NEW YORK ( TheStreet) -- CHANGE IN RATINGS Bruker ( BRKR) downgraded at BofA/Merrill from Buy to Underperform, Bank of America/Merrill Lynch said. Margin expansion could take longer than expected. $13.50 price target. Chesapeake Energy ( CHK) downgraded at Brean from Buy to Hold, Brean Murray said. Company is leveraged to lower natural gas prices. Cree ( CREE) downgraded at Ticonderoga from Buy to Neutral, Ticonderoga said. Company is seeing lower margins and lacks sales visibility. Cree upgraded at ThinkEquity from Hold to Buy, ThinkEquity said. $30 price target. Valuation call, based on a $30 price target. Cash America ( CSH) downgraded at FBR from Outperform to Market Perform, FBR Capital Markets said. $50 price target. Company is facing higher credit costs and narrower margins. DirecTV ( DTV) downgraded at UBS to Neutral from Buy, UBS said. $46 price target. Subscriber growth likely to slow. Edwards Lifesciences ( EW) rated new Buy at ThinkEquity. $100 price target. Sapien catheter should drive near-term growth. Expedia ( EXPE) rated new Underweight at JP Morgan. $31 price target. Company is facing increased competition. Guess ( GES) downgraded at Piper from Overweight to Neutral, Piper Jaffray said. $29 price target. Company faces currency headwinds. Google ( GOOG) downgraded at Wells from Outperform to Market Perform, Wells Fargo said. Company faces several potential growth headwinds. Hudson City Bancorp ( HCBK) downgraded at BofA/Merrill from Neutral to Underperform, Bank of America/Merrill Lynch said. Stock appears fully valued at current levels. Kroger ( KR) downgraded at BMO from Outperform to Market Perform, BMO Capital said. Valuation call, based on a $25 price target. Lennox ( LII) downgraded at Keybanc from Buy to Hold, Keybanc said. Mild weather is hurting HVAC demand. MGM Resorts ( MGM) upgraded at Credit Suisse from Underperform to Neutral, Credit Suisse said. $13 price target. Strip activity is showing steady gains. Mohawk Industries ( MHK) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. Valuation call, based on a $63 price target. People's United ( PBCT) downgraded at BofA/Merrill from Neutral to Underperform, Bank of America/Merrill Lynch said. Company faces earnings headwinds in the new year. PVH ( PVH) rated new Neutral at Credit Suisse. $72 price target. Company remains highly leveraged to declining department store traffic.
Regal-Beloit ( RBC) downgraded at Keybanc from Buy to Hold, Keybanc said. Channel checks show a difficult consumer environment. Ralph Lauren ( RL) rated new Outperform at Credit Suisse. $168 price target. Company can deliver consistent double-digit annual growth. Transdigm ( TDG) downgraded at Wedbush from Outperform to Neutral, Wedbush said. $98 price target. Company lacks near-term catalysts. TripAdvisor ( TRIP) rated new Neutral at JP Morgan. Valuation call, based on a $31 price target. Tyson Foods ( TSN) downgraded at BMO to Market Perform, BMO Capital said. $22 price target. Beef margins could begin to contract. Textron ( TXT) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $21 price target. Cessna recovery is taking longer. Watsco ( WSO) downgraded at Keybanc from Buy to Hold, Keybanc said. Stock has made a good move, but channel checks suggest lower HVAC demand.
STOCK COMMENTS / EPS CHANGESTD Ameritrade ( AMTD) estimates lowered at UBS through 2013, UBS said. Incremental headwinds from interest rates. Maintain Neutral rating and $16 price target. Citigroup ( C) target raised at Oppenheimer to $47, Oppenheimer said. Stock remains cheap. Outperform rating. Citigroup estimates, target lowered at Bernstein. C estimates were cut through 2013, Bernstein said. Costs remain high and capital markets are weak. Outperform rating and new $40 price target. Citigroup estimates lowered at UBS. C estimates lowered through 2013, UBS said. Weak 4Q results driven by softer capital markets revenue expectations. Maintain Buy rating and $43 price target. Celanese ( CE) numbers lowered at Citigroup. Shares of CE now seen reaching $50, according to Citigroup. Estimates also lowered on slowdown in Europe. Maintain Neutral rating. Compuware ( CPWR) numbers lowered at Jefferies. Shares of CPWR now seen reaching $9, Jefferies said. Estimates also lowered after result reported below expectations. Buy rating. Cree ( CREE) estimates, target reduced at Goldman. Shares of CREE now seen reaching $36, according to Goldman Sachs. Estimates also cut, given lower core LED sales. Buy rating. Cree estimates lowered at Jefferies through 2012, Jefferies said. Missed fiscal second quarter on Power/RF revenue decline. Buy rating. Electronic Arts ( ERTS) numbers cut at Goldman. Shares of ERTS now seen reaching $22, according to Goldman Sachs. Estimates also lowered, as costs are rising. Neutral rating.
Intrepid Potash ( IPI) numbers cut at Credit Suisse. Shares of IPI now seen reaching $26, according to Credit Suisse. Estimates also reduced, given lower volume demand. Neutral rating. Kraft Foods ( KFT) numbers raised at UBS. Shares of KFT now seen reaching $45, according to UBS. Estimates also increased to reflect the margin opportunities of a streamlined distribution system. MasterCard ( MA) numbers lowered at Oppenheimer. Shares of MA now seen reaching $385, Oppenheimer said. Estimates also lowered on lower cross-border volumes. Outperform rating. M&T Bank ( MTB) numbers adjusted at Citigroup. Shares of MTB now seen reaching $75. Estimates lowered after headlines miss in a relatively messy quarter. Neutral rating. Netflix ( NFLX) target reduced at Bernstein. Shares of NFLX now seen reaching $71, according to Bernstein. Subscriber growth should decelerate by the end of the year. Market Perform rating. Philip Morris ( PM) estimates lowered at Citigroup through 2012, Citigroup said. Notable appreciation in some key currencies. Maintain $75 price target and Neutral rating. Transocean ( RIG) estimates lowered at UBS through 2012, UBS said. Planned '12 downtime up 7%, but improvement from recent fleet updates. Buy rating and $62 price target. Research in Motion ( RIMM) target raised at Jefferies. Shares of RIMM now seen reaching $17, Jefferies said. Greater probability of Samsung partnership. Hold rating. RR Donnelley ( RRD) numbers cut at Benchmark. RRD estimates were reduced through 2012, Benchmark said. Company is seeing lower sales. Buy rating and new $16 price target. Wells Fargo ( WFC) numbers raised at Morgan Stanley. Shares of WFC now seen reaching $32, according to Morgan Stanley. Estimates also increased, as the company is realizing higher net interest margins. Overweight rating. Wells Fargo numbers raised at Citigroup. Shares of WFC now seen reaching $32, according to Citigroup. Estimates also increased on strong earnings results. Neutral rating. Wells Fargo target raised at Oppenheimer. Shares of WFC now seen reaching $34, Oppenheimer said. Solid fourth quarter results. Outperform rating. Wells Fargo numbers raised at UBS. Shares of WFC now seen reaching $31, according to UBS. Estimates also increased on strong top line growth. Neutral rating.
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STRATEGY CALLS / MARKET CALLSRegulated Utility ( SRE) sector rated new Attractive at Morgan Stanley. Coverage of the regulated utility sector was started with an Attractive rating, Morgan Stanley said. Group offers solid dividends and low-risk earnings growth. SRE and XEL are the analysts' top picks. >To submit a news tip, email: email@example.com.
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