Taminco ( TAM) was downgraded at UBS to neutral from buy. Based on valuation, said UBS. Price target goes to $24, UBS said. United Stationers ( USTR) was downgraded at Wunderlich to hold from buy. $42 price target. Gross margin may be peaking, Wunderlich said.
Valueclick ( VCLK) was downgraded at Needham to hold from buy. Media revenue growth is slowing down, Needham said. Viropharma ( VPHM) was downgraded at Leerink Swann to market perform from outperform. Price target is $34. Benefits of the new pipeline have been priced into the stock, Leerink Swann said. Validus Holdings ( VR) was downgraded to hold at TheStreet Ratings.
Stock Comments / EPS Changes
Barrick Gold ( ABX) numbers were raised at UBS. Estimates were increased given cost reductions, said UBS. Price target goes to $17.50. Automatic Data Processing ( ADP) price target was raised at Citigroup to $73. Reflects valuation being rolled forward and higher market multiples, said Citigroup. Activision Blizzard ( ATVI) numbers were raised at UBS. Estimates were increased on margin expansion and new leverage to the capital structure, said UBS. Price target goes to $21. Avon ( AVP) numbers were decreased at BMO Capital. Earnings estimates were decreased on the second-half 2013 operating margin headwind from foreign exchange, excess Chinese boutique inventory, and falling U.S. sales, said BMO Capital Markets. Price target was decreased to $26. Blackstone Mortgage Trust ( BXMT) estimates were raised at Citigroup. Solid loan growth, said Citigroup. Price target is $27. Cardinal Health ( CAH) numbers were raised at UBS. Estimates were raised for deal amortization and increased AssuraMed contribution, said UBS. Price target goes to $58. Comcast ( CMCSA) numbers were raised at Oppenheimer. Shares are now seen reaching $52. Estimates were also raised on the strong quarter and expected margin growth, Oppenheimer said. CME Group ( CME) numbers were cut at UBS. Estimates were reduced given increased costs, lower volumes and lower clearing revenues, said UBS. Price target goes to $83. DirecTV ( DTV) estimates were cut at UBS. Estimates were reduced given weakness in Latin America, said UBS. Price target is $62. FleetCor Technologies ( FLT) was price target raised at Citigroup to $106. Guidance was raised, and the multiple has expanded, said Citi. Kraft Foods ( KRFT) numbers were raised at BMO Capital Markets. Shares are now seen reaching $61. Brand building efforts and new product innovation are helping to achieve sustainable long-term growth, BMO Capital Markets said. Marriott ( MAR) numbers were reduced at BMO Capital. Earnings estimates were lowered on expected second-half 2013 softness in Asia and the Middle East, said BMO Capital Markets, Price target was decreased to $45. >To submit a news tip, email: firstname.lastname@example.org. Follow TheStreet on Twitter and become a fan on Facebook.