Analysts' Actions: ANF CLX KO PG PHM

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Abercrombie & Fitch (ANF) was upgraded at Credit Suisse to outperform from neutral. Twelve-month price target is $52. Estimates were also increased, as the company is cutting costs, Credit Suisse said.

Avon Products (AVP) was initiated at UBS with a sell rating. Company needs to reinvest on brand, products and recruiting. Twelve-month price target is $14. Sell rating.

Church & Dwight (CHD) was initiated at UBS. Strong brand portfolio with potential value-add acquisitions down the road, UBS said. Twelve-month price target is $77. Buy rating.

Cliffs Natural (CLF) was downgraded at Wells Fargo to underperform from market perform. Estimates were also cut, as spot price is weakening, Wells Fargo said.

Clorox (CLX) was initiated at UBS with a sell rating. Top-line pressures with limited organic growth prospects and commodity risks loom, UBS said. Twelve-month price target is $80. Sell rating.

Estee Lauder (EL) was initiated at UBS with a buy rating. Growth opportunities in both mature and growing economies with ability to expand operating margins over time, UBS said. Twelve-month price target is $81. Buy rating.

Intuitive Surgical (ISRG) was downgraded at Cantor Fitzgerald to hold from buy. Valuation call, as the stock is up 18% year to date, Cantor said. Twelve-month price target is $450.

Coca-Cola (KO) was initiated at UBS with a neutral rating. Fighting secular trends, needs tea and energy brands, particularly in exposure to international, UBS said. Twelve-month price target is $40.

Lennar (LEN) was downgraded at Keybanc to hold from buy. Valuation call, said Keybanc.

Magna (MGA) was upgraded at J.P. Morgan to neutral from underweight. Company is realizing higher margins and will likely leverage its balance sheet for acquisitions and buybacks, J.P. Morgan said.


Madison Square Garden (MSG) was downgraded at Needham to hold from buy. Management transition adds risk for investors, Needham said.

Procter & Gamble (PG) was initiated at UBS with a neutral rating. New productivity emphasis good, but pricing and Beauty remain hurdles, UBS said. Twelve-month price target is $81.

PulteGroup (PHM) was upgraded at Keybanc to buy from hold. Twelve-month price target is $26. Efficiency is improving and the company is attractively valued, relative to its peers, Keybanc said.

SunEdison (SUNE) was upgraded at Morgan Stanley to overweight. Twelve-month price target is $24. Commerical-scale market is large and growing, Morgan Stanley said.

Tenneco (TEN) was initiated at UBS with a buy rating. Beneficiary of growth in global emissions content, UBS Said. Twelve-month price target is $70.

WebMD (WBMD) was downgraded at Stifel Nicolaus to hold from buy. Several advertising metrics have turned negative at the same time, Stifel Nicolaus said.

Stock Comments / EPS Changes

Avery Dennison (AVY) was added to the US 1 List at Bank of America/Merrill Lynch. Twelve-month price target is $59. Company should generate higher earnings growth than its peers, BofA/Merrill said.

eBay (EBAY) price target was increased at UBS. Driven by BRIC expansion, growth in key international markets, revamped search capability and branded online storefronts, UBS said. Twelve-month price target is $67.

Huntington Ingalls (HII) numbers were increased at Credit Suisse. Estimates were raised through 2015. Company is expanding margins, Credit Suisse said. Neutral rating and new 12-month price target of $104.

Legg Mason (LM) price target was increased at Jefferies. Outlook for growth to modestly improve, Jefferies said. Twelve-month price target is $46. Hold rating.

The Fresh Market (TFM) price target, EPS estimates were cut at Jefferies. Weather disruptions and new market traffic problems persist, Jefferies said. Twelve-month price target is $36. Hold rating.

United Technologies (UTX) price target was raised at UBS. Driven by UTX's smaller pension deficit, UBS said. Twelve-month price target is $130. Buy rating.

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This article was written by a staff member of TheStreet.

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