NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Credit Acceptance was initiated with a neutral rating at Bank of America/Merrill Lynch. $121 price target. Upside limited by overheating auto lending market, BofA/Merrill said.
CVR Energy (CVI) was downgraded to sell from neutral at Goldman Sachs. $60 price target. Least upside among companies under coverage, Goldman said.
CVR Refining LP (CVRR) was initiated with a neutral rating at Goldman Sachs. $37 price target. Refining coverage view remains attractive, Goldman said.Diamond Offshore Drilling (DO) was downgraded to hold at TheStreet Ratings. Maxim Integrated Products (MXIM - Get Report) was downgraded at J.P. Morgan to neutral from overweight. Largest customer Samsung experiencing a shortfall in its business, J.P. Morgan said.
Occidental Petroleum (OXY - Get Report) 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.
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