NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Blackberry (BBRY) was downgraded at Bernstein to market perform from outperform. $15 price target. Valuation call, as the stock is up 135% from last year's lows, Bernstein said.
(DPZ) was downgraded at Miller Tabak to hold from buy. Valuation call, as the stock achieved the previous $59 price target, Miller Tabak said.
Gap (GPS - Get Report) was upgraded at Citigroup to buy from neutral. Sales consistency combined with inventory control and new brand talent will drive upside, Citigroup said. Price target is $48. KeyCorp (KEY - Get Report) was downgraded to neutral from buy at BTIG. Valuation call, as the stock exceeded the previous $10.50 price target, BTIG said. LinkedIn (LNKD - Get Report) was initiated with a neutral rating at Robert Baird. Valuation call, based on a $190 price target, Baird said.
Regal-Beloit (RBC - Get Report) was upgraded at Credit Suisse to outperform from neutral. $76 price target. Company's structural issues have been factored into the stock, Credit Suisse said. STOCK COMMENTS/EPS CHANGES Agilent Technologies (A) estimates were reduced at Citigroup. FX headwinds and deterioration in EMG with the loss of a large wireless manufacturing customer, Citi said. Aetna (AET) estimates, price target were increased at Credit Suisse. Estimates were raised through 2014. CVH purchase should add to earnings, Credit Suisse said. Neutral rating and new $65 price target. Altera (ALTR) estimates were increased at UBS. Reflects Enpirion acquisition, which allows the company to increase its competitive advantage, said UBS.
Salesforce.com (CRM) estimates were reduced at Citigroup. Earnings estimates were reduced to reflect a reduction in the as-reported billings forecast based on F/X movements, said Citigroup. Edwards (EW) estimates were increased at UBS to reflect additional buybacks. Foot Locker (FL) numbers were raised at Canaccord Genuity. Shares are now seen reaching $41. Estimates were also increased, as the company should see higher comp sales growth, Canaccord Genuity said. Buy rating. Microsoft (MSFT) estimates were reduced at Citigroup. Earnings estimates were reduced in 2014 as Xbox 360 sales fade and the next generation Xbox has lower initial gross margins, said Citigroup.
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