Friday, December 7, 2012

Analyst Ratings

Analyst Ratings


Upgrades


FirmActionTickerCompanyOld RatingNew RatingOld PTNew PTUpside/DownsidePrevious Close

JPMorgan ChaseUpgradeNYSE:AETAetnaNeutralOverweight$46.00$52.00 19.9% Upside$43.38

BMO Capital MarketsUpgradeNYSE:AKRAcadia Realty TrustMarket PerformOutperform$25.00$30.00 21.4% Upside$24.72

Leerink SwannUpgradeNASDAQ:ATHNAthenaHealthMarket PerformOutperform


$72.15

Grupo SantanderUpgradeLON:DGEDiageo
buy
$33.70
N/A

Sterne AgeeUpgradeNYSE:DSTDst SystemsNeutralBuy
$71.00 14.8% Upside$61.85

UBS AGUpgradeNASDAQ:EDPFYEDP-Energias de Portugal, S.ANeutralBuy


$26.85

Janney Montgomery ScottUpgradeNYSE:MCDMcDonald'sNeutralBuy


$88.05

Janney CapitalUpgradeNYSE:MCDMcDonald'sNeutralBuy
$104.00 18.1% Upside$88.05

JPMorgan ChaseUpgradeNASDAQ:MPELMelco Crown Entertainment LimitedNeutralOverweight$14.00$20.00 35.8% Upside$14.73

Morgan StanleyUpgradeNASDAQ:RHHBYRoche HoldingEqual WeightOverweight


$49.00

CIBCUpgradeNYSE:RYRBC CapitalSector PerformOutperform


$59.00

CIBCUpgradeNYSE:RYRBC CapitalSector PerformerSector Outperformer


$59.00

JPMorgan ChaseUpgradeNYSE:SYTSyngenta AGUnderweightNeutral


$80.00

Credit SuisseUpgradeNYSE:TSMTaiwan Semiconductor Mfg. Co.NeutralOutperform


$17.05

Downgrades


FirmActionTickerCompanyOld RatingNew RatingOld PTNew PTUpside/DownsidePrevious Close

Cantor FitzgeraldDowngradeNYSE:AVBAvalonBay CommunitiesBuyHold$157.00$142.00 5.5% Upside$134.60

MacquarieDowngradeNASDAQ:BRLIBio-Reference LaboratoriesNeutralUnderperform
$25.00 12.5% Downside$28.56

Canaccord GenuityDowngradeNASDAQ:DRWIDragonWaveBuyHold


$2.15

HSBCDowngradeLON:EMGMan Group
Neutral
$1.32
N/A

Raymond JamesDowngradeNASDAQ:EPHCEpoch Holding CorpOutperformMarket Perform


$27.69

RBC CapitalDowngradeLON:GEMDGem Diamonds Ltd
Sector Perform
$3.21
N/A

Stifel NicolausDowngradeNASDAQ:GPORGulfport EnergyBuyHold


$38.11

StephensDowngradeNASDAQ:IDCCInterDigitalOverweightEqual Weight
$52.00 16.3% Upside$44.71

CitigroupDowngradeNASDAQ:IVNYYInvensys plcBuyNeutral


$5.07

National BankDowngradeTSE:LBLaurentian BankSector PerformUnderperform


N/A

NomuraDowngradeNYSE:NHYNorsk Hydro ASANeutralReduce


N/A

NomuraDowngradeNASDAQ:NHYDYNorsk Hydro ASANeutralReduce


$4.85

Morgan StanleyDowngradeNYSE:NVSNovartisOverweightEqual Weight


$62.42

Roth CapitalDowngradeNASDAQ:OVRLOverland StorageBuyNeutral
$1.00
$1.00

Sandler O'NeillDowngradeNYSE:PRUPrudential FinancialBuyHold


$52.60

Piper JaffrayDowngradeNYSE:RGCRegal EntertainmentOverweightNeutral
$16.00 1.5% Upside$15.76

Goldman SachsDowngradeNASDAQ:RTOKYRentokil Initial plcConviction BuyBuy


$7.43

Scotia CapitalDowngradeNYSE:TDToronto-Dominion BankOutperformSector Perform


$81.67

CIBCDowngradeNYSE:TDToronto-Dominion BankOutperformOutperform


$81.67

CIBCDowngradeNYSE:TDToronto-Dominion BankSector OutperformerSector Performer


$81.67

Goldman SachsDowngradeNYSE:UAMUniversal American CorpNeutralSell
$8.00 1.7% Downside$8.14

BMO Capital MarketsDowngradeNYSE:WSRWhitestone ReitOutperformMarket Perform
$16.00 16.4% Upside$13.74

Price Target Changes


FirmActionTickerCompanyOld RatingNew RatingOld PTNew PTUpside/DownsidePrevious Close

