Analysts' Actions: AMAT, BA, BHI, CAM
NEW YORK (
) --
CHANGE IN RATINGS
Applied Materials
(AMAT) - Get Report
was initiated with a Hold rating at Deutsche Bank. $10 price target. Company lacks near-term visibility, Deutsche Bank said.
Boeing
(BA) - Get Report
was initiated with a Buy rating at Sterne Agee. $82 price target. Company should soon see production increases across the board, Sterne Agee said.
Baker Hughes
(BHI)
was initiated with a Buy rating at Jefferies. $65 price target. Recently rounded out product offerings, Jefferies said.
Cameron International
(CAM)
was initiated with a Buy rating at Jefferies. $65 price target. Well-positioned to benefit from secular growth trends in the deepwater market, Jefferies said.
Core Laboratories NV
(CLB) - Get Report
was initiated with a Hold rating at Jefferies. $102 price target. Current valuation limits further upside, Jefferies said.
Rockwell Collins
(COL)
was initiated with a Neutral rating at Sterne Agee. Company is leveraged to slowing demand from defense end-markets, Sterne Agee said.
DuPont
(DD) - Get Report
was initiated with a Neutral rating at UBS. $44.50 price target. Company's profits are highly dependent on the global economy, UBS said.
Dillard's
(DDS) - Get Report
was downgraded at Sterne Agee from Buy to Neutral. $47 price target. Margin story appears to be over, Sterne Agee said.
Dril-Quip
(DRQ) - Get Report
was initiated with a Hold rating at Jefferies. $67 price target. Justified premium with industry-leading margins and consistent earnings growth, Jefferies said.
Devon Energy
(DVN) - Get Report
was initiated with an Outperform rating at Robert Baird. $83 price target. Company can continue to deliver solid growth, Robert Baird said.
FMC Technologies
(FTI) - Get Report
was initiated with a Hold Rating at Jefferies. $51 price target. Stock is fairly valued, Jefferies said.
Foster Wheeler
(FWLT)
was initiated with a Neutral rating at Lazard Capital. Company has recently lost some projects, though the new CEO has the potential to turn the business around, Lazard said.
Genworth Financial
(GNW) - Get Report
was upgraded at Citigroup from Neutral to Buy. $8 price target. Valuation call, Citigroup said.
Halliburton
(HAL) - Get Report
was initiated with a Buy rating at Jefferies. $47 price target. Shares are oversold and trading at a 35%-40% discount to their five-year average, Jefferies said.
Honeywell
(HON) - Get Report
was upgraded at Sterne Agee from Neutral to Buy. New analyst believes that the company can deliver consistent double-digit growth, Sterne Agee said. $69 price target.
Helmerich & Payne
(HP) - Get Report
was initiated with a Hold rating at Jefferies. $59 price target. Premium nature of company's rig fleet is adequately captured, Jefferies said.
KLA-Tencor
(KLAC) - Get Report
was initiated with a Hold rating at Deutsche Bank. $38 price target. Bookings recovery could be pushed out, Deutsche said.
Nabors Industries
(NBR) - Get Report
was downgraded at Jefferies. $19 price target. Moderating NAM land rig and pressure pumping expectations, Jefferies said.
National Oilwell Varco
(NOV) - Get Report
was initiated with a Buy rating at Jefferies. $88 price target. Leveraged to continuation of new-build cycle, Jefferies said.
Oceaneering International
(OII) - Get Report
was rated new Hold at Jefferies. $48 price target. Concerned with capacity overhang in subsea umbilical market, Jefferies said.
Oil States International
(OIS) - Get Report
was initiated with a Buy rating at Jefferies. $95 price target. Broad diversification provides stability, Jefferies said.
PPG Industries
(PPG) - Get Report
was upgraded from Hold to Buy at Keybanc. $100 price target. Upcoming capital markets day should generate positive momentum for the company, Keybanc said.
Patterson-UTI Energy
(PTEN) - Get Report
was downgraded at Jefferies from Buy to Hold. $22 price target. Moderating NAM land rig and pressure pumping expectations, Jefferies said.
Research In Motion
( RIM) was upgraded at Bernstein Research from Underperform to Market Perform. Valuation call, based on a $16 price target, Bernstein said.
Schlumberger
(SLB) - Get Report
was initiated with a Buy rating at Jefferies. $90 price target. Highly leveraged to a continued recovery in drilling and long-term growth of deepwater drilling, Jefferies said.
SeaCube Container Leasing
(BOX) - Get Report
was initiated with a Sell rating at TheStreet Ratings.
Superior Energy Services
(SPN)
was initiated with a Buy rating at Jefferies. $40 price target. Remains attractively valued, Jefferies said.
Susquehanna Bancshares
(SUSQ)
was upgraded at Sterne Agee from Neutral to Buy. $9.50 price target. Valuation call and cost reductions, Sterne Agee said.
Symetra
(SYA)
was upgraded from Underperform to Neutral at Bank of America/Merrill Lynch. Investment spreads remain stable, and the company is trading at half of book value, BofA/Merrill Lynch said. $13 price target.
United Natural Foods
(UNFI) - Get Report
was upgraded at Jefferies from Hold to Buy. Valuation is now attractive, Jefferies said.
US Global Investors
(GROW) - Get Report
was upgraded to Buy at TheStreet Ratings.
Vera Bradley
(VRA) - Get Report
was initiated with a Neutral rating at JP Morgan. Valuation call, despite the company's solid growth potential, JP Morgan said.
Weatherford
(WFT) - Get Report
was initiated with a Buy rating at Jefferies. $21 price target. Favorable North American portfolio, Jefferies said.
STOCK COMMENTS / EPS CHANGES
Copano Energy
( CPNO) estimates were lowered at UBS through 2012. Waiting for Eagle Ford upside. Maintain $33 price target and Neutral rating, UBS said.
D.R. Horton
(DHI) - Get Report
estimates were lowered at UBS through 2013. Slower margin expansion in a gradual recovery, UBS said. Maintain $13 price target and Buy rating.
DCP Midstream
(DPM)
estimates and target were increased at UBS. Shares are now seen reaching $45. Estimates were also increased on improving distributions story. Maintain $45 price target and Neutral rating, UBS said.
Guess
(GES) - Get Report
estimates, target were cut at Brean Murray. Shares are now seen reaching $39. Estimates also reduced, given the company's exposure to Europe, Brean Murray said.
Sandisk
(SNDK)
estimates, target were lowered at Sterne Agee. Shares are now seen reaching $55. Estimates were also cut, given weaker demand in Europe, Sterne Agee said. Neutral rating.
St. Jude Medical
(STJ)
numbers were lowered at UBS. Shares are now seen reaching $42. Estimates also lowered on lower market valuations and ICD market uncertainty, UBS said. Buy rating.
Seagate
(STX) - Get Report
estimates, target were raised at Goldman Sachs. Shares are now seen reaching $15. Estimates were also increased, as the company is realizing higher margins. Neutral rating.
VF Corp.
(VFC) - Get Report
numbers were increased at Morgan Stanley. Estimates were raised through 2013. TBL should continue to augment growth, Morgan Stanley said. Overweight rating and new $152 price target.
Whirlpool
(WHR) - Get Report
target was reduced at Goldman Sachs. Shares are now seen reaching $35. Channel checks show increased promotions for appliances, Goldman said. Sell rating.
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This article was written by a staff member of RealMoney.com.
