Raytheon was upgraded at Drexel Hamilton to buy. Twelve-month price target is $108. Pension results have now become an earnings tailwind, Drexel Hamilton said.
Suncoke (SXC) was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target is $24. Company has multiple potential catalysts for 2014, Credit Suisse said.
Tetra Tech (TTEK) was upgraded at Robert Baird to outperform from neutral. Twelve-month price target is $36. Company generates strong cash flow and can improve leverage, Robert Baird said.
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American Electric Power (AEP) price target, EPS estimates were boosted at UBS. Driven by upcoming rate relief and a continued focus on FERC formula rate transmission spending, UBS said. Twelve-month price target is $48. Neutral rating.
Alexion Pharmaceuticals (ALXN) price target, EPS estimates were boosted at Jefferies. Shares are now seen reaching $145 over 12 months. Driven by strong Soliris sales and significantly lower tax rates, Jefferies said. Hold rating.
Amazon (AMZN) price target was cut at UBS. Driven by surprise deceleration in revenue growth, UBS said. Twelve-month price target is now $450. Buy rating.
Ball (BLL) price target was raised at Jefferies. Pricing headwind in China is contained, and Brazil risk is more manageable, Jefferies said. Twelve-month price target is $52. Hold rating.
Chubb (CB) price target, EPS estimates were decreased at UBS. Price hikes slow down in commercial, with loss cost trends exceeding, UBS said. Twelve-month price target is now $99. Buy rating.