NEW YORK ( TheStreet) -- CHANGE IN RATINGS
Big Lots (BIG) was upgraded to buy at TheStreet Ratings.
Cisco Systems (CSCO) was upgraded at ISI Group to neutral from cautious. Valuation is improving, but need to see the low-$20's to become more constructive, ISI Group said.
MDC (MDC) was upgraded at Sterne Agee to buy from neutral. $36 price target. Valuation call, as the company has easy comps, Sterne Agee said.Medicines Company (MDCO) was upgraded at Bank of America/Merrill Lynch. $40 price target. Company has expanded its platform and can drive revenue synergies, BofA/Merrill said. (SNV) was downgraded at Drexel Hamilton to hold from buy. Valuation call, based on a $3.50 price target, Drexel Hamilton said. Suntrust (STI) was upgraded to buy from hold at Drexel Hamilton. $40 price target. Company should increase capital distributions, Drexel Hamilton said. Teekay (TK) was downgraded to hold at TheStreet Ratings.
Stock Comments / EPS ChangesAgilent Technologies (A) numbers were raised at Citigroup. Estimates were raised given strong cost controls, said Citi. Price target is boosted to $53. Cisco (CSCO) estimates were raised at UBS. Earnings estimates were boosted slightly to reflect a headcount reduction, said UBS. Price target is $28.50. Dillard's (DDS) estimates, price target were lowered at Credit Suisse. Shares are now seen reaching $93. Estimates were also cut, as inventory levels remain elevated, Credit Suisse said. Outperform rating. (LMCA) numbers were reduced at Lazard Capital Markets. Shares are now seen reaching $177. Estimates were also cut, given lower investment values and a recent debt sale, Lazard Capital Markets said. Buy rating. Macy's (M) estimates were lowered at UBS. Earnings estimates were reduced given sluggish sales trends and lower lower operating leverage, said UBS. Price target is $50. NetApp (NTAP) estimates were lowered at UBS. Earnings estimates were reduced as the storage spending turnaround is not yet occurring, said UBS. Price target is $42. Pinnacle Foods (PF) numbers were increased at BMO Capital Markets. Estimates also raised, as the company is expanding margins, BMO Capital Markets said. Outperform rating and new $30 price target.
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