RPM International (RPM) was initiated with an overweight rating at Morgan Stanley. $34 price target. Company trades at a discount to its peers, but has attractive end-market exposure, Morgan Stanley.
Timken (TKR) was downgraded at Jefferies to hold from buy. $45 price target. Risk/reward balanced following activist filing, Jefferies said.
STOCK COMMENTS / EPS CHANGES
Allstate (ALL) estimates were lowered at UBS through 2012. Sandy loss modestly above expectations, UBS said. Neutral rating and $40 price target.
Broadcom (BRCM) estimates were raised at Citigroup. Estimates were increased through 2014. Expect guidance raise at 12/6 analyst day, Citi said. $41 price target.Express Scripts (EXPR) numbers were raised at UBS. Shares are now seen reaching $17. Estimates were also increased on solid start to holiday season, UBS said. Buy rating. Express estimates, target were increased at BMO Capital. Estimates were raised through 2013. Company boosted its guidance. Outperform rating and new $17 price target, BMO said. Intel (INTC) numbers were cut at Citigroup. Shares are now seen reaching $21. Estimates were also lowered on further risk to guidance, Citi said. Neutral rating. Intel estimates, target were reduced at Goldman Sachs. Shares are now seen reaching $16. Estimates were also cut, as gross margins will likely decline in the coming quarters, Goldman said. Lockheed Martin (LMT) target was raised at Jefferies. Shares are now seen reaching $88. Bullish following meeting with new CEO, Jefferies said. Hold rating. Microsoft (MSFT) numbers were lowered at Jefferies. Shares are now seen reaching $31. Estimates were also lowered on PC revisions, Jefferies said. Hold rating. Pentair (PNR) numbers wre raised at Oppenheimer. Shares are now seen reaching $50. Estimates were also raised on bullish investor day, Oppenheimer said. Perform rating. Tractor Supply (TSCO) was added to the Conviction Buy List at Nomura. Stock is attractive, following a recent pullback, Nomura said. $110 price target. Workday (WDAY) estimates, target were raised at JMP Securities. Estimates were also increased, given the company's new guidance, JMP said. Outperform rating. >To submit a news tip, email: firstname.lastname@example.org.
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