of FITB now seen reaching $15.50, according to Credit Suisse. Estimates also upped, as the company is buying back more stock. Outperform rating.
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