Analysts' Actions: RIMM AIG AOL JCP FRX
Oasis Petroleum (OAS) upgraded at Wells Fargo to outperform from market perform, Wells Fargo said. $40 to $45 valuation range. Strong operational momentum.
Principal Financial (PFG) downgraded at UBS to sell from neutral, UBS said. $27 price target. Accumulation business to remain under pressure.
Philip Morris (PM) upgraded at Goldman from neutral to buy, Goldman Sachs said. $103 price target. Company was also placed on the Conviction Buy list. Company offers growth and yield at an attractive valuation.
Pepco (POM) downgraded at Credit Suisse from outperform to neutral, Credit Suisse said. $20.50 price target. Company is facing multiple growth headwinds.Perrigo (PRGO) downgraded at Goldman from neutral to sell, Goldman Sachs said. $110 price target. Growth could slow in the next few quarters. Research in Motion (RIMM) downgraded at BMO to underperform, BMO Capital said. $9 price target. New BB10 phones will likely not stem market share losses. JM Smucker (SJM) downgraded at Goldman from buy to neutral, Goldman Sachs said. Valuation call, based on a $93 price target. SodaStream International (SODA) rated new buy at Citigroup. $60 price target. Skeptics abound but momentum is hard to dispute. Standard Pacific (SPF) downgraded at JP Morgan from neutral to underweight, JP Morgan said. Valuation call, as the stock trades at a 35% premium to its peers. Molson Coors (TAP) rated new buy at Nomura. $54 price target. Investor sentiment is too low and the company can continue to cut costs. Tenet Healthcare (THC) upgraded at BofA/Merrill from neutral to buy, Bank of America/Merrill Lynch said. $44 price target. Company is improving margins and leveraging its balance sheet. Targa Resources (TRGP) downgraded at BofA to neutral from buy, Bank of America Merrill Lynch said. $60 price target. Valuation call. Watson Pharmaceuticals (WPI) downgraded at Goldman from buy to neutral, Goldman Sachs said. $96 price target. Valuation call, as the stock gained 43% in 2012. Watsco (WSO) downgraded at JP Morgan to underweight, JP Morgan said. Valuation call, based on a $72 price target.
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