Analysts' Actions: AET COST HMHC PRU SPLS

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Buckle (BKE) was upgraded neutral from sell at Janney Montgomery. Twelve-month price target is $41. The company is seeing higher comp sales, said Janney.

Echostar (SATS) was downgraded to hold by TheStreet Ratings.

GT Advanced (GTAT) was upgraded to outperform from neutral at Credit Suisse. Twelve-month price target is $24. Polysilicon and sapphire prices are rising, said Credit Suisse.

Houghton Mifflin (HMHC) was downgraded to hold from buy at Stifel Nicolaus. This was a valuation call, said Stifel.

Pinnacle (PNFP) was downgraded to hold from buy at Wunderlich. This was a valuation call, as the stock is up 33% over the past six months, said Wunderlich.

Prudential (PRU) was upgraded to buy from neutral at Bank of America/Merrill Lynch. Twelve-month price target is $103. Strong earnings power should support a solid return on equity over the next few years, said BofA/Merrill.

Quality Systems (QSII) was upgraded to market perform from underperform at FBR Capital Markets. This was a valuation call, said FBR.

Telus (TU) was initiated as a hold by TheStreet Ratings.

 

Stock Comments / EPS Changes

Aetna (AET) price target increases at Jefferies. This is due to tailwinds from the Coventry accretion and buybacks. $87 12-month price target and buy rating, Jefferies said.

Costco (COST) price target and EPS were lowered at Jefferies. This was driven by gross margin pressure and expense deleverage. $104 12-month price target and hold rating, Jefferies said.

Huntsman (HUN) price target were upped at Jefferies. This was driven by a new $2B EBITDA target. $30 12-month price target and buy rating, Jefferies said.

NetApp (NTAP) estimates and target were reduced at Sterne Agee. Shares of NTAP are now seen reaching $36, according to Sterne Agee. Estimates were also cut, as the company is facing increased competition. Neutral rating.

PVH (PVH) estimates and target were lowered at Piper Jaffray. PVH estimates were cut through 2016. The company is seeing slower domestic sales and investing more in future growth. Overweight rating and new $146 12-month price target, Piper said.

Staples (SPLS) estimates and target were cut at J.P. Morgan. Shares of SPLS are now seen reaching $12. Estimates were also reduced, as the company is seeing declining sales, said J.P. Morgan. Neutral rating.

Safeway (SWY) price target was increased at Jefferies. The company announced that it reached an agreement to be acquired by a PE consortium led by Cerberus. $40 12-month price target and hold rating, said Jefferies.


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This article was written by a staff member of TheStreet.

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