Madison Square Garden (MSG) was downgraded at Needham to hold from buy. Management transition adds risk for investors, Needham said.
Procter & Gamble (PG) was initiated at UBS with a neutral rating. New productivity emphasis good, but pricing and Beauty remain hurdles, UBS said. Twelve-month price target is $81.
PulteGroup (PHM) was upgraded at Keybanc to buy from hold. Twelve-month price target is $26. Efficiency is improving and the company is attractively valued, relative to its peers, Keybanc said.
SunEdison (SUNE) was upgraded at Morgan Stanley to overweight. Twelve-month price target is $24. Commerical-scale market is large and growing, Morgan Stanley said.Tenneco (TEN) was initiated at UBS with a buy rating. Beneficiary of growth in global emissions content, UBS Said. Twelve-month price target is $70. (WBMD) was downgraded at Stifel Nicolaus to hold from buy. Several advertising metrics have turned negative at the same time, Stifel Nicolaus said.
Stock Comments / EPS Changes Avery Dennison (AVY) was added to the US 1 List at Bank of America/Merrill Lynch. Twelve-month price target is $59. Company should generate higher earnings growth than its peers, BofA/Merrill said. eBay (EBAY) price target was increased at UBS. Driven by BRIC expansion, growth in key international markets, revamped search capability and branded online storefronts, UBS said. Twelve-month price target is $67. Huntington Ingalls (HII) numbers were increased at Credit Suisse. Estimates were raised through 2015. Company is expanding margins, Credit Suisse said. Neutral rating and new 12-month price target of $104. Legg Mason (LM) price target was increased at Jefferies. Outlook for growth to modestly improve, Jefferies said. Twelve-month price target is $46. Hold rating. The Fresh Market (TFM) price target, EPS estimates were cut at Jefferies. Weather disruptions and new market traffic problems persist, Jefferies said. Twelve-month price target is $36. Hold rating. United Technologies (UTX) price target was raised at UBS. Driven by UTX's smaller pension deficit, UBS said. Twelve-month price target is $130. Buy rating.
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