NEW YORK ( TheStreet) -- CHANGE IN RATINGS AXT ( AXTI) is downgraded to hold at TheStreet Ratings. HomeAway ( AWAY) was initiated with a neutral rating at Credit Suisse. Valuation call, based on a $28 price target. Beam ( BEAM) was initiated with a neutral rating at JPMorgan. $54 price target. Stock is also pricing in solid expected growth. Cloud Peak ( CLD) was initiated with a neutral rating at Goldman Sachs. $24 price target. Company is performing well in a difficult environment. Douglas Emmett ( DEI) was initiated with a buy rating at Keybanc. $22 price target. Company has an attractive portfolio, but trades at a discount to its peers. F5 Networks ( FFIV) was upgraded to outperform from perform at Oppenheimer. $125 price target. Positioning for 2012.
Goldman Sachs ( GS) was initiated with an equal-weight rating at Evercore. $100 price target. Growth/return profiles unlikely to return anytime soon. KLA-Tencor ( KLAC) was upgraded to overweight at JPMorgan. Industry fundamentals appear to be at a bottom. Morgan Stanley ( MS) was initiated with an equal-weight rating at Evercore. $17 price target. Many uncertainties from regulatory and macro perspective. Novellus ( NVLS) was downgraded to neutral at JPMorgan. OGE Energy ( OGE) was upgraded to buy from hold at Jefferies. $59.50 price target. Recent EPA decision regarding region haze will boost earnings of regulated utility. OpenTable ( OPEN) was initiated with an outperform rating at Credit Suisse. $49 price target. Stock is attractive, following a 65% decline. AT&T ( T) was downgraded at JPMorgan to neutral from overweight. New analyst also has a $31 price target. Torchmark ( TMK) was initiated with an equal-weight rating at Evercore. $48 price target. Solid FCF generator with modest growth.
2012 Stock Predictions and Outlook
|Your one-stop shop for 2012 stock recommendations and market predictions. |
STOCK COMMENTS / EPS CHANGESAlcoa ( AA) price target lowered to $9.50 at UBS. Lowering estimates to reflect lower realized pricing, FX, and macro outlook. Neutral rating. Agco ( AGCO) estimates, target raised at Credit Suisse. Shares of AGCO now seen reaching $47, according to Credit Suisse. Estimates also increased, as the GSI purchase should add to earnings. Neutral rating. Actuant ( ATU) numbers lowered at Jefferies. Shares of ATU now seen reaching $30, Jefferies said. Estimates also lowered on slower growth in Europe. Buy rating. Bed Bath & Beyond ( BBBY) numbers raised at Jefferies. Shares of BBBY now seen reaching $72, Jefferies said. Estimates also raised on strong November performance. Buy rating.
Bed Bath & Beyond numbers raised at UBS. Shares of BBBY now seen reaching $64, according to UBS. Estimates also incraesed on both sales and margin upside. Neutral rating. Hasbro ( HAS) estimates, target lowered at Goldman. Shares of HAS now seen reaching $38, according to Goldman Sachs. Estimates also cut, following channel checks. KBR ( KBR) estimates, target raised at UBS. Shares of KBR now seen reaching $48, according to UBS. Estimates also increased as large project wins are not priced into the stock. Buy rating. Mattel ( MAT) estimates, target reduced at Goldman. MAT estimates were cut through 2013, Goldman Sachs said. Company will likely see flat sales this holiday season and is hurt by a stronger dollar. Red Hat ( RHT) estimates, target adjusted at UBS. Shares of RHT now seen reaching $50, accoridng to UBS. Estimates increased as revenue impacted by FX. Neutral rating. Red Hat numbers lowered at Citigroup. Shares of RHT now seen reaching $59, according to Citigroup. Estimates also lowered on FX and Q3 performance. Buy rating. Stifel Financial estimates, target lowered at JMP. Shares of SF now seen reaching $38, JMP Securities said. Estimates also lowered on reduced expectations for investment banking and broker/dealer results. Market Outperform rating. Urban Outfitters ( URBN) added to Top Picks List at FBR Capital Markets.. $32 price target. Company is moving inventory with promotions and sales should remain strong into 2012. Walgreen ( WAG) estimates, target lowered at UBS. Shares of WAG now seen reaching $40, according to UBS. Estimates also lowered to reflect more realistic SG&A reductions to offset likely sales erosion. Buy rating. Xilinx ( XLNX) estimates raised at UBS. XLNX estimates raised through 2012, UBS said. Improving gross margins. Maintain $32 price target and Neutral rating. >To submit a news tip, email: email@example.com.
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