Occidental Petroleum (OXY) was downgraded at UBS to neutral from buy. The valuation reflects the restructuring options, said UBS. Price target was raised to $100. Questar (STR) was initiated with a neutral rating at UBS. $26 price target. The company is a solid growth, low risk play, UBS said.
Teekay (TK) was upgraded to buy at TheStreet Ratings.
Stock Comments / EPS ChangesApollo Investments (AINV) estimates were reduced at UBS. Incorporate first-quarter results. The long-term story is intact despite the dividend hike not occurring this quarter, said UBS. Berry Plastics (BERY) price target was raised at Bank of America/Merrill Lynch to $27. Upbeat investor sessions and research, said BofA/Merrill Lynch. Reiterate Buy rating.
Merck & Co (MRK) price target was raised at UBS to $53. Reflects a pipeline that includes Lambro, said UBS. Titan International (TWI) estimates were reduced at Oppenheimer. Management withdrew guidance, said Oppenheimer. >To submit a news tip, email: firstname.lastname@example.org. Follow TheStreet on Twitter and become a fan on Facebook.