NEW YORK ( TheStreet) -- CHANGE IN RATINGS Air T ( AIRT) downgraded to hold at TheStreet Ratings. American International ( AIG) rated new Buy at Sterne Agee. $39 price target. Company can exceed consensus earnings expectations. Autozone ( AZO) upgraded at Deutsche from Hold to Buy, Deutsche Bank said. $425 price target. Company can gain market share and expand its margins. Baker Hughes ( BHI) downgraded to hold at TheStreet Ratings. Cognizant ( CTSH) downgraded at Goldman to Sell, Goldman Sachs said. Company has high exposure to the financial sector and trades at a relative premium. $52 price target. Dow Chemical ( DOW) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. Company is the most expensive of its peers and also likely has the highest earnings risk. $36 price target. eBay ( EBAY) rated new Buy at Needham. $50 price target. Marketplace business can grow faster than consensus estimates. Edwards Lifesciences ( EW) downgraded at UBS to Neutral from Buy, UBS said. $107 price target. Valuation call. Lender Processing ( LPS) upgraded at Goldman to Buy, Goldman Sachs said. $27 price target. Company should benefit from increased loan and foreclosure volume. Morgan Stanley ( MS) downgraded at Goldman Sachs to Neutral from Buy, Goldman Sachs said. $16 price target. Outsized capital market overhangs. Pitney Bowes ( PBI) upgraded at Goldman to Neutral, Goldman Sachs said. 10% dividend yield should provide support for the stock. Public Service Enterprise ( PEG) downgraded at Jefferies to Hold from Buy, Jefferies said. $32 price target. Loss of the basis differential between New Jersey and PJM West. Hold rating. Sapient ( SAPE) downgraded at Goldman to Sell, Goldman Sachs said. Company has high exposure to the financial sector and Europe. $9 price target. Southwestern Energy ( SWN) upgraded at Citigroup to Buy from Neutral, Citigroup said. $38 price target. More constructive outlook for natural gas prices next year. Stryker ( SYK) rated new Hold at Cantor. $56 price target. Growth already appears reflected in the stock. Tronox ( TROX) rated new Buy at UBS. $145 price target. Exxaro acquisition is the capstone of new Tronox Limited. ValueClick ( VCLK) downgraded at Piper from Overweight to Neutral, Piper Jaffray said. $15 price target. Company will be hurt as more impression buying is moving to online exchanges.
STOCK COMMENTS / EPS CHANGESAgilent ( A) estimates, target boosted at BofA/Merrill. Shares of A now seen reaching $54, according to Bank of America/Merrill Lynch. Estimates also upped, as the recent acquisition should add to earnings. Buy rating.
Apollo ( APOL) estimates increased at Morgan Stanley. APOL estimates were raised through 2014, Morgan Stanley said. Management boosted guidance, given an expected turnaround in starts for 2013. Overweight rating and $48 price target. Bristol-Myers ( BMY) numbers cut at BMO. BMY estimates were reduced through 2013, BMO Capital said. Eliquis delay pushes out the model. Outperform rating and new $38 price target. ConocoPhillips ( COP) numbers lowered at Oppenheimer. Shares of COP now seen reaching $65, Oppenheimer said. Estimates also lowered on downstream spin off. Outperform rating. Cytec ( CYT) numbers lowered at Jefferies. Shares of CYT now seen reaching $63, Jefferies said. Estimates also lowered on imminent coatings exit. Hold rating. Dell ( DELL) numbers lowered at Jefferies. Shares of DELL now seen reaching $13, Jefferies said. Estimates also lowered on pressure by Huawei. Hold rating. Darden ( DRI) estimates, target reduced at Credit Suisse. Shares of DRI now seen reaching $48, according to Credit Suisse. Estimates also cut, given weaker sales trends. Neutral rating. First Horizon ( FHN) numbers reduced at BofA/Merrill. Shares of FHN now seen reaching $7.50, according to Bank of America/Merrill Lynch. Estimates also cut, given the company's new guidance. Underperform rating. Harley-Davidson ( HOG) numbers trimmed at UBS. Shares of HOG now seen reaching $49, UBS said. Estimates also lowered on stronger dollar. Neutral rating. Hershey ( HSY) estimates, target raised at Credit Suisse. Shares of HSY now seen reaching $78, according to Credit Suisse. Estimates also increased, as the company has multiple potential growth levers. Outperform rating. JP Morgan ( JPM) added to Conviction List at Goldman. Long-term story still intact. >To submit a news tip, email: firstname.lastname@example.org.
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