Verizon was initiated with a neutral rating at Credit Suisse. Valuation call, based on a $52 price target, Credit Suisse said.
US Steel (INTU) was initiated with a market perform rating at BMO Capital. $19 price target. Company will be hurt by lower steel pricing, BMO Capital said.
STOCK COMMENTS / EPS CHANGES
Akamai (AKAM) estimates, price target were raised at Oppenheimer. Shares are now seen reaching $60. Estimates were also increased, and better sales and productivity should drive margin growth, Oppenheimer said.
Biogen Idec (BIIB) was added to the US 1 List at Bank of America/Merrill Lynch. Risk/reward is positive ahead of the upcoming Tecfidera decision, BofA/Merrill said. $309 price target.Cummins (CMI) numbers were raised at UBS. Earnings estimates were boosted to reflect better growth from market positions and new products, said UBS. Price target goes to $146. (F) estimates were raised at Citigroup. Estimates were raised to reflect confidence in Asia Pacific shares gains, said Citigroup. Price target is $20. Fairchild Semiconductor (FCS) price target was raised at Citigroup to $18. Conviction on China and new products increases, said Citigroup. Factset (FDS) numbers were raised at UBS. Earnings estimates were raised to reflect a lower tax rate, said UBS. Price target goes to $109. Joy Global (JOY) was downgraded at Robert Baird to neutral from outperform. $55 price target. Mining downturn is not yet priced into the stock, Robert Baird said. Omega Healthcare (OHI) estimates were increased at UBS. Earnings estimates were raised to reflect the sale-leaseback deal with Ark Holdings, said UBS. Price target is $28. Whirlpool (WHR) was added to US 1 List at Bank of America/Merrill Lynch. Company has dominant market share and is leveraged to the housing market recovery, BofA/Merrill said. $175 price target. >To submit a news tip, email: email@example.com. Follow TheStreet on Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV