NEW YORK (TheStreet) -- CHANGE IN RATINGS:
AK Steel (AKS) was downgraded at Goldman Sachs to sell from neutral. $3 price target. Integrated mills face margin risk, Goldman said.
Bed Bath & Beyond (BBBY) was downgraded at Goldman to sell from neutral. $56 price target. Mounting evidence of peak margins and market share loss, Goldman said.
General Cable (BGC) upgraded to buy at TheStreet Ratings.Dynamic Materials (BOOM) upgraded to buy at TheStreet Ratings. Brookfield Office Properties (BPO) was downgraded at Citigroup to sell from neutral. $15 price target. Headwinds strengthening in 2013 while street estimates remain too high, Citi said. BorgWarner (BWA) was upgraded at KeyBanc to buy from hold. $92 price target. Strong European light vehicle sales, KeyBanc said. Hancock Holding Co. (HBHC) was downgraded at Credit Suisse to underperform from neutral. $25 price target. Core margin lower than expected, Credit Suisse said. HMS Holdings (HMSY) was downgraded at Oppenheimer to perform from outperform. Strong run-up in share price, Oppenheimer said. ImmunoGen (IMGN) was downgraded at Oppenheimer to perform from outperform. $14 price target. Valuation call as T-DM1 success priced in, Oppenheimer said. Ingredion (INGR) was downgraded at Citigroup to neutral from buy. $77 price target. Declining sugar prices to limit 2013 EPS growth, Citigroup said. Life Technologies (LIFE) downgraded at UBS to neutral from buy, UBS said. $65 price target. Upside limited at current levels. Magna International (MGA) upgraded at KeyBanc to buy from hold, KeyBanc said. $61 price target. Strong European light vehicle sales. NYSE Euronext (NYX) downgraded at UBS to neutral from buy, UBS said. $34 price target. Prefer ICE for exposure to attractive transaction. Transocean (RIG) upgraded at Guggenheim to buy from neutral, Guggenheim said. $75 price target. Potential yield upside. SVB Financial Group (SIVB) downgraded at Citigroup to neutral from buy, Citigroup said. $64 price target. Valuation call. Terex (TEX) upgraded at BofA Merrill to neutral from underpeform, Bank of America Merrill Lynch said. $34 price target. Positive read across from aerial work platform competitors.
STOCK COMMENTS / EPS CHANGESBaker Hughes (BHI) numbers raised at Guggenheim. Shares of BHI now seen reaching $50, Guggenheim said. Estimates also raised on multiple expansion. Neutral rating. The Hershey Company (HSY) target raised at Deutsche Bank. Shares of HSY now seen reaching $72, Deutsche Bank said. Deserves a premium. Hold rating. JB Hunt Transport Services (JBHT) numbers raised at Credit Suisse. Shares of JBHT now seen reaching $68, Credit Suisse said. Estimates also raised on intermodal growth. Neutral rating. Oshkosh Corp (OSK) numbers raised at Credit Suisse. Shares of OSK now seen reaching $38, Credit Suisse said. Estimates also raised on tele-handling its business. Neutral rating. QLogic Corporation (QLGC) target raised at Cantor Fitzgerald to $11.50, Cantor Fitzgerald said. Revenue compression arrested. Hold rating. >To submit a news tip, email: email@example.com.
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