J.C. Penney (JCP) was upgraded at Wells Fargo to market perform. Company offered solid guidance and will likely not have to seek external financing in the near term, Wells Fargo said.
Nektar (NKTR) was downgraded at MKM Partners to neutral from buy. Twelve-month price target is $13. Valuation call, as the stock is up 53% since early November, MKM Partners said.
Wellcare (WCG) was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target is $70. Stock has underperformed, but appears poised to rebound, Credit Suisse said.
Workday (WDAY) was upgraded at FBR Capital Markets to outperform from market perform. Twelve-month price target is $150. Company is seeing higher sales demand across the board, FBR Capital Markets said.
Weatherford International (WFT) was upgraded at UBS to buy from neutral. Driven by new management team, asset sales, debt reduction and growing FCF, UBS said. Twelve-month price target is $19.
Stock Comments / EPS Changes
Abercrombie & Fitch (ANF) numbers were raised at Oppenheimer. Twelve-month price target is now $50. Estimates were also increased, given the company's new guidance, Oppenheimer said. Outperform rating.
Apache (APA) price target, EPS estimates were cut at UBS. Driven by MBoed being below consensus, UBS said. Twelve-month price target is $86. Neutral rating.
Copart (CPRT) estimates, price target boosted at J.P. Morgan. Twelve-month price target is $38. Estimates were also increased, given higher expected volume growth, J.P. Morgan said. Neutral rating.
Edison International (EIX) price target, EPS estimates were raised at UBS. Edison International increased its own numbers through 2016, UBS said. Saving from SONGS boosts guidance, UBS also said. Twelve-month price target is $54. Neutral rating.
Heico (HEI) estimates, price target were increased at Canaccord Genuity. Business fundamentals are improving, Canaccord Genuity said. Buy rating and new 12-month price target of $69.
Noodles & Company (NDLS) price target, EPS estimates were lowered at Jefferies. Derailed by weather woes, Jefferies said. Twelve-month price target is $36. Hold rating.
Office Depot (ODP) price target, EPS estimates were increased at Jefferies. Synergy potential, though steep, drives target changes, Jefferies said. Twelve-month price target is $5. Hold rating.
TJX Companies (TJX) price target, EPS estimates were cut at UBS. The company lowered its numbers through 2017, UBS said. Weather dampened sales, especially exposure to NE/MW region, UBS said. Twelve-month price target is $72. Buy rating.
Workday 12-month price target was raised at UBS. The company bumped up its numbers, UBS said. Driven mainly by HR pdt with Financial Management readying for a full assault. Twelve-month price target is $121. Buy rating.
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