SolarCity ( SCTY) was initiated with an overweight rating at J.P. Morgan. $68 price target. Distributed solar is a very early-stage growth opportunity, J.P. Morgan said. Sigma-Aldrich ( SIAL) was initiated with an underweight rating at Morgan Stanley. $82 price target. Company's recovery efforts will likely disappoint, Morgan Stanley said.
Scotts Miracle-Gro ( SMG) was upgraded at J.P. Morgan to overweight from neutral. $65 price target. Low raw material costs should boost bottom line, J.P. Morgan said. Stanley Black & Decker ( SWK) was downgraded at Morgan Stanley to equal-weight from overweight. Guidance into 2014 lowered as core revenue remains depressed, Morgan Stanley said. $83 price target Stanley Black & Decker was downgraded at Credit Suisse to neutral from outperform. $71 price target. Estimates also cut, given challenges in security and slower do-it-yourself demand in North America, Credit Suisse said. Xilinx ( XLNX) was downgraded at Piper Jaffray to neutral from overweight. $47 price target. Valuation call, as momentum is slowing, Piper Jaffray said. Xilinx was upgraded at Robert Baird to outperform from neutral. $56 price target. Expect growth to reaccelerate in the March quarter, Baird said.
Stock Comments / EPS Changes
ABM Industries ( ABM) estimates, price target were lifted at Jefferies. Company is seeing growth in new geographies and verticals and positive M&A outlook, Jefferies said. Buy rating and new $31 price target. American Express ( AXP) estimates, price target were increased at Jefferies. Company showed positive trends in billed business. Hold rating and new $78 price target. Bank of America ( BAC) estimates, price target were increased at UBS. Estimates were boosted across the board. The boost was driven by the Consumer and Business Banking group. Neutral rating and new $16 price target. BlackRock ( BLK) numbers were increased at UBS. Shares are now seen reaching $305, driven by healthy growth and demand in retail products, UBS said. Estimates were increased into 2015. Neutral rating. eBay ( EBAY) numbers were lowered at Jefferies. Estimates were trimmed. Metrics show improvement in user experience and mobile growth, but guidance is dampened by soft U.S. market. Buy rating and new $66 price target. eBay estimates, price target were reduced at JMP Securities. Shares are now seen reaching $60. Estimates were also cut, given the company's new guidance, JMP Securities said. Outperform rating.