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CHANGE IN RATINGS
(ADBE - Get Report)
upgraded at JMP from Underperform to Outperform, JMP Securities said. $42 price target. Company is successfully moving its offerings over to the cloud.
rated new Neutral at JP Morgan. $19 price target. Core business could continue to decline in 2013.
rated new Neutral at BofA/Merrill. Valuation call, based on an $19.50 price target.
downgraded at BMO Capital Markets to Market Perform from Outperform, BMO Capital Markets said. $15 price target. Conversion to revenue could slow.
downgraded at Guggenheim to Neutral. $3 price target. It is uncertain if there will be a materially higher bid than Sprint's offer of $2.90.
initiated at Goldman Sachs as Buy. $63 price target. Margin/volume expansion story.
downgraded at Needham from Hold to Underperform, Needham said. Core franchises will likely continue to deteriorate.
upgraded at Jefferies to Buy from Hold, Jefferies said. $70 price target. Strong free cash flow.
downgraded to hold at TheStreet Ratings.
rated new Outperform at Baird. $10 price target. Company can deliver industry-leading growth in 2013.
rated new Buy at Citigroup. $60 price target. Aggressive pursuit of up to a 64 vessel construction program.
(MSFT - Get Report)
rated new Market Perform at BMO. $30 price target. Weak PC market and lower tablet demand will likely weigh on shares.
(MU - Get Report)
upgraded at Drexel Hamilton to Buy, Drexel Hamilton said. $8 price target. Spot memory prices continue to surge.
rated new Buy at UBS. $10 price target. Ties to Fortress and Nationstar provide competitive advantage.
downgraded at Guggenheim from Buy to Neutral, Guggenheim said. $71 price target. Estimates also cut, as rig counts could fall in North America.
rated new Outperform at Wells. Company generates strong recurring cashflow and its business has high barriers to entry.
upgraded at Nomura to Buy, Nomura said. $80 price target. Stock is attractive, following the recent pullback.
upgraded to buy at TheStreet Ratings.
rated new Buy at Citigroup. $62 price target. Committed capital to expanding fleet.
initiated at Goldman Sachs aS new Buy. $15 price target. Well positioned to target consumers who desire a premium experience.
Waddell & Reed
rated new Equal-weight at Morgan Stanley. $35 price target. Stock is pricing in both expansion opportunities and flow headwinds.
downgraded at UBS to Neutral from Buy, UBS said. $118 price target. No major catalysts and Cotai parcel a challenge.
STOCK COMMENTS / EPS CHANGES
numbers cut at UBS. Shares of AAPL now seen reaching $700, UBS said. Estimates also lowered on slowing iPhone build rates. Buy rating.
numbers increased at Lazard. CVS estimates were raised through 2014, Lazard said. Company boosted its guidance. Buy rating and new $48.50 price target.
Diamond Offshore Drilling
numbers lowered at Jefferies. Shares of DO now seen reaching $73, Jefferies said. Estimates also lowered on valuation. Hold rating.
numbers raised at Oppenheimer. Shares of PSX now seen reaching $60, Oppenheimer said. Estimates also raised on bullish analyst meeting. Outperform rating.
STRATEGY CALLS / MARKET CALLS
target increased at JP Morgan. SPX now seen reaching 1,440 by the end of the year. Investors will likely continue to chase beta.
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