Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (
CHANGE IN RATINGS
American Eagle Outfitters
initiated at Citi with a Buy rating and $21 price target. Girls strengthening and margin initiatives have traction, Citigroup said.
Abercrombie & Fitch
initiated at Citi with a Buy rating and $57 price target. Margin story has ample room, Citigroup said.
initiated at Citi with a Hold rating and $27 price target. Shares prices for outperformance but Loft weakness may require a several quarter fix, Citigroup said.
rated new Hold at Dahlman Rose. Company should drive double-digit annual growth.
upgraded at Stifel from Hold to Buy. Valuation call, based on a $330 price target.
initiated at BofA/Merrill with a Buy rating and $44 price target. DNDN's recently launched personalized prostate cancer therapy will achieve significant US market penetration following manufacturing capacity expansion in 2011, Bank of America/Merrill Lynch said.
rated new Buy at Jefferies. $36 price target. Company has a strong brand portfolio and the largest global audience.
initiated at Citi with a Hold rating and $50 price target. More margin weakness likely near term, Citigroup said.
J. Crew Group
initiated at Citi with a Hold rating and $44 price target. Expansion of higher margin business will drive growth, Citigroup said.
upgraded at UBS from Neutral to Buy. $27 price target. Estimates also boosted, as the company will likely expand its gross margin.
upgraded at Deutsche from Hold to Buy. $95 price target. Higher sales are driving better margins.
upgraded at Baird from Neutral to Outperform. $46 price target. Company has multiple near-term catalysts.
rated new Neutral at Goldman. $54 price target. Stock appears fully valued at current levels.
downgraded at Goldman from Neutral to Sell. Estimates also cut, because of higher feed costs. $35 price target.
upgraded at Wells Fargo from Market Perform to Outperform. Company has multiple secular growth opportunities.
upgraded at FBR from Market Perform to Outperform, FBR Capital Markets said. $79 price target. Company has mid- and late-cycle exposure.
The TJX Companies
initiated at Citi with a Sell rating and $40 price target. Newer divisions will weigh on margins, which are at decade highs, Citigroup said.
upgraded at Goldman from Sell to Neutral. Valuation call.
initiated at Citi with a Sell rating and $32 price target. Can't justify premium here, Citigroup said.
This article was written by a staff member of TheStreet.