NEW YORK (TheStreet) -- CHANGE IN RATINGS
was initiated with an Overweight rating at Morgan Stanley. Company has a ample bromine holdings and should continue to see strong demand. $52 price target.
was downgraded from Buy to Hold at Deutsche Bank. Valuation call, as the stock is up 18% year to date.
downgraded to Hold from Buy at Canaccord Genuity because of terms of EnhancedView contract. Price target cut to $35 from $37.
Johnson & Johnson
downgraded at Morgan Stanley to Equal-Weight from Overweight on lower pharmaceutical growth and fewer leverage opportunities.
was downgraded from Outperform to Market Perform at FBR Capital Markets said. $75 price target. Stock lacks near-term catalysts.
was downgraded at Deutsche Bank from Buy to Hold. Stock is up 31% year to date, and industry activity appears to be slowing in Europe.
( WFMI) was upgraded from Neutral to Buy at UBS. $45 price target. Post-earnings pullback has created a buying opportunity. Estimates also boosted, given improved cost leverage.
STOCK COMMENTS / EPS CHANGES
Clear Channel Outdoor
price target increased to $14 from $12 at Barclays. CCO buyback, given limited liquidity in CCO shares, will likely provide support, Barclays said. Reiterate Equal Weight rating.
price target raised to $35 from $33 at Citigroup after the company posted strong second-quarter earnings. Reiterate Hold rating.
price target raised at Citi to $34 from $30 as the company entered into a 10-year, $3.55 billion agreement with the National Geospatial-Intelligence Agency (NGA) to provide satellite imagery for defense and intelligence use. Maintain Hold rating.
shares now seen reaching $39 at Morgan Stanley. Estimates also increased, as the company's EnhancedView contract will be larger than expected. Overweight rating.
price target raised to $28 from $26 at Citigroup after the company acquired their Opana drug partner, Penwest. Acquisition makes strategic and financial sense, Citigroup said. Maintain Hold rating.
Essex Property Trust
price target boosted to $114 from $107 at Barclays. Company reported strong second-quarter results and remains active on the external expansion front, Barclays said. Maintain Overweight rating.
Global Geophysical Services
price target cut at Credit Suisse to $12 from $13. Credit Suisse noted more conservative client margin assumptions and lower non-North America proprietary contribution. Maintain Outperform rating.
estimates, target boosted at Piper Jaffray. Shares now seen reaching $30. Estimates also upped, as accelerating sales growth is driving higher margins. Overweight rating.
Grand Canyon Education
price target reduced at Credit Suisse to $22 from $26. Solid second-quarter results, but regulatory hair remains, Credit Suisse said. Maintain Neutral rating.
estimates, target lowered at Oppenheimer. Shares of MKL now seen reaching $312. Estimates also cut, because of lower expected favorable development. Underperform rating.
estimates increased through 2011 at Sterne Agee. SWSI purchase should add to earnings. Buy rating and $26 price target.
numbers increased through 2012 at Morgan Stanley. Company is seeing strong bookings, driven by larger incremental customer spending. Overweight rating and new $27 price target.
price target trimmed by a dollar to $7 at Credit Suisse. Weak gas prices with a higher-cost model have muddled SD's transition to a higher-margin oil producer, Credit Suisse said. Neutral rating.
price target raised at Barclays by a dollar to $10. In-line second-quarter results with 2011 guidance well above expectations, Barclays said. Maintain Equal Weight rating.
estimates increased through 2011 at Morgan Stanley. Company continues to post growth in pork and beef processing. Equal-weight rating.
price target boosted at Citigroup. Price target lifted to $21 from $18 as second-quarter results show solid sequential revenue growth, Citigroup said. Reiterate Hold rating.
estimates upped through 2012 at Morgan Stanley. Cost cuts are offsetting lower voice-related revenue. Overweight rating and $13 price target.
This article was written by a staff member of TheStreet.