NEW YORK (
CHANGE IN RATINGS
Bank of New York Mellon
was upgraded to buy from neutral at Citigroup. Price target is $34. The benefit of rising rates on BK's earnings has not been priced into the stock, Citi said.
was upgraded to hold at TheStreet Ratings.
was upgraded at ISI Group to strong buy from buy. $62 price target. Stock is attractive, following a recent pullback, ISI said.
was upgraded at Piper Jaffray to overweight from neutral. Price target increased to $68. Improving UGG orders and margin expansion should drive EPS growth, Piper Jaffray said.
was downgraded at Sterne Agee to neutral from buy. Shares are trading at the price target of $80 and at historically high multiples, Sterne Agee said. Downgraded on valuation.
was downgraded at Sterne Agee to neutral from buy. Currently trading above the price target of $74. All seeable catalysts are priced into the stock, and several near-term sales issues persist, Sterne Agee said.
was downgraded at Wedbush to neutral from outperform. Wet weather as well as an increase in competition has negatively affected U.S. sales, Wedbush said. Price target decreased to $58.
was downgraded at DA Davidson to neutral from buy. Valuation call, based on a $110 price target, DA Davidson said.
was upgraded to hold at TheStreet Ratings.
was upgraded at Stifel Nicolaus to buy from hold. $110 price target. Company is facing tough comps, but new products should drive growth in 2014 and beyond, Stifel Nicolaus said.
was downgraded at Credit Suisse to neutral from outperform. Valuation call, based on a $40 price target, Credit Suisse said.
was downgraded at Piper Jaffray to neutral from overweight. Valuation call, based on a $35 price target.
was downgraded at BMO Capital to market perform from outperform. $35 price target. Company will be hurt by lower gold prices, BMO Capital said.
was upgraded at ISI Group to neutral from cautious. $39.50 price target. NVS acquisition should add to earnings and the company is buying back stock, ISI said.
was downgraded at Lazard Capital Markets to neutral from buy. Advantages in flagship smartphone solutions will likely diminish, Lazard Capital Markets said.
was downgraded at Wunderlich to hold from buy. Valuation call, Wunderlich said.
was downgraded at Sterne Agee to neutral from buy. Currently trading at the price target of $51, Sterne Agee said. No further catalysts seen for multiple growth.
was upgraded at Stifel Nicolaus to buy from hold. $92 price target. Americas business should benefit from a better wealth effect, and metals prices have fallen, Stifel Nicolaus said.
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was downgraded at J.P. Morgan to neutral from overweight. Company will likely post slower earnings growth, J.P. Morgan said.
was downgraded at Credit Suisse to neutral from outperform. Valuation call, based on a $15 price target, Credit Suisse said.
was downgraded at UBS to neutral from buy. $40 price target. Valuation call, as the stock has outperformed the market by 91% this year, UBS said.
was initiated with a buy rating at MKM Partners. $36 price target. Seeing signs for a long-awaited turnaround, MKM Partners said.
STOCK COMMENTS/EPS CHANGES
numbers were raised at Jefferies. Shares are now seen reaching $75. Estimates were also increased, given a better credit and spending outlook, Jefferies said. Hold rating.
estimates were reduced at UBS through 2014. Expect the company to lower its near-term guidance, UBS said. Neutral rating and $22.50 price target.
numbers were boosted at Drexel Hamilton. Shares are now seen reaching $64. Estimates were also increased, given the company's new outlook, Drexel Hamilton said. Buy rating.
numbers were increased at UBS. Estimates were raised through 2014. Company is leveraged to better industry fundamentals, UBS said. Buy rating and new $1035 price target.
estimates were increased at UBS through 2014. Expect higher 4G/LTE sales and margins, UBS said. Buy rating and $76 price target.
numbers were raised at Canaccord. Earnings estimates were raised on upcoming product introductions and gross margin expansion, said Canaccord. Price target was increased to $70.
numbers were increased at Morgan Stanley. Estimates were raised through 2015. Company is leveraged to housing and interest rate tailwinds, Morgan Stanley said. Equal-weight rating and new $44 price target.
numbers were boosted at Credit Suisse. Shares are now seen reaching $77. Estimates were also increased, given increased confidence in China's recovery, Credit Suisse said. Outperform rating.
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This article was written by a staff member of TheStreet.