NEW YORK ( TheStreet) -- CHANGE IN RATINGS
PulteGroup (PHM - Get Report) was downgraded at J.P. Morgan to neutral from overweight. Valuation call, as the stock has tripled since 2012, J.P. Morgan said. Synovus (SNV) was upgraded at Bank of America/Merrill Lynch to buy from neutral. $3 price target. Credit quality is improving, BofA/Merrill said. Superior Energy was upgraded at Sterne Agee to buy. $34 price target. Visibility is improving in North America, Sterne Agee said.
Wesco Aircraft was upgraded at Bank of America/Merrill Lynch to neutral from outperform. $16 price target. Company is realizing higher margins and paying lower taxes, BofA/Merrill said. $16 price target. STOCK COMMENTS/EPS CHANGES Arch Capital Group (ACGL) price target and estimates were increased at UBS. Estimates increased to reflect improving underwriting margins, said UBS. The new price target is $54. Chubb (CB) estimates, price target were increased at Credit Suisse through 2014. Margins continue to improve, Credit Suisse said. Outperform rating and new $96 price target. Crown Castle International (CCI) price target and estimates were increased at Oppenheimer. Carrier transition to Phase 2 of LTE development, said Oppenheimer. Price target is now $90. Choice Hotels (CHH) numbers were cut at Credit Suisse. Shares are now seen reaching $35. Estimates were also reduced, given the company's new guidance, Credit Suisse said. Underperform rating.
Community Health (CYH) numbers raised at Credit Suisse. Shares are now seen reaching $55. Estimates were also increased, given better pricing and cost controls. Outperform rating. Eaton (CYH) estimates, price target were boosted at Keybanc. Shares now seen reaching $72. Estimates were also increased, as the company continues to execute well. Buy rating.