Linear Technology ( LLTC) was upgraded at Jefferies to buy. $44 price target. Company is leveraged to higher automotive and industrial growth, Jefferies said. Optical Cable ( OCC) was downgraded to hold at TheStreet Ratings. ON Semiconductor ( ONNN) was downgraded at Jefferies to hold. $8.50 price target. Company may face multiple compression, as the chip sector is entering the late innings of the cycle, Jefferies said.
Palo Alto Networks ( PANW) was upgraded at UBS to buy from neutral. Unjustified low valuation despite industry leading growth, said UBS. Price target is $55. Sprint Nextel ( S) was downgraded at Citigroup to neutral from buy. Margin expansion from Network Vision is priced in, said Citigroup. Price target is now $7.50. Sprint Nextel was upgraded at Deutsche Bank to buy from hold. New analyst has an $8 price target. Company will be the king of new spectrum and can drive above-average growth over the next few years, Deutsche Bank said. Tenet Healthcare ( THC) was initiated with a hold rating at Keybanc. Valuation call, as the stock is up 115% over the past year, Keybanc said.
STOCK COMMENTS/EPS CHANGES
AmerisourceBergen ( ABC) numbers were boosted at Credit Suisse. Shares are now seen reaching $64. WAG deal should add to earnings, Credit Suisse said. Outperform rating. Allergan ( AGN) price target was reduced at Lazard Capital Markets. Shares are now seen reaching $100. Restasis could face increased competition from generics, Lazard Capital Markets said. Buy rating. Axiall ( AXLL) numbers were cut at UBS. Earnings estimates were reduced on weak demand and operation issues, said UBS said. Price target is reduced to $44. CBS ( CBS) price target was raised at Citigroup to $54. Reflects buyback enthusiasm, said Citigroup. Family Dollar ( FDO) numbers were raised at Goldman Sachs. Shares are now seen reaching $69. Estimates were also increased, as the company is realizing better operating leverage, Goldman Sachs said. Neutral rating. Mead Johnson Nutrition ( MJN) numbers were cut at Citigroup. Estimates were reduced given ongoing issues in Hong Kong, dairy inflation and China price pressures, said Citigroup. Price target goes to $77. National Retail ( NNN) estimates were raised at UBS. Reflect the recent financing and increased acquisition estimates, said UBS. Price target is $33.50. Occidental Petroleum ( OXY) price target was boosted at Citigroup to $93. A potential breakup should lead to limited upside in the stock, Citi said. Synchronoss ( SNCR) was added to the Best Ideas List at Wedbush. Pullback has created an attractive buying opportunity, Wedbush said. Outperform rating and $35 price target. >To submit a news tip, email: firstname.lastname@example.org. Follow TheStreet on Twitter and become a fan on Facebook.