Questcor (QCOR) was downgraded at Leerink Swann to market perform. Valuation call, following Aetna's Acthar decision, Leerink Swann said.
Regions Financial downgraded at Compass Point from buy to neutral. Valuation call, based on a $7.25 price target, Compass Point said.
Robert Half (RHI) was upgraded at BofA/Merrill from neutral to buy. Demand trends are improving, BofA/Merrill said. $34 price target.
Rockwell Collins (ROK) was upgraded at Keybanc from hold to buy. $62 price target. New guidance could prove beatable, Keybanc said.SVB Financial (SIVB) was upgraded at Sterne Agee from neutral to buy. $71 price target. Loan production and net interest margin should improve, following recent commentary from management, Sterne Agee said. Suntrust (STI) was downgraded at Morgan Stanley from buy to neutral. Valuation call, based on a $30 price target, Morgan Stanley said. Questar (STR) was upgraded at UBS to buy from neutral. $24 price target. Improving story, attractive entry point, UBS said. Time Warner Cable (TWC) was upgraded at Morgan Stanley from equal weight to overweight. $110 price target. Company can generate consistent earnings and cash flow over the next several quarters, Morgan Stanley said. Veeco Instruments (VECO) was downgraded at Goldman to sell. $27 price target. Valuation call, as the stock is up 68% year to date, Goldman said. Valero (VLO) was downgraded at Argus from buy to hold. Valuation call. Viropharma (VPHM) was upgraded at Wells from market perform to outperform. Sales and earnings could trend ahead of expectations, Wells said. Webster Financial (WBS) was downgraded at Morgan Stanley from equal-weight to underweight. Multiple could contract on lower expected earnings, Morgan Stanley said. $22 price target. Walter Energy (WLT) was downgraded at BofA/Merrill from buy to neutral. $37 price target. Company is leveraged to lower met coal prices, BofA/Merrill said. United States Steel (X) was downgraded at Citigroup to Neutral from Buy. $23 price target. Lower steel price forecasts, Citigroup said.
STOCK COMMENTS / EPS CHANGESAdvanced Micro (AMD) numbers were reduced at JMP Securities through 2013. Industry trends will likely remain sluggish, JMP said. Underperform rating and new $2 price target. Broadcom (BRCM) estimates were raised at Citigroup through 2012. Solid demand from customers, including incremental socket in iPhone 5, Citi said. Buy rating and $42 price target. Salesforce.com (CRM) price target was raised at Needham. Shares are now seen reaching $180. New products should drive near-term growth, Needham said. Buy rating. Darden Restaurants (DRI) numbers were raised at UBS. Shares are now seen reaching $62. Estimates were also increased on potential Olive Garden turnaround, UBS said. Buy rating. Google (GOOG) price target was raised at Citigroup to $850. Overhangs are dissipating, Citi said. Buy rating. KB Home (KBH) numbers were boosted at JP Morgan. Shares are now seen reaching $18. Estimates were also increased, as the company continues to execute well, JP Morgan said. Overweight rating. VF Corp (VFC) price target was raised at Citigroup to $184. Multibrand channel underdeveloped, Citi said. Buy rating. Vivus (VVUS) price target was reduced at Credit Suisse. Shares are now seen reaching $29. EU may not approve Qsymia, Credit Suisse said. Outperform rating. >To submit a news tip, email: firstname.lastname@example.org.
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