Sinclair Broadcast (SBGI) was downgraded at Wells Fargo to market perform. Sector is facing increased regulatory scrutiny, Wells Fargo said.
Constellation Brands (STZ) was downgraded at Goldman Sachs to neutral from buy. Twelve-month price target is $88. Company lacks near-term catalysts, Goldman Sachs said.
TC PipeLines (TCP) was upgraded at UBS to buy from neutral. Drop-downs of gas assets used to fund internal growth projects, UBS said. Twelve-month price target is $51.
Stock Comments / EPS ChangesAvago Technologies (AVGO) price target was lifted at UBS. FBAR filter products will driver overall top-line growth. Twelve-month price target is now $70. Buy rating. Baxter (BAX) was cut from the Conviction Buy List at Goldman Sachs. Twelve-month price target is $77. Company is facing supply constraints, Goldman said. Fortinet (FTNT) estimates, price target were raised at Oppenheimer. Shares are now seen reaching $28. Estimates were also increased, following positive channel checks, Oppenheimer said. Hyatt (H) estimates, price target were boosted at Bank of America/Merrill Lynch. Shares are now seen reaching $60. Estimates were also increased, given higher expected room growth, BofA/Merrill said. Buy rating. VeriFone Systems (PAY) price target was increased at Jefferies. Driven by increased fiscal 2014 guidance and increased visibility and improvement in management execution, Jefferies said. Twelve-month price target is $38. Buy rating.
Follow TheStreet on Twitter and become a fan on Facebook
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV