Scripps Networks (SNI) downgraded at Deutsche from buy to hold, Deutsche Bank said. $65 price target. Estimates also cut, given lower ratings.
Simpson Manufacturing (SSD) downgraded at DA Davidson from buy to neutral, DA Davidson said. Company lacks near-term catalysts.
Steel Dynamics (STLD) upgraded at Keybanc from hold to buy, Keybanc said. $22 price target. Company generates solid free cash flow and pays an attractive dividend.
Varian Medical (VAR) downgraded Lazard from buy to neutral, Lazard Capital Markets said. Valuation call, as the stock is up 22% since late October.Verizon (VZ) downgraded at UBS to neutral from buy, UBS said. $44 price target. Still the leader in wireless, but profitability lower than expected. Werner (WERN) downgraded at Deutsche from buy to hold, Deutsche Bank said. $26 price target. Company lacks near-term catalysts. Wells Fargo (WFC) downgraded at Oppenheimer to perform from outperform, Oppenheimer said. Stock fairly valued. Xilinx (XLNX) upgraded at Credit Suisse from neutral to outperform. $42 price target. Company should see higher end-market demand in 2013. Zimmer (ZHM) downgraded at Lazard from buy to neutral. Valuation call.
STOCK COMMENTS / EPS CHANGESeBay (EBAY) estimates, target raised at Credit Suisse. Shares of EBAY now seen reaching $50, according to Credit Suisse. Estimates also increased, given expected accelerating user growth. Neutral rating. Facebook (FB) numbers raised at Oppenheimer. Shares of FB now seen reaching $34. Estimates also raised on Facebook Exchange impact. Outperform rating. Garmin (GRMN) numbers lowered at JP Morgan. Shares of GRMN now seen reaching $36. Estimates also lowered on 10%-15% decline in PND unit shipments in 2013. Underweight rating. HMS Holdings (HMSY) numbers raised at Jefferies. Shares of HMSY now seen reaching $34. Estimates also raised on positive thematic momentum. Buy rating. KBR (KBR) numbers lowered at J.P. Morgan. Shares of KBR now seen reaching $40. Estimates also lowered on intensification of execution risks. Overweight rating. Microsoft (MSFT) numbers cut at UBS. Shares of MSFT now seen reaching $35. Estimates also lowered to reflect weakness in CQ4 PC demand units. Buy rating. SAP (SAP) target raised at Jefferies. Shares of SAP now seen reaching $82. Revenue estimates appear achievable. Hold rating. Yum! Brands (YUM) numbers lowered at Oppenheimer. Shares of YUM now seen reaching $74. Estimates also lowered on less 2013 growth. Outperform rating. >To submit a news tip, email: email@example.com.
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