Thursday, December 13, 2012

Analyst Ratings

Analyst Ratings


Upgrades


FirmActionTickerCompanyOld RatingNew RatingOld PTNew PTUpside/DownsidePrevious Close

Goldman SachsUpgradeNASDAQ:AVGOAvago TechnologiesNeutralBuy$40.00$44.00
N/A

Credit SuisseUpgradeNASDAQ:BBEPBreitburn EnergyUnderperformNeutral$18.00$19.00
N/A

DavyUpgradeLON:BETBetfair Group
Neutral


N/A

RBC CapitalUpgradeNYSE:BGSB&G FoodsSector PerformOutperform
$32.00 12.6% Upside$28.43

Wells Fargo & Co.UpgradeNYSE:CRLCharles River LaboratoriesMarket PerformOutperform


$35.71

JPMorgan ChaseUpgradeNYSE:CRLCharles River LaboratoriesNeutralOverweight$40.00$42.00 17.6% Upside$35.71

SusquehannaUpgradeNYSE:DRCDresser-RandNeutralPositive$64.00$66.00 24.8% Upside$52.88

NomuraUpgradeNASDAQ:ENGGYENAGAS SA UNSP/ADRReduceNeutral


N/A

Raymond JamesUpgradeNASDAQ:ENOCEnerNOCMarket PerformOutperform
$15.00
N/A

Keefe, Bruyette & WoodsUpgradeNASDAQ:FRMEFirst MerchantsMarket PerformOutperform
$16.00
N/A

Wells Fargo & Co.UpgradeNYSE:GLFGulfmark OffshoreMarket PerformOutperform


$33.35

Deutsche BankUpgradeNYSE:HBCHSBCHoldBuy


$51.82

Deutsche BankUpgradeLON:HSBAHSBC Holdings
Buy
$11.54
N/A

CowenUpgradeNYSE:LLYEli Lilly & Co.UnderperformNeutral


$48.99

Arden Partners LtdUpgradeLON:LRDLaird
Neutral
$3.55
N/A

Goldman SachsUpgradeNASDAQ:MCHPMicrochip TechnologySellNeutral
$29.00
N/A

Keefe, Bruyette & WoodsUpgradeNYSE:MTBM&T Bank Co.Market PerformOutperform
$111.00 13.1% Upside$98.10

Barclays CapitalUpgradeNASDAQ:RFMDRF Micro DeviceEqual WeightOverweight$5.00$6.00
N/A

Credit SuisseUpgradeNYSE:TSOTesoroNeutralOutperform$53.00$60.00 50.1% Upside$39.97

Numis Securities LtdUpgradeLON:VCTVictrex
Hold
$25.71
N/A

Jefferies GroupUpgradeNYSE:VRAVera BradleyHoldBuy$22.00$35.00 44.7% Upside$24.18

Goldman SachsUpgradeNYSE:YUMYum! BrandsNeutralBuy
$77.00 13.8% Upside$67.64

Downgrades


FirmActionTickerCompanyOld RatingNew RatingOld PTNew PTUpside/DownsidePrevious Close

CitigroupDowngradeNYSE:ADIAnalog DevicesBuyNeutral
$45.00 7.1% Upside$42.00

WunderlichDowngradeNASDAQ:ALLTAllot CommunicationsBuyHold$27.00$21.00
N/A

Keefe, Bruyette & WoodsDowngradeNASDAQ:BPFHBoston Private Financial Holdings IncorporatedOutperformMarket Perform
$10.00
N/A

Deutsche BankDowngradeNASDAQ:CCLAYCoca-Cola Amatil LtdBuyHold


N/A

Keefe, Bruyette & WoodsDowngradeNYSE:CMAComericaMarket PerformUnderperform
$28.00 4.2% Downside$29.24

B. RileyDowngradeNASDAQ:CREECreeBuyNeutral
$33.75
N/A

Goldman SachsDowngradeNYSE:DRIDarden RestaurantsBuyNeutral
$49.00 7.1% Upside$45.74

Barclays CapitalDowngradeNASDAQ:DTEGYDeutsche Telekom OverweightEqual Weight


N/A

Bank of AmericaDowngradeNYSE:ENLReed Elsevier NVNeutralUnderperform


N/A

NomuraDowngradeNASDAQ:EONGYE.ON AGNeutralReduce


N/A

Keefe, Bruyette & WoodsDowngradeNASDAQ:HBANHuntington Bancshares IncorporatedMarket PerformUnderperform
$6.25
N/A

Goldman SachsDowngradeNYSE:IRFIntl RectifierNeutralSell
$15.00 14.8% Downside$17.60

