NEW YORK ( TheStreet) -- CHANGE IN RATINGS:Abercrombie & Fitch ( ANF) was upgraded at BMO Capital to outperform. $61 price target. Company's domestic outlook is improving, BMO Capital said. Caterpillar ( CAT) was upgraded at BMO Capital from market perform to outperform. $130 price target. Worst news appears to be behind the company, BMO said. Equinix ( EQIX) was downgraded at Citigroup to neutral from buy. $240 price target. Risk reward scenario has become more balanced, Citi said. Fifth Third ( FITB) was upgraded at Wells Fargo from market perform to outperform. Company should see improving returns and deliver greater capital flexibility, Wells said. Fortinet ( FTNT) was downgraded at Wunderlich from buy to hold. $22 price target. Company will likely face increased competition in the coming quarters, Wunderlich said. Interxion Holding ( INXN) was downgraded at Citigroup to neutral from buy. $25 price target. Challenging business environment in Europe may restrain revenue growth prospects, Citi said. KB Home ( KBH) was upgraded at Compass Point to buy. $20.50 price target. Company has addressed its liquidity concerns, Compass Point said. Lennar ( LEN) was upgraded at Compass Point from neutral to buy. Valuation call, based on a $49.50 price target, Compass Point said. MGM Resorts ( MGM) was downgraded at Deutsche Bank from buy to hold. Valuation call, based on a $13 price target, Deutsche Bank said. Norwegian Cruise ( NCLH) was initiated with a buy rating at Stifel Nicolaus. $33 price target. Cruise industry should see multiple years of yield expansion, Stifel Nicolaus said. NCR ( NCR) was downgraded at Compass Point from buy to neutral. $30 price target. Valuation call, as the stock has made a strong run since October, Compass Point said. Pandora ( P) was downgraded at Wedbush from outperform to neutral. $11.50 price target. Company may see higher competition on royalty rates, Wedbush said. PNC Financial ( PNC) was downgraded at Wells Fargo from outperform to market perform. Valuation call, Wells said. Standard Pacific ( SPF) was upgraded at Compass Point from neutral to buy. $10.25 price target. Company is leveraged to key housing markets that are rebounding, Compass Point said.
STOCK COMMENTS / EPS CHANGESAir Methods ( AIRM) target raised at Oppenheimer to $49, Oppenheimer said. Positioned to benefit from structural changes. Outperform rating. Biogen Idec ( BIIB) numbers raised at Jefferies. Shares of BIIB now seen reaching $187, Jefferies said. Estimates also raised on strong 2013 outlook. Buy rating. Caterpillar ( CAT) target raised at Jefferies to $95, Jefferies said. Orders have bottomed in 4Q. Hold rating. Dunkin Brands ( DNKN) numbers raised at UBS. Shares of DNKN now seen reaching $41, UBS said. Estimates also increased on faster than expected acceleration of unit development. Buy rating. Facebook ( FB) estimates, target boosted at Credit Suisse. Shares of FB now seen reaching $31, according to Credit Suisse. Estimates also upped, as the company is seeing better mobile monetization. Neutral rating. Honeywell International ( HON) numbers raised at Oppenheimer. Shares of HON now seen reaching $80, Oppenheimer said. Estimates also raised on growing margins. Outperform rating. Hershey Foods ( HSY) numbers raised at Citigroup. Shares of HSY now seen reaching $89, Citigroup said. Significant upside to consensus 2013 EPS exists. Illumina ( ILMN) estimates, target cut at Credit Suisse. Shares of ILMN now seen reaching $59, according to Credit Suisse. Estimates also reduced, as the company lowered its guidance. 3M ( MMM) numbers raised at UBS. Shares of MMM now seen reaching $110, UBS said. Estimates also increased on solid 4Q organic growth. Buy rating. Roper Industries ( ROP) numbers raised at Oppenheimer. Shares of ROP now seen reaching $130, Oppenheimer said. Estimates also raised on operating leverage. Outperform rating.
Seagate ( STX) estimates, target upped at BMO. STX estimates were boosted through 2014, BMO Capital said. Company is leveraged to a more stable pricing environment. Market Perform rating and new $35 price target.Travelers ( TRV) numbers raised at UBS. Shares of TRV now seen reaching $85, UBS said. Estimates also increased as rate momentum should lead to improved ROE. Buy rating. VMware ( VMW) numbers lowered at Jefferies. Shares of VMW now seen reaching $95, Jefferies said. Estimates also lowered on 2013 guidance fall. Hold rating. Yahoo! ( YHOO) estimates, target raised at Credit Suisse. Shares of YHOO now seen reaching $21, according to Credit Suisse. Estimates also increased, as the company is seeing lower acquisition costs. Neutral rating. Yahoo! numbers raised at Oppenheimer. Shares of YHOO now seen reaching $22, Oppenheimer said. Estimates also raised on solid 4Q results. Perform rating. Zions Bancorporation ( ZION) numbers increased at Sterne Agee. ZION estimates were raised through 2014, Sterne Agee said. Company has healthy loan pipelines and can cut its cost of capital. Neutral rating and new $24 price target. >To submit a news tip, email: firstname.lastname@example.org.
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