Cantor FitzgeraldLower Price TargetNYSE:AECAssociated Estates
Buy$20.00$17.50 14.6% Upside$15.27

Canaccord GenuitySet Price TargetNASDAQ:AMRNAmarin Co. plc

$26.00$19.00 59.5% Upside$11.91

Jefferies GroupLower Price TargetNASDAQ:BBBYBed Bath & BeyondBuyBuy$78.00$72.00 24.6% Upside$57.80

Needham & CompanyBoost Price TargetNYSE:CMNCantel Medical
Strong-Buy$28.00$33.00 16.3% Upside$28.37

FBR CapitalBoost Price TargetNYSE:CRMSalesforce.com
Outperform$180.00$200.00 26.9% Upside$157.60

Cantor FitzgeraldLower Price TargetNYSE:EQREquity Residential
Buy$68.50$61.00 9.8% Upside$55.56

Cantor FitzgeraldLower Price TargetNYSE:ESSEssex Property Trust
Hold$160.50$149.00 4.6% Upside$142.41

Cantor FitzgeraldLower Price TargetNYSE:HMEHome Properties
Sell$62.00$58.00 3.3% Downside$59.95

Cantor FitzgeraldBoost Price TargetNASDAQ:LGNDLigand Pharmaceutica
Buy$25.00$28.00 55.2% Upside$18.04

Cantor FitzgeraldLower Price TargetNYSE:MAAMid America Apartment Communities
Buy$72.00$69.50 10.5% Upside$62.90

Cantor FitzgeraldBoost Price TargetNYSE:MARMarriott
Buy$44.00$47.00 32.3% Upside$35.53

SusquehannaBoost Price TargetNYSE:NENoble Corp
Positive$43.00$46.00 29.5% Upside$35.53

FBR CapitalBoost Price TargetNYSE:ORealty Income Corp
Market Perform$35.50$37.50 7.7% Downside$40.61

Cantor FitzgeraldLower Price TargetNYSE:PPSPost Properties
Buy$54.00$53.00 8.6% Upside$48.82

WunderlichLower Price TargetNYSE:SNIScripps Networks Interactive
Buy$77.00$73.00 29.3% Upside$56.45

Needham & CompanyBoost Price TargetNASDAQ:TSLATesla Motors
Buy$36.00$38.00 12.0% Upside$33.92

Benchmark Co.Boost Price TargetNYSE:TVLLin Tv Corporation
Buy$5.00$8.00 25.9% Upside$6.36

Cantor FitzgeraldLower Price TargetNYSE:UDRUDR
Hold$28.00$25.00 7.8% Upside$23.19

FBR CapitalLower Price TargetNASDAQ:UTIWUTi Worldwide
Market Perform$14.00$12.50 3.0% Downside$12.88

Stifel NicolausBoost Price TargetNYSE:XPOExpress-1 Expedited
Buy$19.00$21.00 33.7% Upside$15.71

New Coverage


FirmActionTickerCompanyOld RatingNew RatingOld PTNew PTUpside/DownsidePrevious Close

Janney CapitalInitiated CoverageNASDAQ:ABCOAdvisory Board
Buy
$56.00 18.2% Upside$47.36

Janney Montgomery ScottInitiated CoverageNASDAQ:ABCOAdvisory Board
Buy


$47.36

DNB MarketsInitiated CoverageNYSE:ALVAUTOLIV INC
Buy


$61.12

CitigroupInitiated CoverageNASDAQ:ALXNAlexion Pharmaceuticals
Neutral
$104.00 11.3% Upside$93.44

LazardInitiated CoverageNASDAQ:ATMLAtmel
Neutral


$5.48

SunTrustInitiated CoverageNYSE:BACBank of America
Neutral
$11.00 5.2% Upside$10.46

Standpoint ResearchInitiated CoverageNASDAQ:BBBYBed Bath & Beyond
Buy
$70.00 21.1% Upside$57.80

SunTrustInitiated CoverageNYSE:CCitigroup
Buy
$43.00 16.5% Upside$36.90

Janney CapitalInitiated CoverageNYSE:CEBThe Corporate Executive Board Company
Buy
$50.00 13.9% Upside$43.88

Janney Montgomery ScottInitiated CoverageNYSE:CEBThe Corporate Executive Board Company
Buy


$43.88

Janney Montgomery ScottInitiated CoverageNYSE:COFCapital One
Buy


$57.26

Janney CapitalInitiated CoverageNYSE:COFCapital One
Buy
$67.00 17.0% Upside$57.26

BB&TInitiated CoverageNYSE:DDD3D Systems
Buy
$60.00 34.6% Upside$44.57

Topeka CapitalInitiated CoverageNYSE:DHID.R. Horton
Hold


$18.68

BMO Capital MarketsInitiated CoverageNYSE:DHRDanaher
Outperform
$63.00 18.7% Upside$53.07

