Analysts' Actions: FB AMZN GLW SPLK CIEN
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Corning (GLW) upgraded at Oppeneheimer to Outperform from Perform, Oppenheimer said. $16 price target. Upside once macro improved.
STOCK COMMENTS / EPS CHANGES
Amazon.com (AMZN) target raised at Lazard. Shares of AMZN now seen reaching $275, according to Lazard. Company remains leveraged to continued e-commerce growth and can generate 25% annual growth in its core business. Buy rating.Ciena (CIEN) estimates, target reduced at BofA/Merrill. CIEN estimates were cut through 2014, Bank of America/Merrill Lynch said. Estimates also lowered, given the company's new guidance. Buy rating and new $17 price target.
Ciena numbers cut at UBS. Shares of CIEN now seen reaching $14, UBS said. Estimates also lowered as results and outlook generally disappoint. Neutral rating.
Costco (COST) numbers raised at Jefferies. Shares of COST now seen reaching $89, Jefferies said. Estimates also raised on strong August results. Hold rating. Esterline (ESL) estimates, target boosted at Credit Suisse. Shares of ESL now seen reaching $72, according to Credit Suisse. Estimates also upped, given the company's new guidance. Outperform rating. Facebook (FB) target cut at BofA/Merrill to $23. Social media stocks have performed poorly recently around share lockup expirations. Neutral rating. Facebook estimates, target reduced at BMO. FB estimates were cut through 2014, BMO Capital said. Channel checks suggest that advertising prices are falling. Underperform rating and new $15 price target. Splunk (SPLK) estimates, target raised at Credit Suisse. Shares of SPLK now seen reaching $42.50, according to Credit Suisse. Estimates also increased, as the company is seeing higher demand for larger deals. Outperform rating. Splunk numbers raised at UBS. Shares of SPLK now seen reaching $36, UBS said. Estimates also increased on strong 2Q results. Neutral rating. Zumiez (ZUMZ) estimates, target reduced at Piper. ZUMZ estimates were cut through 2013, Piper Jaffray said. Company is seeing slower sales growth. Neutral rating and new $34 price target. Zumiez target lowered at Jefferies. Shares of ZUMZ now seen reaching $33, Jefferies said. Cautious on the second half. Hold rating. >To submit a news tip, email: tips@thestreet.com.Follow TheStreet on Twitter and become a fan on Facebook.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