CitigroupDowngradeNASDAQ:LLTCLinear TechnologyNeutralSell
$32.00
N/A

Deutsche BankDowngradeNYSE:LXKLexmark InternationalHoldSell
$18.00 30.0% Downside$25.70

Panmure Gordon & Co LimitedDowngradeLON:MARSMarston's
Hold
$2.18
N/A

Jefferies GroupDowngradeNYSE:NBRNabors IndustriesHoldUnderperform$15.00$13.00 10.5% Downside$14.52

Raymond JamesDowngradeNASDAQ:ROICRetail Opportunity Investments CorpOutperformMarket Perform


N/A

NomuraDowngradeNASDAQ:RWEOYRWE AGNeutralReduce


N/A

JPMorgan ChaseDowngradeNYSE:TIETitanium Metals CorpOverweightNeutral$17.00$16.50 0.5% Upside$16.42

Goldman SachsDowngradeNASDAQ:UTHRUnited TherapeuticsNeutralSell
$50.00
N/A

B. RileyDowngradeNASDAQ:VECOVeeco InstrumentsBuyNeutral$35.00$31.00
N/A

Price Target Changes


FirmActionTickerCompanyOld RatingNew RatingOld PTNew PTUpside/DownsidePrevious Close

ISI GroupBoost Price TargetNYSE:ABCAmerisourceBergen Corp.
Buy$47.00$50.00 17.4% Upside$42.59

Canaccord GenuityBoost Price TargetNYSE:CCICrown Castle
Buy$74.00$83.00
N/A

Robert W. BairdLower Price TargetNYSE:CRLCharles River Laboratories
Outperform$44.00$43.00 20.4% Upside$35.71

UBS AGBoost Price TargetNYSE:DALDelta Air Lines
Buy$15.00$16.00 49.7% Upside$10.69

ISI GroupBoost Price TargetNYSE:DHRDanaher
Hold$58.50$61.00 11.5% Upside$54.70

Canaccord GenuityBoost Price TargetNASDAQ:DISHDISH
Buy$35.00$43.00
N/A

CitigroupBoost Price TargetNYSE:FCSFairchild Semiconductor International
Buy$15.00$20.00 42.3% Upside$14.05

Needham & CompanyBoost Price TargetNASDAQ:PLXSPlexus
Buy$23.00$25.00
N/A

CitigroupBoost Price TargetNASDAQ:SLABSilicon Laboratories
Buy$48.00$57.00
N/A

Jefferies GroupBoost Price TargetNASDAQ:SLCAUS Silica Holdings

$17.00$19.00
N/A

OppenheimerBoost Price TargetNYSE:VVisa
Outperform$150.00$170.00 14.9% Upside$147.90

Goldman SachsLower Price TargetNASDAQ:VRTXVertex Pharmaceuticals
Sell$43.00$38.00
N/A

New Coverage


FirmActionTickerCompanyOld RatingNew RatingOld PTNew PTUpside/DownsidePrevious Close

Goldman SachsInitiated CoverageNASDAQ:ACGLArch Capital
Neutral
$43.00
N/A

Robert W. BairdInitiated CoverageNYSE:ALBAlbemarle
Outperform
$72.00 21.3% Upside$59.34

Goldman SachsInitiated CoverageNASDAQ:ALXNAlexion Pharmaceuticals
Buy


N/A

Goldman SachsInitiated CoverageNASDAQ:AMGNAmgen
Neutral


N/A

Goldman SachsInitiated CoverageNYSE:AXSAxis Capital
Buy
$43.00 19.7% Upside$35.91

Deutsche BankInitiated CoverageNYSE:AYRAircastle Limited
Buy
$17.00 40.5% Upside$12.10

JPMorgan ChaseInitiated CoverageNASDAQ:BEAVBE Aerospace
Overweight


N/A

Goldman SachsInitiated CoverageNASDAQ:BIIBBiogen Idec
Buy


N/A

MacquarieInitiated CoverageNYSE:BKDBrookdale Senior Living
Neutral
$25.00 1.0% Downside$25.26

CitigroupInitiated CoverageNYSE:BKWBurger King Worldwide
Buy
$20.00 18.5% Upside$16.88

CitigroupInitiated CoverageNASDAQ:BWLDBuffalo Wild Wings
Neutral
$75.00
N/A

Goldman SachsInitiated CoverageNASDAQ:CELGCelgene
Neutral


N/A

MLV CapitalInitiated CoverageNYSE:CORCoreSite Realty Corp
Buy
$31.00 19.8% Upside$25.88