SunTrustInitiated CoverageNYSE:GSGoldman Sachs
Neutral
$123.00 5.0% Upside$117.18

SunTrustInitiated CoverageNASDAQ:HBANHuntington Bancshares Incorporated
Neutral
$6.50 5.8% Upside$6.15

Barclays CapitalInitiated CoverageNYSE:HTZHertz
Overweight
$21.00 31.3% Upside$16.00

SunTrustInitiated CoverageNYSE:JPMJPMorgan Chase
Buy
$48.00 15.9% Upside$41.42

Topeka CapitalInitiated CoverageNYSE:KBHKB Home
Hold


$14.17

SunTrustInitiated CoverageNYSE:KEYKeyBanc
Neutral


$7.93

Topeka CapitalInitiated CoverageNYSE:LENLennar
Hold
$33.00 9.1% Downside$36.30

JPMorgan ChaseInitiated CoverageNASDAQ:LNEGYLINDE AG S/SDR
Overweight


$17.40

KeyBanc Capital MktsInitiated CoverageNYSE:MAAMid America Apartment Communities
Hold


$62.90

KeyBancInitiated CoverageNYSE:MAAMid America Apartment Communities
Hold


$62.90

Needham & CompanyInitiated CoverageNASDAQ:MCHPMicrochip Technology
Buy
$37.00 21.3% Upside$30.51

JPMorgan ChaseInitiated CoverageNYSE:MPCMarathon Petroleum
Neutral
$62.00 4.5% Upside$59.34

JPMorgan ChaseInitiated CoverageNASDAQ:MPLXMPLX LP
Overweight


$29.34

LazardInitiated CoverageNASDAQ:ONNNON Semiconductor
Neutral


$6.73

WedbushInitiated CoverageNASDAQ:ORCLOracle
Neutral
$36.00 12.3% Upside$32.07

Topeka CapitalInitiated CoverageNYSE:PHMPulteGroup
Buy


$16.24

SunTrustInitiated CoverageNYSE:PNCPNC Financial Services
Buy
$62.00 12.2% Upside$55.27

Topeka CapitalInitiated CoverageNYSE:RYLThe Ryland Group
Buy


$32.37

Howard WeilInitiated CoverageNASDAQ:SLCAUS Silica Holdings
Outperform
$19.00 30.7% Upside$14.54

BB&TInitiated CoverageNASDAQ:SSYSStratasys
Buy
$83.00 17.2% Upside$70.81

Ladenburg ThalmannInitiated CoverageNASDAQ:TGTXTG Therapeutics
Buy
$6.00 192.7% Upside$2.05

Topeka CapitalInitiated CoverageNYSE:TOLToll Brothers
Hold


$30.64

SunTrustInitiated CoverageNYSE:USBUS Bancorp
Neutral
$35.00 10.1% Upside$31.80

SunTrustInitiated CoverageNYSE:WFCWells Fargo & Co.
Neutral
$35.00 6.1% Upside$32.98

Ratings Reiterations


FirmActionTickerCompanyOld RatingNew RatingOld PTNew PTUpside/DownsidePrevious Close

Jefferies GroupReiterated RatingNASDAQ:AMRNAmarin Co. plc
Buy
$28.00 135.1% Upside$11.91

WedbushReiterated RatingNASDAQ:AMRNAmarin Co. plc
Neutral


$11.91

JPMorgan ChaseReiterated RatingLON:AZNAstraZeneca
Underweight
$47.66
N/A

Barclays CapitalReiterated RatingLON:BETBetfair Group
Overweight
$16.53
N/A

Sanford C. BernsteinReiterated RatingLON:BLTBHP Billiton
Outperform
$38.52
N/A

Westhouse SecuritiesReiterated RatingLON:BMSBraemar Shipping Services
Buy
$7.46
N/A

Numis Securities LtdReiterated RatingLON:BVICBritvic
Add
$7.24
N/A

InvestecReiterated RatingLON:CCLCarnival
Buy
$47.34
N/A

Barclays CapitalReiterated RatingLON:CINECineworld Group
Equalweight
$4.14
N/A

RBC CapitalReiterated RatingLON:CNACentrica
Sector Perform
$5.06
N/A

Panmure Gordon & Co LimitedReiterated RatingLON:DCGDairy Crest Group
Buy
$6.58
N/A

RBC CapitalReiterated RatingLON:DRXDrax Group
Sector Perform
$7.86
N/A

Kempen & CoReiterated RatingLON:HMSOHammerson
Overweight
$8.18
N/A

RBC CapitalReiterated RatingLON:III3i Infrastructure
Sector Perform
$2.09
N/A

Societe GeneraleReiterated RatingLON:IMTImperial Tobacco Group
Buy
$44.94
N/A

Panmure Gordon & Co LimitedReiterated RatingLON:MCROMicro Focus International
Buy
$10.14
N/A

