Texas Instruments (TXN) was downgraded from Neutral to Underperform at Sterne Agee with a $27 price target. Exit from the wireless segment will weigh on sales and margins.
Valassis (VCI) was downgraded from Overweight to Neutral at JP Morgan with a $30 price target. Valuation call, as the stock is up 41% year-to-date.
STOCK COMMENTS / EPS CHANGES
Apple (AAPL) estimates, target cut at Canaccord. Shares of AAPL now seen reaching $750, according to Canaccord Genuity. Estimates also reduced, given lower expected iPad sales. Buy rating.
ARIAD Pharma (ARIA) numbers lowered at Jefferies. Shares of ARIA now seen reaching $23, Jefferies said. Estimates also lowered on safety issues for Iclusig. Buy rating.Bed Bath & Beyond (BBBY) numbers cut at UBS. Shares of BBBY now seen reaching $64.50, UBS said. Estimates also lowered as shares reflect caution on comps. Neutral rating. Expedia (EXPE) estimates, target boosted at Cantor Fitzgerald. Shares of EXPE now seen reaching $70, according to Cantor Fitzgerald. Estimates also upped, following positive channel checks. Buy rating. Oracle (ORCL) target raised at Jefferies. Shares of ORCL now seen reaching $34, Jefferies said. Expecting easy comps. Hold rating. PPG Industries (PPG) target raised at Jefferies. Shares of PPG now seen reaching $150, Jefferies said. Potential accretion from PPG-Akzo deal. Buy rating. Research in Motion (RIMM) estimates trimmed at UBS. RIMM estimates lowered through 2014, UBS said. Nine million unit assumption too optimistic. Neutral rating.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV