NEW YORK ( TheStreet) -- CHANGE IN RATINGS Adobe ( ADBE)upgraded to buy at TheStreet Ratings. Ancestry.com ( ACOM) downgraded at Morgan Keegan from Outperform to Market Perform. Valuation call, based on a $27 price target. TD Ameritrade ( AMTD) upgraded at Deutsche from Hold to Buy, Deutsche Bank said. $18 price target. Brokerage stocks can outperform the exchanges in the near term. Acuity Brands ( AYI) downgraded at Wedbush to Underperform from Neutral, Wedbush said. $30 price target. Unrealistic market expectations. Cerner ( CERN) upgraded at Deutsche from Hold to Buy, Deutsche Bank said. $71.50 price target. Company is showing strong bookings growth. CME Group ( CME) downgraded at J.P. Morgan to Neutral from Outperform, J.P. Morgan said. $270 price target. Risk of underperforming as estimates fall. Encana ( ECA) downgraded at BMO from Outperform to Market Perform, BMO Capital Markets said. $20 price target. Disappointing winter heating season and weaker outlook for natural gas prices. General Dynamics ( GD) rated new Buy at Sterne Agee. $82 price target. Gulfstream business is strong and the company is buying back stock. Corning ( GLW) rated new Hold at Keybanc. Company lacks near-term catalysts. Goldman Sachs ( GS) downgraded at Wells to Market Perform, Wells Fargo said. Capital market trends remain challenging. The Intercontinental Exchange ( ICE) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $133 price target. Valuation call. Intel ( INTC) downgraded at Sterne Agee from Buy to Neutral, Sterne Agee said. $26 price target. Company faces headwinds in the core PC business. Illinois Tool Works ( ITW) downgraded at Credit Suisse from Outperform to Neutral, Credit Suisse said. Company lacks near-term catalysts. $53 price target. Invesco Mortgage Capital ( IVR) downgraded at Jefferies to Hold from Buy, Jefferies said. $14 price target. Low rate environment remains problematic. Legg Mason ( LM) downgraded at Deutsche from Buy to Hold, Deutsche Bank said. $27 price target. Lockheed Martin ( LMT) rated new Neutral at Sterne Agee. Defense spending will likely continue to slow. Macerich ( MAC) upgraded at UBS from Neutral to Buy, UBS said. $55 price target. High quality mall REIT with attractive valuation. Universal Display ( PANL) rated new Buy at Keybanc. $45 price target. Company can post solid earnings growth over the next several years.
Children's Place ( PLCE) downgraded at Goldman from Buy to Neutral, Goldman Sachs said. $51 price target. Company is realizing lower margins, because of higher costs and increased competition. ProLogis ( PLD) downgraded at UBS from Buy to Neutral, UBS said. $31 price target. Macroeconomic headwinds likely keep shares range bound near term. Regeneron Pharmaceuticals ( REGN) upgraded at Jefferies to Buy from Hold, Jefferies said. $75 price target. Stronger Eylea adoption. RF Micro Devices ( RFMD) downgraded at Oppenheimer to Perform from Outperform, Oppenheimer said. Estimates also lowered on guidance cut. Raytheon ( RTN) rated new Neutral at Sterne Agee. Domestic growth should remain soft. Charles Schwab ( SCHW) downgraded at Deutsche from Buy to Hold, Deutsche Bank said. $13 price target. Sigma-Alrdich ( SIAL) downgraded at Leerink from Outperform to Market Perform, Leerink Swann said. Consensus expectations appear optimistic. Sandisk ( SNDK) upgraded at Sterne Agee from Neutral to Buy, Sterne Agee said. $57 price target. Stock is pricing in lower demand from Europe. Thermo Fisher ( TMO) rated new Buy at Cantor. $57 price target. Company can continue to deliver solid organic growth. Ubiquiti ( UBNT) rated new Buy at Wunderlich. $25 price target. Company is highly profitable and should continue to deliver solid growth. Waters ( WAT) rated new Buy at Cantor. $86 price target. Company can continue to expand market share and margins. Webster Financial ( WBS) downgraded at Jefferies to Hold from Buy, Jefferies said. Runup in price brings valuation in-line.
