Constellation Brands was downgraded at BofA/Merrill from buy to neutral DOJ decision adds uncertainty to the story, BofA/Merrill said. $33 price target.
Stryker (SYK) was downgraded at Mizuho from buy to hold. Orthopedic market will likely remain lackluster in 2013, Mizuho said.Thermo Fisher (TMO) was upgraded at J.P. Morgan from neutral to overweight. $80 price target. Company's guidance appears conservative, J.P. Morgan said. Time Warner Cable (TWC - Get Report) was downgraded at Deutsche Bank from buy to hold. $99 price target. Company is seeing flat subscriber figures and a 10% increase in programming costs, Deutsche Bank said. Time Warner Cable was downgraded at Guggenheim to neutral. $90 price target. Margin pressures will likely persist through 2014, Guggenheim said. Time Warner Cable was downgraded at Wells Fargo to market perform. Estimates were also cut, given the company's new guidance, Wells Fargo said. United Parcel Service (UPS) was downgraded at Citigroup to neutral from buy. $83 price target. Stock has run, and cost headwinds hit 2013, Citigroup said. United Parcel Service (UPS) was downgraded to Hold at TheStreet Ratings. Verizon (VZ) was upgraded at Piper Jaffray to overweight. $50 price target. Company is a market leader and returning cash to shareholders, Piper Jaffray said. WR Berkley (WRB) was upgraded at Deutsche Bank from sell to hold. Valuation call, based on a $38 price target, Deutsche Bank said. Zimmer (ZMH) was downgraded at Mizuho from buy to underperform. Near-term expectations remain too high, Mizuho said.
STOCK COMMENTS / EPS CHANGESAtwood Oceanics (ATW) numbers were raised at Jefferies. Shares are now seen reaching $60. Estimates were also raised on reliable growth, Jefferies said. Buy rating. BE Aerospace (BEAV) numbers were raised at Oppenheimer. Shares are now seen reaching $61. Estimates were also raised on solid long- term prospects, Oppenheimer said. Outperform rating. Consol Energy (CNX) numbers were raised at Credit Suisse. Shares are now seen reaching $34. Estimates were also increased, as the company is managing well through a difficult environment, Credit Suisse said. Neutral rating. Hess (HES) numbers were raised at Oppenheimer. Shares are now seen reaching $80. Estimates were also raised on activist investor boosting valuation, Oppenheimer said. Outperform rating. Liquidity Services (LQDT) numbers were lowered at Oppenheimer. Shares are now seen reaching $36. Estimates were also lowered on transitional 2013, Oppenheimer said. Outperform rating. Potash (POT) target was lowered at UBS to $48. Offshore weakness continues, UBS said. Buy rating. Elizabeth Arden (RDEN) numbers were lowered at Oppenheimer. Estimates were also lowered on an ugly quarter. Outperform rating. Wesco International (WCC) price target was raised at Oppenheimer. Shares are now seen reaching $89. Leverage to economic acceleration spring-loaded, Oppenheimer said. Outperform rating. >To submit a news tip, email: email@example.com.
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