Exane BNP ParibasReiterated RatingLON:MRWWM Morrison Supermarkets
Underperform
$4.01
N/A

RBC CapitalReiterated RatingLON:NGNational Grid
Sector Perform
$11.56
N/A

Societe GeneraleReiterated RatingLON:PFCPetrofac Ltd
Buy
$32.10
N/A

Raymond JamesReiterated RatingNASDAQ:PVTBPrivateBancorp
Outperform
$18.00 15.8% Upside$15.54

InvestecReiterated RatingLON:PZCPZ Cussons
Hold
$5.38
N/A

Sanford C. BernsteinReiterated RatingLON:RIORio Tinto
Outperform
$71.42
N/A

RBC CapitalReiterated RatingLON:RRRolls-Royce Holdings
Top Pick
$16.37
N/A

Jefferies GroupReiterated RatingLON:RTORentokil Initial
Hold
$1.41
N/A

Exane BNP ParibasReiterated RatingLON:SBRYJ Sainsbury
Underperform
$5.22
N/A

Brean MurrayReiterated RatingNASDAQ:SHFLShuffle Master
Buy
$19.00 38.3% Upside$13.74

Exane BNP ParibasReiterated RatingLON:SNSmith & Nephew
Outperform
$12.44
N/A

Oriel Securities LtdReiterated RatingLON:SPDSports Direct International
Buy
$7.70
N/A

RBC CapitalReiterated RatingLON:SSESSE
Outperform
$24.88
N/A

MizuhoReiterated RatingLON:STANStandard Chartered PLC
Neutral
$25.82
N/A

RBC CapitalReiterated RatingLON:SVTSevern Trent
Sector Perform
$27.12
N/A

CowenReiterated RatingNASDAQ:SWHCSmith & Wesson
Outperform


$10.77

Exane BNP ParibasReiterated RatingLON:TSCOTESCO
Underperform
$4.98
N/A

Westhouse SecuritiesReiterated RatingLON:UBMUBM
Add
$13.30
N/A

RBC CapitalReiterated RatingLON:UUUnited Utilities Group
Outperform
$12.68
N/A

Barclays CapitalReiterated RatingLON:VODVodafone Group plc
Overweight
$3.21
N/A

Canaccord GenuityReiterated RatingNYSE:WSMWilliams Sonoma
Buy


$44.63

JPMorgan ChaseReiterated RatingLON:WTBWhitbread
Overweight
$40.12
N/A

Earnings Results

Earnings For Friday, December 7


TickerCompanyEPSEstimateYoY Revenue Growth

NYSE:BNSBank of Nova Scotia$1.21$1.18

NYSE:KMGKMG Chemicals$0.36$0.31-8.7%

NYSE:PLMPolymet Mining($0.01)$0.00


Earnings For Thursday, December 6


TickerCompanyEPSEstimateYoY Revenue Growth

NASDAQ:ALOGAnalogic$0.53$0.001.7%

NASDAQ:BRLIBio-Reference Laboratories$0.46$0.0016.4%

NYSE:CMNCantel Medical$0.35$0.006.9%

NASDAQ:CMTLComtech Telecom$0.25$0.00-19.8%

NYSE:COOThe Cooper Companies$1.47$0.009.8%

NYSE:ESLEsterline Technologies$1.97$0.005.6%

NASDAQ:FCE.AForest City Enterprises$0.37$0.00

NASDAQ:FIZZNational Beverage Corp.$0.26$0.00

NASDAQ:FLOWFlow$0.04$0.003.9%

NASDAQ:HITKHi-Tech Pharmacal$0.66$0.001.2%

NYSE:HRBH&R Block($0.37)$0.006.3%

NYSE:HWDHarry Winston Diamond$0.04$0.0050.7%

NYSE:KFYKorn Ferry International$0.25$0.00-6.6%

NASDAQ:LAYNLayne Christensen$0.45$0.00-2.1%

NASDAQ:LULULululemon$0.39$0.0037.5%

NYSE:MEIMethode Electronics$0.62$0.0012.0%

NYSE:MPRMet-Pro$0.19$0.0018.3%

NASDAQ:PANWPalo Alto Networks$0.04$0.0050.4%

NYSE:SFDSmithfield Foods$0.61$0.00-2.6%

NASDAQ:SWHCSmith & Wesson$0.24$0.0048.0%

NYSE:TDToronto-Dominion Bank$1.83$0.004.0%

NASDAQ:TITNTitan Machinery$0.66$0.0037.6%

NASDAQ:UTIWUTi Worldwide$0.16$0.00-10.8%

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