NEW YORK (TheStreet) -- CHANGE IN RATINGS
Allison Transmission (ALSN) coverage started with a sell rating at TheStreet Ratings.
American International (AIG) was rated new outperform at BMO. $50 price target. Business has become more simple and the stock is attractively valued below book value, BMO Capital said.
Apache (APA) APA Apache was downgraded to neutral at JP Morgan. Company lacks near-term catalysts, JP Morgan said.Colfax (CFX) was downgraded to hold at TheStreet Ratings. Pandora (P) was rated new neutral at Lazard. Uncertainty remains around future music performance fees, Lazard Capital Markets said. Krispy Kreme (KKD) was downgraded from outperform to neutral at Wedbush. $16 price target. Valuation call, as the stock has doubled in the past five months, Wedbush said. Textron (TXT) was upgraded to overweight at JP Morgan. Stock is attractive, following a 13% pullback, JP Morgan said. $30 price target.
Alkermes (ALKS) downgraded from buy to neutral at Mizuho. $26 price target. Expect conservative 2014 guidance from the company, which lacks near-term catalysts, Mizuho said. Apache was downgraded to outperform to perform at Oppenheimer. Company remains leveraged to a volatile environment in Egypt, Oppenheimer said. Cabot Oil & Gas (COG) was upgraded to buy at Bank of America/Merrill Lynch. $93 price target. Production continues to accelerate and the company is leveraged to rising natural gas prices, said Bank of America/Merrill Lynch. East West Bancorp (EWBC) was downgraded from buy to neutral at Sterne Agee. $25 price target. Company is facing net interest margin pressure, Sterne Agee said. Fusion-io (FIO) was upgraded from hold to buy at Stifel Nicolaus. $18 price target. Checks suggest the company can exceed near-term expectations, Stifel Nicolaus said. Huntington Bancshares (HBAN) was downgraded from buy to neutral at Compass Point. $8 price target. Company lacks near-term catalysts, Compass Point said. HollyFrontier (HFC) was upgraded from neutralto buy at BofA/Merrill. $66 price target. Recent pullback has resulted in an attractive implied 7% dividend yield, Bank of America/Merrill Lynch said.
STOCK COMMENTS/EPS CHANGES Apple (AAPL) estimates, target were cut at BMO. Shares of AAPL are now seen reaching $460, according to BMO Capital. Estimates also reduced, as the company will struggle to maintain margins versus the continued growth of its business. Outperform rating. American Express (AXP) estimates were raised through 2015 at Credit Suisse. Company is keeping a tight lid on costs. Underperform rating and new $61 price target.
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