NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Ascena Retail (ASNA) was downgraded at Keybanc from buy to hold. Company is in a complex integration process, while its core business is slowing, Keybanc said.
Balchem (BCPC) was upgraded at DA Davidson from underperform to buy. Estimates also increased, given record sales growth, DA Davidson said. $48 price target.Endo Pharmaceuticals (ENDP) was downgraded at Piper Jaffray from neutral to underweight. $22 price target. Outlook for generic competition remains uncertain, Piper Jaffray said. Eaton (ETN) was initiated with an outperform rating at Credit Suisse. $72 price target. Company has high exposure to a cyclical recovery, Credit Suisse said. International Paper (IP - Get Report) was upgraded at J.P. Morgan from neutral to overweight. TIN deal should help the company continue to grow, J.P. Morgan said. New Gold Inc. (NGD) was downgraded to hold at TheStreet Ratings. Nordson (NDSN) was upgraded at BMO Capital from market perform to outperform. $74 price target. Stock has pulled back, even though fundamentals are improving. NV Energy (NVE) was downgraded at Wunderlich from buy to hold. $20 price target. Company could face regulatory delays in Nevada, Wunderlich said. Owens Corning (OC - Get Report) was downgraded at Wells Fargo to market perform. Company has limited earnings visibility, Wells Fargo said. Children's Place (PLCE) was downgraded at Janney Montgomery from buy to neutral. $49 price target. Company is facing increased competition, Janney Montgomery said. Rock-Tenn (RKT) was upgraded at J.P. Morgan from neutral to overweight. Industry spring price increase should stick, J.P. Morgan said. SM Energy (IP - Get Report) downgraded at BMO Capital from outperform to market perform. Valuation call, based on a $65 price target, BMO Capital said. Safeway (SWY - Get Report) was upgraded at Bank of America/Merrill Lynch to neutral. $24 price target. Sales risk should moderate in 2013, BofA/Merrill said. VMware (VMW - Get Report) was upgraded at Citigroup to neutral from sell. $75 price target. Valuation and lack of further negative catalysts, Citi said. Washington Post (WPO) was downgraded to hold at TheStreet Ratings.
STOCK COMMENTS / EPS CHANGESApple (AAPL) price target was reduced at Needham. Shares are now seen reaching $710. Company may no longer innovate at the same pace, Needham said. Buy rating.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts