Maxim (MXIM) was upgraded at Goldman Sachs to buy from neutral. $34 price target. Company was also added to the Conviction List. Stock has lagged the market, but expect to see an inflection point in the consumer business, Goldman Sachs said.
Open Text (OTEX) was upgraded at Credit Suisse to neutral from underperform. $75 price target. Deal environment is improving, Credit Suisse said.
Rockwood (ROC) was downgraded at Bank of America/Merrill Lynch to neutral from buy. $73 price target. Valuation call, as the stock has gained 37% year-to-date, BofA/Merrill said.
Sherwin-Williams (SHW) was upgraded at Credit Suisse to outperform from neutral. $215 price target. Company can exceed consensus expectations in the coming quarters, Credit Suisse said.Torchmark (TMK) was initiated with a buy rating and $80 price target at Deutsche Bank. $80 price target. Estimates are above consensus, as management can unlock shareholder value, Deutsche Bank said. Towers Watson (TW) was upgraded at Deutsche Bank to buy from hold. $125 price target. Company is leveraged to grow from the new health care exchange model, Deutsche Bank said. Ulta Beauty (ULTA) was downgraded at Jefferies to hold from buy. $120 price target. Fundamental strength and EPS upside will persist, but pricing in most of the good news and outlook, Jefferies said.
STOCK COMMENTS / EPS CHANGESAccenture (ACN) price target was boosted at UBS to $80. Reflects a multiple slightly above the industry average, said UBS. Blackberry (BBRY) numbers were cut at Citigroup. Estimates were cut to reflect the significantly worse than expected earnings preannouncement, said Citigroup. Price target was reduced to $7. Valspar (VAL) estimates, price target were reduced at Keybanc. Shares are now seen reaching $79. Estimates were also cut, given lower industrial demand, Keybanc 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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