Patterson-UTI ( PTEN) rated new Buy at Wunderlich. $20 price target. Company is leveraged to higher demand for land drilling and pressure pumping. Questcor Pharmaceuticals ( QCOR) downgraded at Jefferies to Hold from Buy, Jefferies said. $30 price target. Aetna policy change is explicit. Elizabeth Arden ( RDEN) rated new Above Average at Caris & Company. $55 price target. Core brand can deliver double-digit annual growth. Ryland ( RYL) upgraded at Compass Point from Market Perform to Buy, Compass Point said. Company can outperform its peers in the midst of an industry recovery. St. Jude ( STJ) downgraded at Mizuho to Neutral, Mizuho said. $45 price target. Company may lose market share in the coming quarters. US Steel ( X) downgraded at Nomura from Buy to Neutral, Nomura said. $20 price target. Earnings power will be hurt by lower bulk material prices.
STOCK COMMENTS / EPS CHANGES
Adobe Systems ( ADBE) estimates reduced at JMP through 2013, JMP Securities said. Company guided toward lower expected sales. Underperform rating and $26 price target. Bed Bath & Beyond ( BBBY) numbers trimmed at UBS. Shares of BBBY now seen reaching $71, UBS said. Estimates also lowered on significant GM contraction in 2Q. Neutral rating. Salesforce.com ( CRM) numbers increased at ThinkEquity. CRM estimates were raised through 2014, ThinkEquity said. Company reiterated solid demand momentum at its user conference. Outperform rating and new $190 price target. Salesforce.com numbers raised at Jefferies. Shares of CRM now seen reaching $180, Jefferies said. Estimates also raised on larger TAM and faster innovation. Buy rating. Cirrus Logic ( CRUS) numbers raised at Sterne Agee. Shares of CRUS now seen reaching $55, according to Sterne Agee. Estimates also increased, as the company appears to be receiving more revenue per mobile device. Buy rating. EMC ( EMC) estimates, target boosted at BMO. Shares of EMC now seen reaching $31, according to BMO Capital. Estimates also upped, as the company can continue to gain market share in the near term. Outperform rating. Norfolk Southern ( NSC) numbers cut at Credit Suisse. NSC estimates were reduced through 2014, Credit Suisse said. Company lowered its guidance. Outperform rating and new $87 price target. Polaris ( PII) estimates, target boosted at Keybanc. Shares of PII now seen reaching $90, according to Keybanc. Estimates also upped, following solid industry channel checks. Buy rating.