Analysts' Actions: BBT CVC ETN PEG EW
NEW YORK (
) --
CHANGE IN RATINGS
Air Products
(APD) - Get Report
downgraded at BofA/Merrill from Buy to Neutral, Bank of America/Merrill Lynch said. $86 price target. Company is facing margin and volume pressure in its merchant gas business.
BB&T
(BBT) - Get Report
downgraded at Sterne Agee from Buy to Neutral, Sterne Agee said. $32 price target. Estimates also cut, given the weaker economy and lower expected net interest margin.
BB&T upgraded at Citigroup to Buy from Neutral, Citigroup said. $35 price target. Increased transparency on purchase accounting.
Beam
(BEAM)
upgraded at Morgan Stanley to Overweight, Morgan Stanley said. $64 price target. Recent pullback has created an attractive buying opportunity.
Cliffs Natural
(CLF) - Get Report
downgraded at Deutsche from Buy to Hold, Deutsche Bank said. Valuation call, based on a $45 price target.
Cablevision
(CVC)
upgraded at BofA/Merrill from Hold to Buy, Bank of America/Merrill Lynch said. Company will likely raise rates, leading to higher sales in 2013. $23 price target.
DDR Corp
(DDR)
downgraded at UBS to Neutral from Buy, UBS said. $16 price target. Catalysts are in the rear view mirror.
Eaton
(ETN) - Get Report
upgraded at MKM to Buy, MKM Partners said. Valuation call, based on a $57 price target.
Edwards Lifesciences
(EW) - Get Report
downgraded at Citigroup to Neutral from Buy, Citigroup said. $95 price target. EU issues will likely linger and impact near term ramp.
Owens & Minor
(OMI) - Get Report
downgraded at UBS to Sell from Neutral, UBS said. Negative datapoints for OMI's customer base.
Public Service
(PEG) - Get Report
downgraded at Credit Suisse from Neutral to Underperform, Credit Suisse said. $28.50 price target. Company is least leverages to a cyclical recovery in power demand.
Texas Industries
(TXI)
upgraded at Sterne Agee from Underperform to Neutral, Sterne Agee said. Company is a potential takeover target.
United Natural
(UNFI) - Get Report
rated new Neutral at Goldman. Valuation call, based on a $57 price target.
Wendy's
(WEN) - Get Report
rated new Neutral at Credit Suisse. Company lacks visibility and will be hurt by higher beef costs. $4.50 price target.
Wright Express
( WXS) upgraded at JP Morgan from Underweight to Neutral, JP Morgan said. $76 price target. Estimates also boosted, given higher gas prices and the recent Fleet One purchase.
Dentsply
(XRAY) - Get Report
downgraded at UBS to Sell from Neutral, UBS said. $35 price target. Recent negative datapoints from Nobel and Align.
STOCK COMMENTS / EPS CHANGES
Air Products
(APD) - Get Report
target lowered at Jefferies to $94, Jefferies said. Shares will be range- bound into spring. Buy rating.
City National
(CYN)
numbers raised at BMO. Shares of CYN now seen reaching $53, according to BMO Capital. Estimates also increased, as the company is seeing higher fee income. Market Perform rating.
Edwards Lifesciences
(EW) - Get Report
numbers reduced at Credit Suisse. Shares of EW now seen reaching $96, according to Credit Suisse. Estimates also cut, given lower TAVI expectations. Neutral rating.
Edwards Lifesciences numbers lowered at Jefferies. Shares of EW now seen reaching $100, Jefferies said. Estimates also lowered on near- term challenges. Buy rating.
Hain Celestial
(HAIN) - Get Report
numbers raised at Canaccord. Shares of HAIN now seen reaching $66, according to Canaccord. Estimates also increased, given the recent acquisition. Buy rating.
Honeywell International
(HON) - Get Report
target raised at Oppenheimer to $71, Oppenheimer said. Operating momentum greases multiple potential. Outperform rating.
Kroger
(KR) - Get Report
estimates, target raised at Goldman. Shares of KR now seen reaching $23, according to Goldman Sachs. Estimates also increased, given higher realized growth trends. Sell rating.
Manpower
(MAN) - Get Report
estimates, target boosted at Credit Suisse. Shares of MAN now seen reaching $46, according to Credit Suisse. Estimates also upped, as higher sales are boosting margins. Outperform rating.
McDonald's
(MCD) - Get Report
estimates, target cut at Lazard. Shares of MCD now seen reaching $101, according to Lazard. Estimates also reduced, as the company is facing increased competition. Buy rating.
Parker Hannifin
(PH) - Get Report
numbers cut at Credit Suisse. Shares of PH now seen reaching $87, according to Credit Suisse. Estimates also reduced, given the company's new guidance. Outperform rating.
Polaris
(PII) - Get Report
estimates, target boosted at BMO. Shares of PII now seen reaching $105, according to BMO Capital. Estimates also upped, given the company's sales momentum. Outperform rating.
Schlumberger
(SLB) - Get Report
estimates, target increased at Guggenheim. SLB estimates were raised through 2013, Guggenheim said. Deepwater exploration demand remains strong. Buy rating and new $90 price target.
Valmont
(VMI) - Get Report
estimates, target upped at DA Davidson. VMI estimates were boosted through 2013, DA Davidson said. Company has solid business visibility. Buy rating and new $160 price target.
>To submit a news tip, email:
.
READERS ALSO LIKE:
>>Buy on Apple's Dip Ahead of Earnings
>>Worry Less About Google, More About Microsoft
Follow
TheStreet
on
and become a fan on
This article was written by a staff member of TheStreet.