MLV CapitalInitiated CoverageNYSE:DFTDuPont Fabros Technology
Hold
$26.00 6.7% Upside$24.37

MLV CapitalInitiated CoverageNYSE:DLRDigital Realty Trust
Hold
$70.00 4.9% Upside$66.72

GuggenheimInitiated CoverageNYSE:DRCDresser-Rand
Buy


$52.88

CitigroupInitiated CoverageNYSE:EATBrinker International
Buy
$38.00
N/A

CRT CapitalInitiated CoverageNYSE:EGLEngility Holdings
Fair Value
$18.00
N/A

JPMorgan ChaseInitiated CoverageNASDAQ:FBHSFortune Brands Home & Security
Neutral


N/A

BB&TInitiated CoverageNASDAQ:FIVEFive Below
Hold


N/A

BB&T Capital MktsInitiated CoverageNASDAQ:FIVEFive Below
Hold


N/A

Ladenburg ThalmannInitiated CoverageNASDAQ:GAINGladstone Investment
Neutral


N/A

Goldman SachsInitiated CoverageNASDAQ:GILDGilead Sciences
Neutral


N/A

Robert W. BairdInitiated CoverageNYSE:GRAW.R. Grace & Co.
Outperform
$82.00 21.2% Upside$67.67

SunTrustInitiated CoverageNYSE:HRHealthcare Realty Trust
Neutral


$24.41

BGB SecuritiesInitiated CoverageNASDAQ:IBKRInteractive Brokers
Hold
$14.00
N/A

Janney Montgomery ScottInitiated CoverageNASDAQ:JJSFJ & J Snack Foods Corp
Buy


N/A

Maxim GroupInitiated CoverageNASDAQ:KERXKeryx Biopharmaceuticals
Buy


N/A

Robert W. BairdInitiated CoverageNYSE:MCPMolycorp
Neutral
$10.00 9.3% Downside$11.02

Imperial CapitalInitiated CoverageNYSE:NXQuanex Building Products
In-line
$21.00
N/A

GuggenheimInitiated CoverageNYSE:OISOil States International
Buy


$68.49

Brean MurrayInitiated CoverageNASDAQ:SNTASynta Pharmaceuticals Corp.
Buy
$12.00
N/A

GuggenheimInitiated CoverageNYSE:WUThe Western Union Company
Neutral


$13.23

Ratings Reiterations


FirmActionTickerCompanyOld RatingNew RatingOld PTNew PTUpside/DownsidePrevious Close

JPMorgan ChaseReiterated RatingLON:AALAnglo American
Underweight
$26.95
N/A

Barclays CapitalReiterated RatingLON:ABFAssociated British Foods
Overweight
$23.81
N/A

Piper JaffrayReiterated RatingNASDAQ:ACHNAchillion Pharmaceuticals
Overweight
$16.00
N/A

Exane BNP ParibasReiterated RatingLON:ADMAdmiral Group
Underperform
$13.98
N/A

SusquehannaReiterated RatingNYSE:AETAetna
Positive
$54.00 17.4% Upside$46.00

JPMorgan ChaseReiterated RatingLON:ANTOAntofagasta
Overweight
$24.37
N/A

Jefferies GroupReiterated RatingNYSE:APCAnadarko Petroleum
Buy
$96.00 27.2% Upside$75.47

Exane BNP ParibasReiterated RatingLON:AVAviva plc
Neutral
$5.96
N/A

Bryan Garnier & CieReiterated RatingLON:AZNAstraZeneca
Neutral
$46.16
N/A

Barclays CapitalReiterated RatingLON:BAGA.G.BARR
Overweight
$8.23
N/A

Deutsche BankReiterated RatingLON:BARCBarclays PLC
Buy
$5.81
N/A

Barclays CapitalReiterated RatingLON:BATSBritish American Tobacco
Overweight
$58.10
N/A

RBC CapitalReiterated RatingLON:BGBG Group
Sector Perform
$21.95
N/A

JPMorgan ChaseReiterated RatingLON:BLTBHP Billiton
Neutral
$36.23
N/A

Barclays CapitalReiterated RatingLON:BVICBritvic
Overweight
$6.46
N/A

Deutsche BankReiterated RatingNASDAQ:BWLDBuffalo Wild WingsBuyBuy


N/A

RBC CapitalReiterated RatingLON:CEYCentamin
Outperform
$2.10
N/A

Wells Fargo & Co.Reiterated RatingNASDAQ:CLWRClearwire
Outperform


N/A

Exane BNP ParibasReiterated RatingLON:CNACentrica
Underperform
$4.52
N/A

Canaccord GenuityReiterated RatingNASDAQ:CREECree
Buy
$38.00
N/A

Barclays CapitalReiterated RatingLON:DGEDiageo
Overweight
$32.60
N/A

Exane BNP ParibasReiterated RatingLON:DRXDrax Group
Outperform
$10.17
N/A

JPMorgan ChaseReiterated RatingLON:ENRCEurasian Natural Resources Corp
Neutral
$4.44
N/A

