Newmont Mining (NEM) was downgraded at Argus to hold from buy. Company reported weak earnings and cut the dividend, Argus said.
Ralph Lauren (RL) was upgraded at Wells Fargo to outperform. Several new initiatives could accelerate growth, Wells Fargo said.
Safeway (SWY) was downgraded at J.P. Morgan to neutral from overweight. Valuation call, as the stock has gained 7% over the past week, J.P. Morgan said.
Unit (UNT) was upgraded at Howard Weil to outperform from sector perform. Twelve-month price target is $69. Company delivered an impressive quarter and has a lot of operating momentum, Howard Weil said.
United States Steel (X) was upgraded to hold at TheStreet Ratings.
Stock Comments / EPS Changes
Avago Technologies (AVGO) 12-month price target was increased at Jefferies to $60. Driven by 110 basis points of GM and 50 bps of revenue upside, Jefferies said. Hold rating.CB&I (CBI) price target, EPS estimates were raised at UBS. Driven by new major awards, margin mix in backlog and cost reductions. Twelve-month price target is $89. Buy rating. Endurance (EIGI) price target, EPS estimates were raised at Jefferies. Subs and ARPS continue to increase. Twelve-month price target is $22. Buy rating. Expeditors (EXPD) numbers were cut at Credit Suisse. Twelve-month price target is now $44. Estimates were also reduced, as the company is losing operating leverage, Credit Suisse said. Outperform rating.
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