TW Telecom (TWTC) was downgraded at Citigroup to neutral from buy. Valuation and a lack of meaningful improvement in enterprise purchases drive the call, Citi said. Price target is $30.
Wolverine World Wide (WWW) was downgraded at Keybanc to hold from buy. Valuation call, even though estimates are moving higher, Keybanc said.
Yahoo! (YHOO) was initiated with a buy rating at Citigroup. Rating based on cash-generation potential and valuation, Citigroup said. The price target is $30.
STOCK COMMENTS/EPS CHANGESApple (AAPL) numbers were cut at Canaccord Genuity. Shares are now seen reaching $530. Estimates were also lowered due to slower high-end smartphone sales growth trends, Canaccord Genuity said. Buy rating. Cree (CREE) estimates, price target were upped at Wedbush. Estimates were increased through 2014. Company is leveraged to positive industry momentum, Wedbush said. Outperform rating and new $78 price target. Kroger (KR) price target and estimates were raised at Citigroup. Earnings estimates were raised based on accretion related to the merger with Harris Teeter, said Citigroup. Price target goes to $43. Nasdaq OMX (NDAQ) estimates were reduced at Credit Suisse through 2015. Company is facing higher expenses, Credit Suisse said. Neutral rating and $28 price target. Nu Skin (NUS) numbers were increased at DA Davidson. Estimates were raised through 2014. Company boosted its guidance, DA Davidson said. Buy rating and new $100 price target. PetSmart (PETM) price target was raised at UBS to $79. Offers a nice offensive / defensive mix in an uncertain world, UBS said. Buy rating. Pioneer Natural Resources (PXD) price target was raised at Citigroup to $190. Increased confidence in the potential associated with the Permian Basin assets, Citi said. Qualcomm (QCOM) numbers were cut at Canaccord Genuity. Shares are now seen reaching $84. Estimates also lowered due to slower high-end smartphone sales growth trends, Canaccord Genuity said. Buy rating. Yahoo! estimates, price target were boosted at Needham. Shares are now seen reaching $28. Estimates were also increased, as the company will likely face a lower tax rate, Needham said. Buy rating. >To submit a news tip, email: firstname.lastname@example.org. Follow TheStreet on Twitter and become a fan on Facebook.
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