Moody's (MCO) upgraded at Lazard to Buy from Neutral, Lazard said. $52 price target. Company is leveraged to high debt issuance rates.
Nextera Energy (NEE) upgraded at Wells from Market Perform to Outperform, Wells Fargo said. Stock is attractive, following the recent rotation out of utility stocks.
NRG Energy (NRG) upgraded at Goldman from Neutral to Buy, Goldman Sachs said. $25 price target. Texas should drive growth and the company generates solid free cash flow.
Packaging Corp. (PKG) downgraded at Goldman from Buy to Hold, Goldman Sachs said. $34 price target. Valuation call, as the sector has made a strong move over the past several weeks.PNC Financial Services Group (PNC) upgraded at Oppenheimer to Outperform from Perform, Oppenheimer said. $75 price target. Acquisition of RBC Bank (USA) is an ideal platform. PPG (PPG) upgraded at Jefferies to Buy from Hold, Jefferies said. $135 price target. Taking the right steps. Rock-Tenn (RKT) downgraded at Deutsche from Buy to Hold, Deutsche Bank said. Valuation call, based on a $75 price target. Sprint Nextel (S) upgraded at Nomura from Neutral to Buy, Nomura said. $7 price target. Company is cutting costs and fears of increased competition have been overblown. Sealed Air (SEE) rated new Overweight at JPMorgan. $19 price target. Cheap on legacy FCF with upside. Salix Pharmaceuticals (SLXP) rated new Market Perform at Leerink. Uncertainty surrounds Relistor and the company lacks near-term catalysts. Susquehanna (SUSQ) downgraded at Sterne Agee from Buy to Neutral, Sterne Agee said. Valuation call, as the stock is up 31% year-to-date. Tyco (TYC) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. Valuation call.
STOCK COMMENTS / EPS CHANGESAir Methods (AIRM) target raised at Oppenheimer. Shares of AIRM now seen reaching $130, Oppenheimer said. Bullish following meetings with management. Outperform rating. Clean Harbors (CLH) numbers cut at Credit Suisse. Shares of CLH now seen reaching $65. Estimates also reduced, given lower expected oil service margins. Outperform rating. Endo Pharmaceuticals (ENDP) added to US 1 List at BofA/Merrill. ENDP was placed on the US 1 list, Bank of America/Merrill Lynch said. Opana ER market share should soon recover. Buy rating and $40 price target. FMC Corp (FMC) numbers raised at Jefferies. Shares of FMC now seen reaching $66, Jefferies said. Estimates also raised on greater emphasis on organic growth. Buy rating. Intel (INTC) estimates, target reduced at JMP. INTC estimates were cut through 2013, JMP Securities said. Company lowered its guidance. Outperform rating and new $30 price target. Lululemon (LULU) estimates, target raised at Nomura. Shares of LULU now seen reaching $62, according to Nomura. Estimates also increased, as the company is realizing a lower tax rate. Neutral rating. Regions Financial (RF) added to Conviction Buy List at Goldman. Company can continue to cut costs to right-size the business. Urban Outfitters (URBN) added to US 1 List at BofA/Merrill. Comp sales growth should continue to turn around. Buy rating and $45 price target. Wells Fargo (WFC) cut from Conviction Buy List at Goldman. Valuation call. Williams-Sonoma (WSM) numbers increased at Citi. WSM estimates were raised through 2014, Citigroup said. Expect higher back-to-school sales. Buy rating and new $49 price target. >To submit a news tip, email: firstname.lastname@example.org.
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