Analysts' Actions: CVX DHR FBHS IP XOM

NEW YORK (TheStreet) -- RATINGS CHANGES

Apache (APA) was downgraded at Deutsche Bank to hold from buy. Twelve-month price target is $91. Company lacks near-term catalysts, Deutsche Bank said.

Cabelas (CAB) was initiated with a neutral rating at DA Davidson. Twelve-month price target is $71. Company faces near-term growth headwinds, DA Davidson said.

Cepheid (CPHD) was upgraded at JMP Securities to outperform from market perform. Twelve-month price target is $58. Estimates were also increased, as GeneXpert could be a game-changer for the market, JMP Securities said.

Chevron (CVX) was initiated at Jefferies with a buy rating. Company has the best medium-term growth prospects in integrated oil sector and an attractive valuation, Jefferies said. Twelve-month price target is $140.

Danaher (DHR) was upgraded at ISI Group to strong buy from buy. Twelve-month price target is $86. Market is shifting toward high-quality, large-cap companies with solid free cash flow, ISI Group said.

Devon Energy (DVN) was initiated at BMO Capital Markets with an outperform rating. High-graded portfolio of high-return oily asset should drive improvements in production growth and cash margins, BMO Capital said. Twelve-month price target is $80.

E*Trade (ETFC) was upgraded at Bank of America/Merrill Lynch to neutral from underperform. Industry volumes have been strong and the company has pulled back to a more reasonable valuation, Bank of America/Merrill said. $21 price target.

First Niagara (FNFG) was downgraded at Barclays to underweight from overweight. Stock could prove to be a value trap, Barclays said.

Fortune Brands Home and Security (FBHS) was upgraded at Credit Suisse to outperform from neutral. Downturn is just a pause in the cycle, and the company has attractive long-term growth and cash flow potential, Credit Suisse said. Twelve-month price target is $50.

FireEye (FEYE) was upgraded to buy at Topeka Capital. Twelve-month price target is $70. Stock has pulled back sharply, Topeka Capital said.

General Motors (GM) was downgraded at Morgan Stanley to underweight from equal-weight. Twelve-month price target is $33. No longer see significant risk-adjusted upside, Morgan Stanley said.

Hershey (HSY) was downgraded at Goldman Sachs to sell. Estimates were also cut, given lower sales and margin expectations, Goldman said. Twelve-month price target is $90.

International Paper (IP) was initiated at Credit Suisse with an outperform rating. Attractive valuation and upside driven by strong fundamentals, forceful corporate actions and attractive capital returns to shareholders, Credit Suisse said. Twelve-month price target is $67.

Intuitive Surgical (ISRG) was initiated with an underperform rating at Sterne Agee with an underperform rating. Twelve-month price target is $440. Company is seeing slower procedure growth, Sterne Agee said.

LinkedIn (LNKD) was upgraded at Topeka Capital to buy from hold. Twelve-month price target is $230. Stock is already pricing in concerns of lower growth, Topeka Capital said.

Mallinckrodt (MNK) was upgraded at UBS to buy from sell. M&A action remains aggressive and base business is more resilient with increases in generic portfolio, UBS said. Twelve-month price target is $84.

Netflix (NFLX) was downgraded to hold at TheStreet Ratings.

PerkinElmer (PKI) was downgraded at ISI Group to neutral from buy. Valuation call, based on a $49 price target, ISI Group said.

Science Applications (SAIC) was upgraded at Wells Fargo to market perform from underperform. Company likely will repurchase more shares, Wells Fargo said.

Sinclair Broadcast (SBGI) was upgraded at Wells Fargo to outperform. Expect less FCC regulation for the industry, Wells Fargo said.


Stage Stores (SSI) was upgraded to buy at TheStreet Ratings.

ExxonMobil (XOM) was initiated with a hold rating at Jefferies. Expensive relative to other integrated oil stocks, lags in growth prospects and offers lowest dividend yield, Jefferies said. Twelve-month price target is $96.

Yelp (YELP) was upgraded at CRT Capital to buy from fair value. Stock is attractive, after falling for no fundamental reason, CRT Capital said.

Stock Comments / EPS Changes

Alcoa
(AA) 12-month price target was raised at UBS. Driven by better alumina results and sustained record regional premiums, UBS said. Twelve-month price target is $12.50. Neutral rating.

Alkermes (ALKS) 12-month price target was lifted at MKM Partners to $35. Driven by Lauroxil success, though there are limited catalysts ahead, MKM Partners said. Sell rating.

Citrix (CTXS) 12-month price target was lowered at Jefferies to $65. Lower estimates on lukewarm survey results in the mobile and desktop segment, due to competitive and execution issues, Jefferies said. Buy rating.

Magellan Midstream Partners (MMP) 12-month price target, estimates were raised at Credit Suisse. Driven by raised project backlog and granularity on its growth projects, Credit Suisse said. Twelve-month price target is $80. Outperform rating.

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This article was written by a staff member of TheStreet.

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