Linear Technology (LLTC) was upgraded at Jefferies to buy. $44 price target. Company is leveraged to higher automotive and industrial growth, Jefferies said.
Optical Cable (OCC) was downgraded to hold at TheStreet Ratings.
ON Semiconductor (ONNN) was downgraded at Jefferies to hold. $8.50 price target. Company may face multiple compression, as the chip sector is entering the late innings of the cycle, Jefferies said.
Palo Alto Networks (PANW) was upgraded at UBS to buy from neutral. Unjustified low valuation despite industry leading growth, said UBS. Price target is $55.Sprint Nextel (S) was downgraded at Citigroup to neutral from buy. Margin expansion from Network Vision is priced in, said Citigroup. Price target is now $7.50. Sprint Nextel was upgraded at Deutsche Bank to buy from hold. New analyst has an $8 price target. Company will be the king of new spectrum and can drive above-average growth over the next few years, Deutsche Bank said. Tenet Healthcare (THC) was initiated with a hold rating at Keybanc. Valuation call, as the stock is up 115% over the past year, Keybanc said.
STOCK COMMENTS/EPS CHANGESAmerisourceBergen (ABC) numbers were boosted at Credit Suisse. Shares are now seen reaching $64. WAG deal should add to earnings, Credit Suisse said. Outperform rating. Allergan (AGN) price target was reduced at Lazard Capital Markets. Shares are now seen reaching $100. Restasis could face increased competition from generics, Lazard Capital Markets said. Buy rating. Axiall (AXLL) numbers were cut at UBS. Earnings estimates were reduced on weak demand and operation issues, said UBS said. Price target is reduced to $44. CBS (CBS) price target was raised at Citigroup to $54. Reflects buyback enthusiasm, said Citigroup. Family Dollar (FDO) numbers were raised at Goldman Sachs. Shares are now seen reaching $69. Estimates were also increased, as the company is realizing better operating leverage, Goldman Sachs said. Neutral rating. Mead Johnson Nutrition (MJN) numbers were cut at Citigroup. Estimates were reduced given ongoing issues in Hong Kong, dairy inflation and China price pressures, said Citigroup. Price target goes to $77. National Retail (NNN) estimates were raised at UBS. Reflect the recent financing and increased acquisition estimates, said UBS. Price target is $33.50. Occidental Petroleum (OXY) price target was boosted at Citigroup to $93. A potential breakup should lead to limited upside in the stock, Citi said. Synchronoss (SNCR) was added to the Best Ideas List at Wedbush. Pullback has created an attractive buying opportunity, Wedbush said. Outperform rating and $35 price target. >To submit a news tip, email: firstname.lastname@example.org. Follow TheStreet on Twitter and become a fan on Facebook.
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