NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Bunge (BG) was downgraded to hold at TheStreet Ratings.Coach (COH - Get Report) was downgraded at Lazard Capital Markets to neutral from buy. Company could face increased competition, Lazard Capital Markets said. (DCIX) was downgraded to sell at TheStreet Ratings. Newell Rubbermaid (NWL - Get Report) was initiated with a neutral rating at Goldman Sachs. $27 price target. Valuation call, as the stock is up 70% from its 2011 lows, Goldman said. Waters (WAT - Get Report) was upgraded at Goldman Sachs to buy. $120 price target. Company is seeing better end-market demand, Goldman said.
STOCK COMMENTS/EPS CHANGESApple (AAPL) estimates, price target were cut at Oppenheimer. Shares are now seen reaching $460. Estimates were reduced, given slower iPhone demand, Oppenheimer said. Outperform rating. Amazon (AMZN) estimates were reduced at UBS. AMZN 2014 earnings estimates were cut given moderating sales trends in the retail business, said UBS. Blackberry (BBRY) numbers were reduced at Citigroup. Earnings estimates were reduced as competition affects demand, said Citi. Price target is $10. Freeport McMoRan (FCX) earnings estimates were adjusted at UBS to reflect production losses at Grasberg and a new oil and gas outlook, UBS said. Inergy (NRGY) numbers were cut at UBS to reflect the dilution related to the CMLP deal, said UBS. Price target was reduced to $16. firstname.lastname@example.org. Follow TheStreet on Twitter and become a fan on Facebook.
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