Norfolk Southern (NSC) was upgraded at Wells Fargo to outperform from market perform. Estimates were also increased, as the company is cutting costs, Wells Fargo said.
NetApp (NTAP) was upgraded at Piper Jaffray to overweight from neutral. Twelve-month price target is $52. Demand trends are improving, Piper Jaffray said.
NVR (NVR) was downgraded at Sterne Agee to neutral from buy. Valuation call, based on a 12-month price target of $1,150, Sterne Agee said.
Palo Alto (PANW) was upgraded at Wells Fargo to outperform. Increased confidence in the company's fundamental outlook, Wells Fargo said.(SFG) was downgraded at Goldman Sachs to sell from neutral. Valuation call, based on a 12-month price target of $66. Wesco (WCC) was downgraded at MKM Partners to neutral from buy. Valuation call, based on a 12-month price target of $90. Zynga (ZNGA) was downgraded at Bank of America/Merrill Lynch to underperform. Valuation call, based on a 12-month price target of $3.80, Bank of America/Merrill Lynch said. Stock Comments / EPS Changes Chevron (CVX) 12-month price target, earnings estimates were cut at UBS. Chevron decreased its numbers through 2015, UBS said. Disappointing 2014 production pressures long-term volume target, UBS said. Twelve-month price target is now $120. Neutral rating. Manitowoc (MTW) price target, EPS estimates were lifted at UBS. Manitowoc boosted numbers through 2015, UBS said. Crane orders are up 30% year over year and backlog was up 1% sequentially, UBS said. Twelve-month price target is $30. Neutral rating. Newmont Mining (NEM) numbers were cut at Sterne Agee. Twelve-month price target is now $30. Estimates were also reduced, given the company's new guidance, Sterne Agee said. Buy rating.
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