Steel Dynamics ( STLD) upgraded at UBS to Buy from Neutral, UBS said. $18 price target. Will benefit from improving steel pricing and demand.United Parcel ( UPS) upgraded at JP Morgan from Neutral to Overweight, JP Morgan said. $92 price target. Core US trends are favorable and the TNTE deal is a big win for the company. Vertex Pharmaceuticals ( VRTX) downgraded at Morgan Stanley from Equal-weight to Underweight, Morgan Stanley said. $30 price target. Chances of combo trial succeeding appear less likely. YUM! Brands ( YUM) rated new Outperform at Oppenheimer. $82 price target. Incremental upside to both earnings and valuation.
STOCK COMMENTS / EPS CHANGESApple ( AAPL) estimates, target boosted at Wedbush. Shares of AAPL now seen reaching $750, according to Wedbush. Estimates also upped, as new iPad and iPhone should continue to drive growth. Outperform rating. The company announced a buyback and quarterly dividend of $2.65 per share Monday before the open. TD Ameritrade ( AMTD) numbers raised at Citigroup. Shares of AMTD now seen reaching $23, according to Citigroup. Estimates also increased on higher short term rates. Buy rating. Arrow Electronics ( ARW) numbers raised at UBS. Shares of ARW now seen reaching $48, according to UBS. Estimates also increased as overall demand remains steady to marginally better. Buy rating. Bank of America ( BAC) numbers increased at Morgan Stanley. BAC estimates were raised through 2014, Morgan Stanley said. Company is leveraged to better consumer credit. Equal-weight rating and new $9 price target. Barclays ( BCS) estimates, target raised at UBS. Shares of BCS now seen reaching $17.10, according to UBS. Estimates also increased on better capital markets and lower impairment. Neutral rating. EMC ( EMC) target raised at FBR to $34, according to FBR Capital Markets. Checks show healthy deal activity. Outperform rating. FedEx ( FDX) target raised at Citigroup to $110, Citigroup said. Recent checks imply a more constructive pace of activity. Buy rating. F5 Networks ( FFIV) numbers upped at Sterne Agee. FFIV estimates were boosted through 2013, Sterne Agee said. Initial business checks show strong momentum. Buy rating and new $141 price target. Home Inns & Hotels Management ( HMIN) estimates raised at Oppenheimer through 2013, Oppenheimer said. Positive analyst meeting, valuation attractive. Outperform rating.
Infosys Technologies ( INFY) estimates lowered at Oppenheimer though 2013, Oppenheimer said. Financial services vertical remains pressure. Perform rating.JP Morgan Chase ( JPM) numbers boosted at Morgan Stanley. Shares of JPM now seen reaching $60, according to Morgan Stanley. Estimates also upped, as the company is leveraged to wider mortgage spreads. Overweight rating. Kinder Morgan ( KMI) numbers boosted at Credit Suisse. Shares of KMI now seen reaching $36, according to Credit Suisse. Estimates also upped, given the closing of the EP purchase. Neutral rating. Nike ( NKE) estimates, target raised at Auriga. Shares of NKE now seen reaching $128, according to Auriga USA. Estimates also increased, as new products should continue to drive growth. Buy rating. Nucor ( NUE) estimates, target upped at Morgan Stanley. NUE estimates were boosted through 2013, Morgan Stanley said. Industry demand should outstrip new supply. Overweight rating and new $56 price target. PMC-Sierra ( PMCS) numbers increased at Auriga. PMCS estimates were raised through 2013, Auriga USA said. Company is keeping a lid on costs and buying back shares. Hold rating and new $8 price target. Sonoco Products ( SON) numbers raised at Jefferies. Shares of SON now seen reaching $37, Jefferies said. Estimates also raised on improving volumes visibility. Hold rating. United States Steel ( X) target raised at UBS to $47, UBS said. Total cost improvement picture looks compelling. Buy rating. >To submit a news tip, email: firstname.lastname@example.org.
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