Bed Bath & Beyond (BBBY) numbers were cut at J.P. Morgan. Twelve-month price target is now $75. Estimates were also reduced, given margin pressure, J.P. Morgan said. Neutral rating.
Bed Bath & Beyond 12-month price target was cut at Barclays to $80. Lower-than-expected fourth-quarter numbers and ongoing deterioation of gross margins, Barclays said.
Charles River Laboratories (CRL) 12-month price target was increased to $73 at Jefferies. Earnings estimates were also increased. Outsourced R&D spending is expected to grow with biotech funding contributing, Jefferies said. Buy rating.
Covance (CVD) 12-month price target was raised to $117 at Jefferies. Driven by exposure to biotech and early development, Jefferies said. Buy rating.
Delphi (DLPH) 12-month price target was raised at Barclays to $82. Driven by exposure to secular growth and margin moats, Barclays said.
MSC Industrial Direct (MSM) 12-month price target was increased at UBS to $93. Beat on margins despite weather and improving operating improvement, UBS said. Neutral rating.
Constellation Brands (STZ) numbers were boosted at Societe Generale. Twelve-month price target is now $77. Estimates were also increased, given higher growth in the beer business, Societe Generale said. Sell rating.