NEW YORK ( TheStreet) -- CHANGE IN RATINGS
F5 Networks (FFIV) was downgraded to hold at TheStreet Ratings.
L-3 Communications (LLL) was downgraded at J.P. Morgan to underweight from neutral. Company is most at risk from sequestration cuts, J.P. Morgan said. Vail Resorts (MTN) was downgraded at Credit Suisse to neutral from outperform. $64 price target. Valuation call, as the stock is up 44% over the past year, Credit Suisse said. Northrop Grumman (NOC) was upgraded at J.P. Morgan to equal-weight from underweight. Valuation call, J.P. Morgan said. Public Service (PEG) was downgraded at Argus to hold from buy. Valuation call, as the stock is approaching the previous $35 price target, Argus said.
RDA Microelectronics (RDA) was downgraded to hold at TheStreet Ratings. Vertex Pharmaceuticals (VRTX - Get Report) was initiated with a hold rating at Canaccord. Valuation call, based on a $55 price target. Whiting Petroleum (WLL - Get Report) was upgraded to overweight at J.P. Morgan. Valuation call, given the company's better outlook, J.P. Morgan said. STOCK COMMENTS/EPS CHANGES Apple (AAPL) estimates were increased at Canaccord Genuity through 2014. Company is seeing higher iPhone 4 and 4S sales, and new products should continue to drive demand. Buy rating and $600 price target. AstraZeneca (AZN) estimates were cut at Leerink Swann through 2014. Cautious feedback for Fostamatinib lowers the chance for FDA approval, Leerink Swann said. Daimler (DDAIF) price target and estimates were reduced at UBS. First-quarter guidance was worse than expected on weak markets (Germany) and wholesale sales, driving a reduction in earnings estimates, said UBS. The price target goes to $70.22. Hanesbrands (HBI) price target and estimates were increased at Citigroup. The price target was increased to $54 after the company initiated a dividend which will attract new investors, said Citigroup. Earnings estimates for 2013 were increased given a better-than-expected first quarter result, Citigroup added.