NetSuite (N) was upgraded at Lazard Capital Markets to buy from neutral. $85 price target. Increased sales capacity should support continued beat and raise scenarios, Lazard Capital Markets said.
Penske (PAG) was upgraded at Keybanc from hold to buy. $36 price target. Domestic auto demand appears to be increasing, Keybanc said.
Synovus (SNV) was downgraded at Bernstein Research from outperform to market perform. Valuation call, based on a $3 price target, Bernstein said.
Verizon (VZ) was upgraded at Canaccord Genuity to buy. $50 price target. Company can expand its wireless margins, Canaccord Genuity said.Walter Energy (WLT) was upgraded at Dahlman Rose from hold to buy. $48 price target. Company is leveraged to better industry pricing, Dahlman Rose said. Exco Resources (XCO) was downgraded at Keybanc from buy to hold. Natural gas prices will likely remain low, Keybanc said.
STOCK COMMENTS / EPS CHANGESApple (AAPL) estimates, target reduced at FBR. Shares of AAPL now seen reaching $675, according to FBR Capital Markets. Estimates also cut, as the company may continue to face margin pressure. Outperform rating. Canadian National Railway (CNI) numbers raised at Jefferies. Shares of CNI now seen reaching $84, Jefferies said. Estimates also raised on improved cost management. Underperform rating. Cree (CREE) estimates, target raised at Lazard. Shares of CREE now seen reaching $47, according to Lazard Capital Markets. Estimates also increased, given higher lighting demand. Buy rating. Cree target raised at Oppenheimer to $42, Oppenheimer said. Another positive quarter in a tough environment. Outperform rating. General Electric (GE) numbers raised at Oppenheimer. Shares of GE now seen reaching $25, Oppenheimer said. Estimates also raised on backlog support for 2013. Outperform rating. Google (GOOG) target raised at Jefferies to $875, Jefferies said. Best positioned for opportunities in mobile. Buy rating. Google estimates, target lowered at BMO. Shares of GOOG now seen reaching $790, according to BMO Capital. Estimates also cut, given the secular decline in online ad pricing. Outperform rating. Google numbers raised at Oppenheimer. Shares of GOOG now seen reaching $765, Oppenheimer said. Estimates also raised on quarterly tax beat. Perform rating.
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