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CHANGE IN RATINGS
downgraded at Jefferies to Hold from Buy, Jefferies said. LME aluminum inventories are near record highs.
downgraded at Leerink to Market Perform, Leerink Swann said. Stock is up 30% since last October and appears fairly valued ahead of the upcoming business split.
Access Midstream Partners
upgraded at Citigroup to Buy from Neutral, Citigroup said. $35 price target. Improved drop down visibility and counterparty risk profile.
A.H. Belo Corporation
upgraded to hold at TheStreet Ratings.
rated new Equal-weight at Morgan Stanley. More upside potential in other chemical "Big Ideas."
downgraded at Miller Tabak from Buy to Neutral, Miller Tabak said. $41 price target. Estimates also cut, given lower expected near-term demand.
downgraded to hold at TheStreet Ratings.
rated new Neutral at Deutsche. $16 price target. Company will struggle to receive a higher multiple.
upgraded at Think Equity to Buy from Hold, Think said. $50 price target. ESM business has bottomed.
upgraded at RBC from Sector Perform to Outperform, RBC Capital said. $46 price target. Company has a solid product pipeline.
downgraded at Leerink to Market Perform, Leerink Swann said. $6 price target. Company will struggle to grow in declining markets.
rated new Neutral at Citigroup. $64 price target. Still in transition with plenty of energy.
downgraded at Miller Tabak from Buy to Neutral, Miller Tabak said. $16 price target. Company is leveraged to slower macro growth.
downgraded at RBC from Outperform to Sector Perform, RBC Capital said. $24 price target. PC market faces near-term headwinds.
upgraded at Goldman from Neutral to Buy, Goldman Sachs said. Company also placed on the Conviction List. $42 price target. Expect value from a likely REIT conversion.
upgraded at Think to Buy from Hold, ThinkEquity said. $67 price target. Steady IT spending trends.
downgraded at Jefferies to Underperform from Hold, Jefferies said. $19 price target. Poor execution.
downgraded at Credit Suisse from Outperform to Neutral, Credit Suisse said. Valuation call, based on a $65 price target.
downgraded at RBC from Outperform to Sector Perform, RBC Capital said. $15 price target. Slower PC growth could weigh on the next few quarters.
upgraded at BofA Merrill to Neutral from Underperform, Bank of America Merrill Lynch said. $65 price target. Shares appear fairly valued.
downgraded at Miller Tabak to Hold from Buy, Miller Tabak said. $172 price target. Valuation call.
rated new Buy at Guggenheim. $130 price target. FDA could approve for drug classes for over-the-counter status.
downgraded at Credit Suisse from Outperform to Neutral, Credit Suisse said. $53 price target. Higher industry capacity could hurt margins.
downgraded at Jefferies. Shares of SCHN now seen reaching $31, Jefferies said. $31 price target. Steel prices poised for a material pull back.
downgraded at Miller Tabak from Buy to Neutral, Miller Tabak said. Valuation call, based on a $41 price target.
downgraded at RBC from Outperform to Sector Perform, RBC Capital said. $28 price target. Company is seeing lower end-market demand.
rated new Buy at Guggenheim. $100 price target. Large generics should benefit from new legislation.
STOCK COMMENTS / EPS CHANGES
estimates, target raised at Sterne Agee. Shares of AAPL now seen reaching $840, according to Sterne Agee. Estimates also increased, given higher realized iPhone sales. Buy rating.
Apple estimates, target increased at BofA/Merrill.AAPL estimates were raised through 2014, Bank of America/Merrill Lynch said. Expect higher demand for the iPhone 5. Buy rating and new $850 price target.
estimates upped at Topeka through 2013, Topeka Capital Markets said. Kindle Fire HD can drive near-term growth. Buy rating and $400 price target.
numbers raised at UBS. Shares of ATU now seen reaching $34, UBS said. Estimates also increased post management visit. Buy rating.
estimates, target reduced at Credit Suisse. Shares of BA now seen reaching $87.50, according to Credit Suisse. Estimates also cut, given pension headwinds. Outperform rating.
Bed Bath & Beyond
numbers raised at UBS. Shares of BBBY now seen reaching $72.60, UBS said. Estimates also increased as shares reflect more optimism since Q1 results. Neutral rating.
target raised at Oppenheimer to $58, Oppenheimer said. Multiple accretion looks solid. Outperform rating.
numbers raised at BMO Capital. Shares of HNT now seen reaching $17, BMO said. Estimates also raised on surge of dual enrollment. Underperform rating.
numbers raised at Jefferies. Shares of HUN now seen reaching $16, Jefferies said. Estimates also raised on cost- cutting tailwinds. Hold rating.
numbers raised at Oppenheimer. Shares of QCOR now seen reaching $69, Oppenheimer said. Estimates also raised following positive commentary. Outperform rating.
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This article was written by a staff member of TheStreet.