NEW YORK ( TheStreet) -- CHANGE IN RATINGSAxiall Corporation ( AXLL) was upgraded to buy at Citigroup. The PVC chain margin impact is likely higher than previously forecasted, said Citigroup. Earnings estimates were increased and the new price target is $69. Cadence Design Systems ( CDNS) was downgraded at D.A. Davidson to neutral. The announced acquisition of Tensilica has a steep price tag and will drain the company's net cash position, D.A. Davidson said. Citizens Inc. ( CIA) was downgraded to hold at TheStreet Ratings. Dick's Sporting Goods ( DKS) was upgraded at BMO Capital Markets to outperform from market perform. $57 price target. Attractive entry point after correction, BMO Capital said. First Solar ( FSLR) was upgraded at DNB Markets to hold from sell. $27 price target. Consensus expectations have pulled back, DNB Markets said. General Electric ( GE) was downgraded at Nomura to neutral from buy. Valuation call, based on a $24 price target. InterOil Corp. ( IOC) was upgraded to hold at TheStreet Ratings. Mosaic ( MOS) was upgraded at BMO Capital Markets to outperform from market perform. $72 price target. Investors focused on future Phosphate outlook and buybacks, BMO Capital Markets said. Sherwin Williams ( SHW) was upgraded at Credit Suisse to neutral. Fundamentals are expected to continue the positive trend and trump valuation, Credit Suisse said. Price target was increased to $175.
STOCK COMMENTS/EPS CHANGESApple ( AAPL) price target and earnings estimates were reduced at Jefferies. Supplier channel checks indicate lower sales for the first quarter and that the iPhone 5S and low-cost iPhone launches could be pushed to the third quarter, Jefferies said. Price target is now $420. Franklin Resources ( BEN) estimates were raised through 2014 at BMO Capital Markets. Better-than-expected flows qtd, BMO Capital Market said. $154 price target and Market Perform rating. Con-Way ( CNW) earnings estimates and price target were increased at Citigroup. Earnings estimates for fiscal 2014 were increased. The company should retest peak margin levels, Citigroup said. Price target was increased to $42. Dick's Sporting Goods estimates were updated at Citigroup. Estimates through fiscal 2015 were reduced after the company reported fourth-quarter results, Citigroup said. The new estimates reflect lower first-quarter comps, higher planned SG&A and modestly lower gross profit margins, Citigroup added. Dicks Sporting Goods was added to the conviction buy list at Goldman Sachs. Same-store sales trends should recover, and a visable capital allocation plan will drive upside, Goldman said. The price target was reduced to $53.
Google ( GOOG) earnings estimates were reduced at Oppenheimer through 2014. Earnings will be negatively impacted by Google's toolbar policy change, and only partially offset by Enhanced Campaigns. Oppenheimer said. Jazz Pharmaceuticals ( JAZZ) earnings estimates and price target were increased at Citigroup. The company has multiple assets that will drive revenue streams beyond 2013, Citi said. The price target was increased to $75. Mellanox ( MLNX) price target was increased at Lazard Capital Markets to $69. The company will benefit from increased traction in Web 2.0 and cloud computing verticals, Lazard Capital Markets said. OfficeMax ( OMX) price target increased at UBS to $12. The update comes after a meeting with management, UBS said. The company has been energized by the transformative transaction, UBS added. Procter & Gamble ( PG) earnings estimates were boosted at Credit Suisse through 2015. Domestic market share is improving, Credit Suisse. Outperform rating and new $48 price target. Ryland ( RYL) earnings and price target were increased at UBS through 2014. The increase reflects the benefit of increased operating leverage, UBS said. The new price target is $36. Urban Outfitters ( URBN) earnings estimates were reduced at UBS through 2014. The update reflects weaker-than-expected fourth-quarter earnings, UBS said. United Technologies ( UTX) price target was increased at UBS to $105. The investor conference on Thursday won't be a catalyst, but easing comps and increased earnings visibility should drive stock upside, UBS said. Yum Brands ( YUM) price target was increased to $80 at Bank of America/Merrill Lynch. China same-store sales for the first quarter were better than expected, and improved sequentially, BofA/Merrill said. >To submit a news tip, email: email@example.com.
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