Analysts' Actions -- GameStop, Toll Brothers, F5, Kohl's, Abbott
CHANGE IN RATINGS
Advance Auto (AAP) - Get Report was downgraded from Buy to Neutral at Sterne Agee CRT. Company will likely continue to lose market share in the coming quarters.
Abbott (ABT) - Get Report was downgraded from Buy to Neutral at Goldman Sachs. Valuation call, based on a $48 price target.
F5 Networks (FFIV) - Get Report was downgraded from Outperform to Market Perform at William Blair. Company lacks near-term catalysts.
F5 Networks was downgraded from Outperform to Market Perform at JMP Securities. Company has limited potential growth catalysts.
GameStop (GME) - Get Report was downgraded to Sector Perform at Pacific Crest. Estimates also cut, given lower demand for physical gains.
Toll Brothers (TOL) - Get Report was upgraded from Neutral to Overweight at JP Morgan. $45 price target. Stock has lagged, but the company should deliver above-average fundamental results in 2016.
STOCK COMMENTS / EPS CHANGES
Applied Materials (AMAT) - Get Report numbers increased at Credit Suisse. AMAT estimates were raised through 2016. Company's guidance was better than expected. Outperform rating and new $22.50 price target.
Cisco (CSCO) - Get Report estimates, target reduced at BMO. CSCO estimates were cut through 2017. Company is guiding toward lower sales. Outperform rating and new $33 price target.
Nordstrom (JWN) - Get Report estimates, target cut at Credit Suisse. Shares of JWN now seen reaching $60, according to Credit Suisse. Estimates also reduced, as the company is seeing lower sales across the board. Neutral rating.
Kohl's (KSS) - Get Report estimates, target raised at Jefferies. Shares of KSS now seen reaching $58. Estimates also increased, given sales momentum. Buy rating.
Medtronic (MDT) - Get Report added to Conviction Buy List at Goldman Sachs. $90 price target. Company has multiple growth tailwinds heading into 2016.
Wendy's (WEN) - Get Report added to Focus List at Citigroup. Promotion is driving accelerated sales growth. $11 price target.