Sonoco (SON) downgraded at JP Morgan from neutral to underweight, JP Morgan said. Estimates also cut, as the company could see lower sales in plastics and the emerging markets.Sysco Corp. (SYY) downgraded at Morgan Stanley to Underweight from Equal-weight, Morgan Stanley said. $27 price target. Margin pressure from a return of food inflation.
STOCK COMMENTS / EPS CHANGESAbercrombie & Fitch (ANF) numbers boosted at Sterne Agee. Shares of ANF now seen reaching $62, according to Sterne Agee. Estimates also upped, following recent channel checks. Buy rating. BlackRock (BLK) target raised at Jefferies. Shares of BLK now seen reaching $215, Jefferies said. Organic growth stands out. Hold rating. Cypress Semiconductor (CY) numbers cut at Sterne Agee. CY estimates were reduced through 2013, Sterne Agee said. Company is leveraged to slower macro growth. Buy rating and new $14 price target. EMC Corporation (EMC) numbers cut at UBS. Shares of EMC now seen reaching $28.50, UBS said. Estimates also lowered as big data overhyped short term, but real long term. Buy rating. Hubbell (HUBB) target raised at Oppenheimer to $98. Longer term recovery in nonresidential and residential markets. Outperform rating. Monsanto (MON) estimates, target raised at Morgan Stanley. Shares of MON now seen reaching $115, according to Morgan Stanley. Estimates also increased, as the company is realizing higher deferred revenue. Overweight rating. Monsanto numbers raised at Jefferies. Shares of MON now seen reaching $110, Jefferies said. Estimates also raised on tailwind from Roundup Ready. Hold rating. Qlik Technologies (QLIK) target raised at Jefferies to $21, Jefferies said. Survey suggests in line quarter. Hold rating. Visa (V) added to Conviction Buy List at Goldman. Company should see higher new transactions. Price target also lifted to $188. Weyerhaeuser (WY) numbers raised at Citigroup to $36. Estimates also increased as previously too bearish on pulp and not bullish enough on lumber. Buy rating. >To submit a news tip, email: firstname.lastname@example.org.
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