Piper JaffrayReiterated RatingNASDAQ:FNSRFinisar
Overweight
$16.00
N/A

JPMorgan ChaseReiterated RatingLON:FRESFresnillo
Overweight
$34.70
N/A

InvestecReiterated RatingLON:IGGIG Group Holdings
Buy
$9.04
N/A

RBC CapitalReiterated RatingLON:IMGImagination Technologies Group
Underperform
$6.46
N/A

Barclays CapitalReiterated RatingLON:IMTImperial Tobacco Group
Equalweight
$43.98
N/A

Barclays CapitalReiterated RatingLON:ISATInmarsat
Overweight
$10.41
N/A

JPMorgan ChaseReiterated RatingLON:KAZKazakhmys
Underweight
$10.25
N/A

Deutsche BankReiterated RatingLON:LLOYLloyds Banking Group PLC
Buy
$1.07
N/A

Piper JaffrayReiterated RatingNYSE:MONMonsanto
Overweight
$116.00 29.3% Upside$89.68

Jefferies GroupReiterated RatingLON:MRWWM Morrison Supermarkets
Buy
$5.33
N/A

CitigroupReiterated RatingNYSE:MXMagnaChip Semiconductor
Buy


N/A

InvestecReiterated RatingLON:NEXNational Express Group
Hold
$2.91
N/A

Barclays CapitalReiterated RatingLON:PFLPremier Farnell
Overweight
$3.44
N/A

Barclays CapitalReiterated RatingLON:RBReckitt Benckiser Group
Underweight
$53.26
N/A

Deutsche BankReiterated RatingLON:RBSRoyal Bank of Scotland Group plc
Hold
$4.97
N/A

Jefferies GroupReiterated RatingLON:RDSBRoyal Dutch Shell Plc
Buy
$39.54
N/A

JPMorgan ChaseReiterated RatingLON:RIORio Tinto
Overweight
$67.79
N/A

Exane BNP ParibasReiterated RatingLON:RSARSA Insurance Group
Outperform
$2.42
N/A

Barclays CapitalReiterated RatingLON:SABSABMiller
Overweight
$50.03
N/A

Jefferies GroupReiterated RatingNASDAQ:SLCAUS Silica Holdings
Buy


N/A

Credit SuisseReiterated RatingLON:SSESSE
Outperform
$25.82
N/A

Deutsche BankReiterated RatingLON:STANStandard Chartered PLC
Hold
$26.74
N/A

Numis Securities LtdReiterated RatingLON:TPKTravis Perkins
Hold
$16.14
N/A

Morgan StanleyReiterated RatingNYSE:TSOTesoro
Overweight
$50.00 25.1% Upside$39.97

JPMorgan ChaseReiterated RatingLON:TTTUI Travel
Overweight
$5.16
N/A

Barclays CapitalReiterated RatingLON:ULVRUnilever
Overweight
$44.38
N/A

Credit SuisseReiterated RatingLON:UUUnited Utilities Group
Underperform
$9.85
N/A

Credit SuisseReiterated RatingLON:WGJohn Wood Group
Neutral
$14.93
N/A

UBS AGReiterated RatingNYSE:XLXl Group Plc
Neutral
$24.00
N/A

Earnings Results

Earnings For Thursday, December 13


TickerCompanyEPSEstimateYoY Revenue Growth

NYSE:AGXArgan$0.43$0.00

NASDAQ:CIENCiena Corp.($0.07)($0.06)2.2%

NASDAQ:CSPICSP$1.43$0.00

NYSE:PIRPier 1 Imports$0.25$0.2410.9%


Earnings For Wednesday, December 12


TickerCompanyEPSEstimateYoY Revenue Growth

NYSE:AXRAmrep$0.05$0.00

NYSE:BRTBRT Realty Trust$0.12$0.00

NYSE:MNRMonmouth Real Estate$0.10$0.00

NYSE:MTLMechel$0.13$0.00

NYSE:PHXPanhandle Oil And Gas$0.02$0.00

NASDAQ:PUREPure Bioscience($0.25)$0.00

NASDAQ:SGMASigmatron International$0.12$0.00

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