STOCK COMMENTS / EPS CHANGESAdvanced Micro ( AMD) numbers cut at Sterne Agee. Shares of AMD now seen reaching $8. Estimates also reduced, given recent manufacturing issues. Buy rating. Apache ( APA) target lowered at Oppenheimer. Shares of APA now seen reaching $120, Oppenheimer said. Share declines greater than group. Outperfrom rating. Apollo ( APOL) estimates, target raised at Morgan Stanley. Shares of APOL now seen reaching $61, according to Morgan Stanley. Estimates also increased, given higher new starts growth. Overweight rating. Bank of America ( BAC) numbers cut at Citigroup. Shares of BAC now seen reaching $8, according to Citigroup. Estimates also lowered related to legacy mortgage risk exposure. Blackrock ( BLK) numbers raised at Jefferies. Shares of BLK now seen reaching $175. Estimates also raised on market performance. Hold rating.
Choice Hotels ( CHH) downgraded at J.P. Morgan to Underweight from Neutral, J.P. Morgan said. $31 price target. Valuation is rich with EBITDA growth below peers. Walt Disney ( DIS) estimates increased at BMO through 2013, BMO Capital said. Cable networks can drive growth and the company is cutting costs. Outperform rating and $48 price target. Kohl's Corporation ( KSS) numbers lowered at Jefferies. Shares of KSS now seen reaching $47, Jefferies said. Estimates also lowered on January is expected to also be soft. Hold rating. Eli Lilly ( LLY) estimates cut at UBS through 2012, UBS said. Guidance below consensus due to faster Zyprexa sales erosion and higher SG&A. Maintain Neutral rating and $38 price target. LinkedIn ( LNKD) estimates, target adjusted at UBS. Shares of LNKD now seen reaching $90, according to UBS. Estimates increased after republishing model. Buy rating. Monsanto ( MON) estimates, target boosted at Goldman. Shares of MON now seen reaching $90, according to Goldman Sachs. Estimates also upped, given the company's strong order book. Buy rating. Monsanto numbers raised at Jefferies. Shares of MON now seen reaching $78, Jefferies said. Estimates also raised on quarter beat. Hold rating. Monsanto estimates, target increased at Citigroup. Shares of MON now seen reaching $89, according to Citigroup. Estimates also increased on improving performance in Latin America. Buy rating. MSC Industrial ( MSM) numbers raised at UBS. Shares of MSM now seen reaching $81, according to UBS. Estimates also increased as fundamental performance should expand multiple. Buy rating. MSC Industrial numbers raised at Credit Suisse. Shares of MSM now seen reaching $80, according to Credit Suisse. Estimates also increased, as the company has strong pricing power and can gain market share. Neutral rating. Och-Ziff ( OZM) added to Analyst Focus List at JP Morgan. OZM was added to the Analyst Focus List, JP Morgan said. $13 price target. Cheap option on future performance fee earnings/distributions. RF Micro Devices ( RFMD) estimates lowered at UBS through 2013, UBS said. December quarter massively short. Neutral rating. RenaissanceRe Holdings ( RNR) added to Top Picks Live at Citigroup. $85 price target. Best positioned insurer to take advantage of firming rates.
Target ( TGT) numbers lowered at Jefferies. Shares of TGT now seen reaching $48, Jefferies said. Estimates also lowered on muted promotional efforts. Hold rating. T. Rowe Price Group ( TROW) numbers raised at Jefferies. Shares of TROW now seen reaching $66, Jefferies said. Estimates also raised on improving flow trends. Buy rating. Texas Instruments ( TXI) numbers raised at Jefferies. Shares of TXI now seen reaching $42. Estimates also raised on increased cost savings. Buy rating. Visa ( V) estimates, target upped at Guggenheim. V estimates were boosted through 2013, Guggenheim said. New escrow deposit account will add to earnings. Neutral rating and new $108 price target. ViroPharma Incorporated ( VPHM) estimates raised at Oppenheimer through 2012, Oppenheimer said. Positive 2012 guidance. Outperform rating. Worthington ( WOR) estimates, target increased at Goldman. WOR estimates were increased through 2014, Goldman Sachs said. Company is realizing higher prices for processed steel. Sell rating and new $14.50 price target. >To submit a news tip, email: email@example.com.
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