Change in Ratings
Apple (AAPL - Get Report) upgraded at Maxim: AAPL was upgraded from Hold to Buy, Maxim Group said. $167 price target. Company trades at a 40% discount to the market and iPhone margins should remain strong.
Applied Materials (AMAT - Get Report) downgraded at Citi: AMAT was downgraded to Neutral, Citigroup said. Company is facing increased competition and will likely see lower foundry/DRAM equipment sales.
Cabela's (CAB) upgraded at Goldman: CAB was upgraded from Sell to Neutral, Goldman Sachs said. Valuation call, based on a $37 price target.
Cabela's downgraded at Wells: CAB was downgraded from Outperform to Market Perform, Wells Fargo said. Company lacks near-term catalysts.
Mead Johnson (MJN) downgraded at Credit Suisse: MJN was downgraded from Outperform to Neutral, Credit Suisse said. $86 price target. Estimates also cut, as the company is facing a transition year in 2016.
Pandora (P) downgraded at MKM: Rating on P was downgraded from Buy to Neutral, MKM Partners said. $14 price target. Company is facing increased competition.
Pandora downgraded at Oppenheimer: Rating on P was cut from Outperform to Perform, Oppenheimer said. Company is facing increased competition, which is hurting margins.
Pandora downgraded at Pacific Crest: Rating on P was lowered from Overweight to Sector Weight, Pacific Crest said. Ad sales business is showing deteriorating leverage.
Stericycle downgraded at Oppenheimer: SRCL was downgraded from Outperform to Perform, Oppenheimer said. Company is seeing lower hazardous waste demand from energy customers.
USG (USG) downgraded at Jefferies: USG was downgraded from Buy to Hold, Jefferies said. Company is facing pricing pressure in wallboard and ceilings. $27 price target.
Stock Comments / EPS Changes
Amazon (AMZN - Get Report) estimates, target raised at JMP: Shares of AMZN now seen reaching $740, according to JMP Securities. Estimates also increased, given the company's new guidance. Outperform rating.
Activision-Blizzard (ATVI - Get Report) numbers boosted at Sterne Agee. Shares of ATVI now seen reaching $39, according to Sterne Agee CRT. Estimates also upped, as the company's new releases should drive higher sales. Buy rating.
Google (GOOGL - Get Report) estimates, target upped at BMO: GOOGL estimates were boosted through 2016, BMO Capital said. Company is realizing higher margins and buying back more stock. Outperform rating and new $825 price target.
Lifepoint (LPNT) cut from Conviction List at Goldman: LPNT was removed from the Conviction Buy list, according to Goldman Sachs. See higher risks to near-term earnings. $87 price target.
Southwest (LUV - Get Report) estimates, target increased at Credit Suisse: LUV estimates were raised through 2017, Credit Suisse said. Company can continue to boost unit revenue growth. Outperform rating and new $56 price target.
McDonald's (MCD - Get Report) estimates, target raised at Jefferies: Shares of MCD now seen reaching $100, according to Jefferies. Estimates also increased, as the company is seeing higher sales. Hold rating.
Wabco (WBC - Get Report) cut from Conviction Buy List at Goldman: WBC was removed from the Conviction Buy list, according to Goldman Sachs. $126 price target. Estimates also cut, given lower expected margins.