Sonoco ( SON) downgraded at JP Morgan from neutral to underweight, JP Morgan said. Estimates also cut, as the company could see lower sales in plastics and the emerging markets.Sysco Corp. ( SYY) downgraded at Morgan Stanley to Underweight from Equal-weight, Morgan Stanley said. $27 price target. Margin pressure from a return of food inflation. Walter Energy ( WLT) downgraded at Deutsche from buy to Hold, Deutsche Bank said. Valuation call, based on a $42 price target. Western Union ( WU) downgraded at Goldman from neutral to sell, Goldman Sachs said. $12 price target. Pricing concerns could weigh on margins.
STOCK COMMENTS / EPS CHANGESAbercrombie & Fitch ( ANF) numbers boosted at Sterne Agee. Shares of ANF now seen reaching $62, according to Sterne Agee. Estimates also upped, following recent channel checks. Buy rating. BlackRock ( BLK) target raised at Jefferies. Shares of BLK now seen reaching $215, Jefferies said. Organic growth stands out. Hold rating. Cypress Semiconductor ( CY) numbers cut at Sterne Agee. CY estimates were reduced through 2013, Sterne Agee said. Company is leveraged to slower macro growth. Buy rating and new $14 price target. EMC Corporation ( EMC) numbers cut at UBS. Shares of EMC now seen reaching $28.50, UBS said. Estimates also lowered as big data overhyped short term, but real long term. Buy rating. Hubbell ( HUBB) target raised at Oppenheimer to $98. Longer term recovery in nonresidential and residential markets. Outperform rating. Monsanto ( MON) estimates, target raised at Morgan Stanley. Shares of MON now seen reaching $115, according to Morgan Stanley. Estimates also increased, as the company is realizing higher deferred revenue. Overweight rating. Monsanto numbers raised at Jefferies. Shares of MON now seen reaching $110, Jefferies said. Estimates also raised on tailwind from Roundup Ready. Hold rating. Qlik Technologies ( QLIK) target raised at Jefferies to $21, Jefferies said. Survey suggests in line quarter. Hold rating. Visa ( V) added to Conviction Buy List at Goldman. Company should see higher new transactions. Price target also lifted to $188. Weyerhaeuser ( WY) numbers raised at Citigroup to $36. Estimates also increased as previously too bearish on pulp and not bullish enough on lumber. Buy rating. >To submit a news tip, email: firstname.lastname@example.org.
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