NEW YORK ( TheStreet) -- CHANGE IN RATINGS
CH Robinson (CHRW) was downgraded at J.P. Morgan to underweight from neutral. Company is facing increased competition, J.P. Morgan said.
Pioneer Natural (PXD) was upgraded at Canaccord Genuity to hold from sell. $112 price target. Expect better capital productivity from the Spraberry field, Canaccord said. Sprint Nextel (S) was upgraded at J.P. Morgan to overweight from neutral. $8 price target. Company continues to hold long-term strategic value, J.P. Morgan said. Sarepta (SRPT) was downgraded at Leerink Swann. Company is not sure whether the FDA will allow for an accelerated filing of drisapersen, Leerink Swann said. Fair value is $41.
Target (TGT - Get Report) was initiated with a neutral rating at UBS. PFresh and REDcard will continue to benefit 2013, but the fast entry into Canada is risky, UBS said. Price target is $75. Thermo Fisher (TMO) was upgraded at Mizuho to buy from neutral. $90 price target. Life purchase bolsters the company's margins and growth profile, Mizuho said. Vulcan Materials (VMC) was upgraded at Sterne Agee to buy from neutral. $55 price target. Company is leveraged to strong end-market demand, Sterne Agee said. Wal-Mart (WMT - Get Report) was initiated with a buy rating at UBS. A turnaround in the U.S. business, investments in small box stores and e-commerce as well as international growth will drive the sales higher, UBS said. Price target is $89. Stock Comments / EPS Changes Apple (AAPL) target lowered at Piper Jaffray to $688. March Street expectations still appear too high, and Apple is likely to guide June down, Piper Jaffray said. Overweight rating.
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