Analysts' Actions: MSFT PCP TSLA VRTX ZNGA
NEW YORK (
) --
CHANGE IN RATINGS
Harte-Hanks
(HHS) - Get Report
was upgraded to buy at TheStreet Ratings.
Microsoft
(MSFT) - Get Report
was upgraded at Nomura to buy. $38 price target. Shareholder activism could help unlock value, Nomura said.
Precision Castparts
(PCP)
was upgraded at Wells Fargo to outperform from market perform. Company can deliver 15% annual earnings growth over the next several years, Wells Fargo said.
Regeneron
(REGN) - Get Report
was initiated with an outperform rating at Oppenheimer. $300 price target. Eylea should continue to grow and the company is expanding into DME, Oppenheimer said.
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Santaurus
(SNTS)
was downgraded at Leerink Swann to market perform from outperform. $26 price target. Valuation call, as the company trades at a sizable premium to its peers, Leerink Swann said.
Sempra Energy
(SRE) - Get Report
was initiated with a buy rating at Keybanc. $100 price target. Company has a strong growth profile, including exposure to Latin America, Keybanc said.
Speedway Motorsports
(TRK) - Get Report
was downgraded to hold at TheStreet Ratings.
Tesla
(TSLA) - Get Report
was initiated with a hold rating at Stifel Nicolaus. Valuation call, as the company still has little evidence of customer retention or success at lower price points, Stifel Nicolaus said.
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Vertex
(VRTX) - Get Report
was initiated with an outperform rating at Oppenheimer. $105 price target. Cystic Fibrosis treatments can continue to drive growth, Oppenheimer said.
Zynga
(ZNGA) - Get Report
was initiated with a hold rating at Benchmark. $2.98 price target. New management needs to show stabilized Web trends and material mobile acceleration, Benchmark said.
Stock Comments / EPS Changes
American Eagle
(AEO) - Get Report
numbers were cut at BMO Capital. Estimates were reduced through 2014. Management cut guidance, BMO Capital said. Market Perform rating and new $15 price target.
Best Buy
(BBY) - Get Report
numbers were increased at UBS. Estimates were boosted through 2015. Domestic business is positioned well, ahead of the holidays, UBS said. Neutral rating and new $35 price target.
Hewlett-Packard
(HPQ) - Get Report
numbers were reduced at BMO Capital. Shares are now seen reaching $27. Estimates were also cut, given lower operating growth, especially in the enterprise segment, BMO Capital said. Market Perform rating.
Illumina
(ILMN) - Get Report
estimates, price target were boosted at Bank of America/Merrill Lynch. Shares are now seen reaching $90. Estimates were also increased, given higher HiSeq growth and lower expected operating costs, BofA/Merrill said. Buy rating.
Lowe's
(LOW) - Get Report
estimates, price target were raised at BMO Capital. Shares are now seen reaching $50. Estimates were also increased, given the company's new guidance, BMO Capital said. Market Perform rating.
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JM Smucker
(SJM) - Get Report
numbers were increased at Jefferies. Estimates were increased through 2014. Company is seeing higher volume growth, in response to price cuts, Jefferies said. Hold rating and new $101 price target.
Staples
(SPLS)
estimates, price target were reduced at Jefferies. Shares are now seen reaching $14. Estimates were also cut, as the company is seeing slower demand across the board, Jefferies said. Hold rating.
Target
(TGT) - Get Report
estimates, price target were cut at UBS. Shares are now seen reaching $66. Estimates were also reduced, given the company's new guidance, UBS said. Neutral rating.
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This article was written by a staff member of TheStreet.
