NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Air Products (APD) was downgraded at Bank of America/Merrill Lynch to underperform from neutral. Valuation call, based on a $90 price target, BofA/Merrill said.
Apollo Group (APOL) was upgraded to hold at TheStreet Ratings.
Centene (CNC) was initiated with a buy rating at Lazard Capital Markets. $60 price target. Company will likely grow by entering new states, Lazard Capital Markets said.Garmin (GRMN) was downgraded to hold at TheStreet Ratings. Humana (HUM) was initiated with a neutral rating at Lazard Capital Markets. Valuation call, Lazard Capital Markets said. (M) was initiated with a buy rating at Stifel Nicolaus. $55 price target. Company dominates the market and can achieve operating leverage, Stifel Nicolaus said. Trimble (TRMB) was upgraded at Lazard Capital Markets to buy from neutral. $31 price target. Negative macro headlines have created a more attractive entry point, Lazard Capital Markets said. Zoetis (ZTS) was upgraded to outperform from market perform at BMO Capital. $36 price target. 400 million new shares are hitting the market and any weakness should be seen as a buying opportunity, BMO Capital said.
STOCK COMMENTS/EPS CHANGESAmeriprise Financial (AMP) estimates were raised at Citigroup. Earnings estimates were increased given a more favorable mix shift, despite a cautious flow outlook, said Citigroup. Bed Bath & Beyond (BBBY) numbers were increased at Wedbush. Estimates were raised through 2014. Company will likely buy back more stock and see business stabilize, Wedbush said. Outperform rating and new $85 price target. Bed Bath & Beyond estimates were raised at UBS. Earnings estimates were raised as the housing recovery is beginning to be reflected in results, said UBS. Carbo Ceramics (CRR) numbers were cut at Sterne Agee. Shares are now seen reaching $73. Estimates were also reduced, given near-term uncertainty in Mexico, Sterne Agee said. Neutral rating. (CSCO) price target was boosted at Stifel. Shares are now seen reaching $28, according to Stifel Nicolaus. Company appears to have regained its R&D momentum, Stifel Nicolaus said. General Mills (GIS) price target was boosted at BMO Capital to $52. Company is realizing higher operating profit, BMO Capital said. Outperform rating.
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