Scripps Networks ( SNI) downgraded at Deutsche from buy to hold, Deutsche Bank said. $65 price target. Estimates also cut, given lower ratings.Simpson Manufacturing ( SSD) downgraded at DA Davidson from buy to neutral, DA Davidson said. Company lacks near-term catalysts. Steel Dynamics ( STLD) upgraded at Keybanc from hold to buy, Keybanc said. $22 price target. Company generates solid free cash flow and pays an attractive dividend. Varian Medical ( VAR) downgraded Lazard from buy to neutral, Lazard Capital Markets said. Valuation call, as the stock is up 22% since late October. Verizon ( VZ) downgraded at UBS to neutral from buy, UBS said. $44 price target. Still the leader in wireless, but profitability lower than expected. Werner ( WERN) downgraded at Deutsche from buy to hold, Deutsche Bank said. $26 price target. Company lacks near-term catalysts. Wells Fargo ( WFC) downgraded at Oppenheimer to perform from outperform, Oppenheimer said. Stock fairly valued. Xilinx ( XLNX) upgraded at Credit Suisse from neutral to outperform. $42 price target. Company should see higher end-market demand in 2013. Zimmer ( ZHM) downgraded at Lazard from buy to neutral. Valuation call.
STOCK COMMENTS / EPS CHANGESeBay ( EBAY) estimates, target raised at Credit Suisse. Shares of EBAY now seen reaching $50, according to Credit Suisse. Estimates also increased, given expected accelerating user growth. Neutral rating. Facebook ( FB) numbers raised at Oppenheimer. Shares of FB now seen reaching $34. Estimates also raised on Facebook Exchange impact. Outperform rating. Garmin ( GRMN) numbers lowered at JP Morgan. Shares of GRMN now seen reaching $36. Estimates also lowered on 10%-15% decline in PND unit shipments in 2013. Underweight rating. HMS Holdings ( HMSY) numbers raised at Jefferies. Shares of HMSY now seen reaching $34. Estimates also raised on positive thematic momentum. Buy rating. KBR ( KBR) numbers lowered at J.P. Morgan. Shares of KBR now seen reaching $40. Estimates also lowered on intensification of execution risks. Overweight rating. Microsoft ( MSFT) numbers cut at UBS. Shares of MSFT now seen reaching $35. Estimates also lowered to reflect weakness in CQ4 PC demand units. Buy rating. SAP ( SAP) target raised at Jefferies. Shares of SAP now seen reaching $82. Revenue estimates appear achievable. Hold rating. Yum! Brands ( YUM) numbers lowered at Oppenheimer. Shares of YUM now seen reaching $74. Estimates also lowered on less 2013 growth. Outperform rating. >To submit a news tip, email: email@example.com.
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