Alcoa, Level 3: Analysts' New Ratings
Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (
) --
CHANGE IN RATINGS
Alcoa
(AA) - Get Alcoa Corporation Report
downgraded at BMO to Underperform, BMO Capital said. $15 price target. Company's cash flow is disappointing.
Abercrombie & Fitch
(ANF) - Get Abercrombie & Fitch Co. Class A Report
downgraded at Argus from Buy to Hold, Argus Research said. Valuation call.
Aon
(AON) - Get Aon Plc Class A Report
downgraded at Sterne Agee from Buy to Neutral, Sterne Agee said. Valuation call, based on a $60 price target.
Biogen Idec
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upgraded at BofA/Merrill from Neutral to Buy, Bank of America/Merrill Lynch said. $89 price target. Expect better growth from the company's MS drug.
Blackstone
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rated new Outperform at JMP Securities. $21 price target. Company is market leader and posting better returns.
CB Richard Ellis Group
(CBG)
upgraded at BofA/Merrill to Buy from Neutral as lending standards should support increasing transaction volumes in 2011 and 2012, Bank of America/Merrill Lynch said. Price target lifted to $32.
Dillard's
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rated new Buy at Sterne Agee. $52 price target. Company is underfollowed and in the midst of a turnaround.
Diodes
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upgraded at ThinkEquity from Hold to Buy, ThinkEquity said. $37 price target. Tighter discrete market should help near-term results.
Edison International
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upgraded at BofA/Merrill to Buy. $43 price target. California regulatory environment remains favorable.
Edison International
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upgraded at BofA/Merrill to Buy from Neutral. Favorable regulation environment, compelling utility story, and valuation, Bank of America/Merrill Lynch said. Price target raised to $43.
Starwood Hotels
(HOT)
rated new Overweight at Morgan Stanley. $71 price target. Expect more rate-led sales growth in the coming quarters.
Jones Lang LaSalle
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upgraded at BofA/Merrill to Buy from Neutral given that US commercial real estate lending standards have peaked, Bank of America/Merrill Lynch said. Price target boosted to $120 from $100.
Level 3 Communications
(LVLT)
upgraded at UBS from Sell to Neutral, UBS said. $1.60 price target. Expect significant synergies from the GLBC deal.
Marriott
(MAR) - Get Marriott International, Inc. Class A Report
rated new Equal-weight at Morgan Stanley. Valuation call, based on a $38 price target.
Qlik Technologies
(QLIK)
rated new Neutral at Baird. Valuation call, based on a $30 price target.
Ryder Systems
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rated new Outperform at Wells Fargo. Company is positioned well for the next industry cycle.
WMS Industries
(WMS) - Get Advanced Drainage Systems, Inc. Report
numbers lowered at Goldman. WMS estimates were cut through 2013, Goldman Sachs said. Company lowered its guidance. Sell rating and new $27 price target.
WMS Industries
(WMS) - Get Advanced Drainage Systems, Inc. Report
downgraded at Jefferies from Buy to Hold, Jefferies said. Company appears to be facing its own challenges, on top of slower industry demand. $36 price target.
End of report.
This article was written by a staff member of TheStreet.
