Analysts' Actions: EV FRC GLRE HTWR HPQ
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Best Buy (BBY) was downgraded to sell at TheStreet Ratings.
Dun & Bradstreet (DNB) was downgraded to sell at TheStreet Ratings.
Eaton Vance (EV) was downgraded at Citigroup to sell from neutral. $26 price target. Flows coming from higher cost deals or lower fee products, Citigroup said.
First Republic Bank (FRC) was upgraded at Jefferies to buy from hold. $39 price target. Luminous Capital acquisition. Greenlight Re (GLRE) was upgraded at UBS to buy from neutral. $27 price target. Attractive entry point, UBS said. Heartware Intl (HTWR) was downgraded at UBS to neutral from buy. $95 price target. Street revs may be aggressive, UBS said. Linn Co. (LNCO) was initiated with a buy rating at UBS. $41 price target. Acceleration in acquire and exploit strategy, UBS said. Penn National (PENN) was upgraded at Lazard from neutral to buy. $54 price target. REIT split should help increase shareholder value, Lazard said. Pioneer Natural Resources (PXD) was initiated with a buy rating at Citigroup. $120 price target. Should produce above average production growth near term, Citi said. St. Jude (STJ) was downgraded at Wells Fargo to market perform. FDA is showing increased concern around Riata/Durata, Wells Fargo said.STOCK COMMENTS / EPS CHANGES
Best Buy (BBY) numbers cut at UBS. Shares of BBY now seen reaching $12.50, UBS said. Estimates also lowered as it is becoming more expensive to fix company. Neutral rating. Best Buy numbers lowered at Jefferies. Shares of BBY now seen reaching $13, Jefferies said. Estimates also lowered on weak results. Hold rating. Eaton Vance (EV) numbers raised at KBW. Shares of EV now seen reaching $32, according to Keefe, Bruyette & Woods. Estimates also increased, as the company is seeing better asset inflows. Market Perform rating. Hewlett-Packard (HPQ) numbers cut at Citigroup. Shares of HPQ now seen reaching $10.50, Citigroup said. Estimates also lowered as BYOD still a major headwind. Lowe's (LOW) estimates, target increased at BMO. LOW estimates were raised through 2013, BMO Capital said. Company is realizing higher margins. Market Perform rating and new $37 price target. Owens & Minor (OMI) numbers cut at Credit Suisse. Shares of OMI now seen reaching $27, according to Credit Suisse. Estimates also reduced, given the weak utilization environment. Underperform rating. >To submit a news tip, email: tips@thestreet.com.Follow TheStreet on Twitter and become a fan on Facebook.
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