NEW YORK (TheStreet) -- CHANGE IN RATINGS
Celgene (CELG) was upgraded at Credit Suisse to outperform from neutral. $210 price target. Estimates were also boosted, given higher expected Revlimid sales, Credit Suisse said.
Caesars Entertainment (CZR) was initiated with a sell rating at TheStreet Ratings.
3D Systems (DDD) was initiated with a buy rating at Deutsche Bank. $95 price target. Company is expanding margins and should continue to benefit from growing customer demand, Deutsche Bank said.
Quest Diagnostics (DGX) was downgraded to underperform at Bank of America/Merrill Lynch. $55 price target. Expect weak growth and pricing prospects to continue in 2014, BofA/Merrill said.
Edwards Lifesciences (EW) was downgraded at Wells Fargo to market perform from outperform. Company is facing increased domestic competition, Wells Fargo said.
Harman (HAR) was upgraded at Wells Fargo to outperform from market perform. Adoption rates and a recovery in Europe could drive the stock up toward $100, Wells Fargo said.
Johnson Controls (JCI) was upgraded at RBC Capital to Top Pick from outperform. $61 price target. Transformational part of the JCI story is not appreciated by the market, RBC Capital said.
Lehigh Gas Partners (LGP) was initiated with a sell rating at TheStreet Ratings.
Parker Hannifin PH was upgraded at Argus to buy from hold. $139 price target. Company has a competitive edge, and order growth appears to be at an inflection point, Argus said.
Tenneco (TEN) was downgraded at RBC Capital to outperform from Top Pick. Valuation call, based on a $66 price target, RBC Capital said.
United Rentals (URI) was upgraded at RBC Capital to Top Pick from outperform. $85 price target. Company has solid fundamentals and can experience multiple expansion, RBC Capital said.
Stock Comments / EPS Changes
Apple (AAPL) price target was raised at Bank of America/Merrill Lynch. Shares are now seen reaching $600. Expect a China Mobile announcement, which could drive 20 to 30 million incremental iPhone unit sales, BofA/Merrill said. Neutral rating.
Adobe Systems (ADBE) price target was raised at Jefferies. Shares reached $65, Jefferies said. Driven by momentum of strong subscriber growth and creative ARR, Jefferies also said. Buy rating.
Centene (CNC) price target was lowered at Jefferies. Company is expected to lower its guidance, Jefferies said. $65 price target.
Envision Healthcare (EVHC) price target and EPS estimates were increased at UBS. The company is well-positioned to benefit from health care reform, UBS said. $37 price target and buy rating.
FedEx (FDX) price target, estimates were increased at Citigroup. Driven by improvement in profitability and accretion from buyback, Citi said. $170 price target and buy rating, Citigroup said.
Labcorp (LH) estimates, price target were cut at Bank of America/Merrill Lynch. Estimates were also reduced, given lower expected pricing power, BofA/Merrill said. Neutral rating.
McDonald's (MCD) price target was increased at Citigroup. McDonald's raised its own numbers, Citi said. Value and price promos continue to be a key driver, Citi said. $103 price target and neutral rating.
Vail (MTN) estimates, price target were boosted at JMP Securities. Shares are now seen reaching $82. Estimates were also increased, given better weather and pending litigation results, JMP said. Outperform rating.
Newfield Exploration price target, EPS estimates were lowered at UBS. Oil production is less than expected going into 2016, implies material FCF deficits, UBS said. $28 price target and neutral rating.
T. Rowe Price (TROW) price target was increased at Jefferies. Shares reached $91, Jefferies said. Momentum within the retail channel and systematic build-out of international strategy, Jefferies said. Buy rating.