Veeco Instruments (VECO) was downgraded at J.P. Morgan from overweight to neutral. $31 price target. Estimates also cut, given the company's new guidance, J.P. Morgan said.
VF Corp. (VFC) was upgraded at DA Davidson to buy. $191 price target. Long-term prospects remain positive, DA Davidson said.
Xilinx (XLNX) was upgraded at Bank of America/Merrill Lynch from neutral to buy. $45 price target. Growth should reach an inflection point in the second half of the year, BofA/Merrill said.
STOCK COMMENTS / EPS CHANGES
American Electric (AEP) numbers were raised at Credit Suisse. Shares are now seen reaching $50. Estimates were also increased, as the company can continue to deliver consistent growth and trades at a discount to its peers, Credit Suisse said.Anadarko Petroleum (APC) numbers were raised at Oppenheimer. Shares are now seen reaching $100. Estimates were also raised on exploration and onshore driving growth, Oppenheimer said. Outperform rating. Burger King (BKW) numbers were raised at UBS. Shares are now seen reaching $18. Estimates were also increased on strong fourth-quarter beat, UBS said. Neutral rating. Concur (CNQR) was added to the U.S. Focus List at Credit Suisse. $83 price target. Government contract should ramp in the next 12 to 18 months, Credit Suisse said. Outperform rating. Eaton Vance (EV) numbers were boosted at Bank of America/Merrill Lynch. Shares are now seen reaching $42. Estimates were also raised, as the company is seeing rapid growth in assets under management, BofA/Merrill said. Neutral rating. Jack in the Box (JACK) price target was raised at Oppenheimer. Shares are now seen reaching $36. FCF optionality remains underappreciated, Oppenheimer said. Outperform rating. Michael Kors (KORS) was added to Top Picks Live! at Citigroup. $75 price target. Comps should ocntinue to track higher than expectations, Citigroup said. Kraft Foods (KRFT) numbers were increased at BMO Capital. Estimates were increased through 2014. Company continues to cut costs, BMO Capital said. Outperform rating and new $53 price target. Lorillard (LO) numbers were raised at Jefferies. Shares are now seen reaching $46. Estimates were also raised at bullish long-term outlook, Jefferies said. Buy rating. 3M (MMM) was added to U.S. 1 List at Bank of America/Merrill Lynch. Company can exceed near-term margin and earnings expectations, BofA/Merrill said. Buy rating and $113 price target. Altria Group (MO) numbers were raised at Jefferies. Shares are now seen reaching $34. Estimates were also raised on strong long-term outlook, Jefferies said. Hold rating. Toll Brothers (TOL) numbers were increased at JMP Securities. Estimates were raised through 2014. Industry fundamentals continue to improve, JMP said. Outperform rating and new $44 price target. >To submit a news tip, email: firstname.lastname@example.org.
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