Wednesday, October 17, 2012

Analyst Ratings


Analyst Ratings


Upgrades

FirmActionTickerCompanyOld RatingNew RatingOld PTNew PTUpside/Downside
Goldman SachsUpgradeNASDAQ:ADTNADTRANSellNeutral
Raymond JamesUpgradeNASDAQ:BANFBancFirstMarket PerformOutperform
Keefe, Bruyette & WoodsUpgradeNYSE:BROBrown & BrownMarket PerformOutperform
Credit AgricoleUpgradeNYSE:CCitigroupUnderperformOutperform$43.0017.3% Upside
Sandler O'NeillUpgradeNASDAQ:CATYCathay General BancorpHoldBuy
FBR CapitalUpgradeNASDAQ:CHRWC.H. Robinson WorldwideMarket PerformOutperform$53.00$69.0013.3% Upside
Stifel NicolausUpgradeNYSE:CPTCamden Property TrustHoldBuy$76.0018.8% Upside
Raymond JamesUpgradeNYSE:EQREquity ResidentialMarket PerformOutperform
Raymond JamesUpgradeNYSE:ESSEssex Property TrustOutperformStrong-Buy
WunderlichUpgradeNASDAQ:FTNTFortinetHoldBuy$28.0012.9% Upside
Raymond JamesUpgradeNYSE:MAAMid America Apartment CommunitiesOutperformStrong-Buy
Brean MurrayUpgradeNYSE:MURMurphy Oil CorpBuy
Compass PointUpgradeNYSE:NLYAnnaly Capital ManagementNeutralBuy$17.008.1% Upside
Raymond JamesUpgradeNYSE:ORIOld Republic InternationalMarket PerformOutperform
Raymond JamesUpgradeNASDAQ:PNFPPinnacle Financial PartnersMarket PerformOutperform
ArgusUpgradeNYSE:SSprint NextelHoldBuy$7.5031.8% Upside
NomuraUpgradeNASDAQ:YARIYYara International ASAReduceBuy

Downgrades

FirmActionTickerCompanyOld RatingNew RatingOld PTNew PTUpside/Downside
Barclays CapitalDowngradeNYSE:AMTAmerican Tower CorporationOverweightEqual Weight
Bank of AmericaDowngradeNASDAQ:APOLApollo GroupBuyNeutral
Cantor FitzgeraldDowngradeNASDAQ:CSCOCisco SystemsBuyHold$20.50$19.505.1% Upside
JPMorgan ChaseDowngradeNYSE:DBDDiebold IncorporatedNeutralUnderweight
Robert W. BairdDowngradeNASDAQ:EXLSExlService HoldingsOutperformNeutral$32.00$33.0011.2% Upside
Societe GeneraleDowngradeNYSE:IBMIBMHoldSell
Janney Montgomery ScottDowngradeNYSE:IBMIBMBuyNeutral
SusquehannaDowngradeNASDAQ:IMAXImax CorporationPositiveNeutral
Raymond JamesDowngradeNYSE:MDCMDC HoldingsOutperformMarket Perform
Barclays CapitalDowngradeNYSE:MURMurphy Oil CorpOverweightEqual Weight
Buckingham ResearchDowngradeNYSE:PAGPenske AutomotiveBuyNeutral
BMO Capital MarketsDowngradeNYSE:PKGPackaging Co. of AmericaOutperformMarket Perform
Stifel NicolausDowngradeNYSE:PNCPNC Financial ServicesBuyHold
MacquarieDowngradeNASDAQ:RECNResources ConnectionOutperformNeutral
Craig HallumDowngradeNASDAQ:RELLRichardson Electronics LtdBuyHold
Raymond JamesDowngradeNYSE:RYLThe Ryland GroupOutperformMarket Perform
Longbow ResearchDowngradeNYSE:TXNTexas InstrumentsNeutralUnderperform
B. RileyDowngradeNASDAQ:WTSLAWet SealBuyNeutral

Price Target Changes

FirmActionTickerCompanyOld RatingNew RatingOld PTNew PTUpside/Downside
Needham & CompanyBoost Price TargetNASDAQ:CREECree$30.00$32.0022.2% Upside
Needham & CompanyLower Price TargetNASDAQ:FTNTFortinetBuy$34.00$24.003.2% Downside
Northland SecuritiesLower Price TargetNASDAQ:FTNTFortinetOutperform$31.00$29.0016.9% Upside
Janney Montgomery ScottBoost Price TargetNYSE:GILGildan ActivewearNeutral$30.00$35.005.9% Upside
FBR CapitalBoost Price TargetNYSE:GSGoldman SachsOutperform$130.00$145.0016.5% Upside
Sterne AgeeLower Price TargetNASDAQ:INTCIntelNeutral$22.00$20.008.0% Downside
MizuhoBoost Price TargetNASDAQ:ISRGIntuitive SurgicalBuy$540.00$565.0010.2% Upside
Benchmark Co.Boost Price TargetNASDAQ:MANHManhattan AssociatesHold$44.00$50.0015.7% Downside
Caris & Co.Boost Price TargetNYSE:MATMattelAbove Average$39.00$45.0027.0% Upside
MP AdvisorsBoost Price TargetNYSE:MRKMerck & CoOutperform$45.00$50.007.3% Upside
MizuhoBoost Price TargetNASDAQ:NTCTNetScout SystemsBuy$26.50$28.0016.0% Upside
Credit SuisseSet Price TargetNASDAQ:PCLNPriceline$727.00$806.0034.8% Upside
Compass PointLower Price TargetNYSE:PNCPNC Financial ServicesNeutral$65.00$63.004.3% Upside
Janney Montgomery ScottBoost Price TargetNYSE:VFCV.F.Buy$176.00$180.007.0% Upside

New Coverage

FirmActionTickerCompanyOld RatingNew RatingOld PTNew PTUpside/Downside
Credit SuisseInitiated CoverageNYSE:ADTADTOutperform
SusquehannaInitiated CoverageNYSE:ARGAirgasNeutral
Lazard CapitalInitiated CoverageNYSE:AXLAmerican Axle & Manufacturing HoldingsNeutral
BGB SecuritiesInitiated CoverageNASDAQ:FXCMFXCMBuy$11.0022.8% Upside
JMP SecuritiesInitiated CoverageNASDAQ:MLNXMellanox TechnologiesMarket Perform
RBC CapitalInitiated CoverageNASDAQ:NLSNNielsen HldgOutperform
JMP SecuritiesInitiated CoverageNASDAQ:PANLUniversal DisplayOutperform
Morgan StanleyInitiated CoverageNYSE:SHWSherwin WilliamsEqual Weight
Pacific CrestInitiated CoverageNASDAQ:XXIAIxiaOutperform

Ratings Reiterations

FirmActionTickerCompanyOld RatingNew RatingOld PTNew PTUpside/Downside
Societe GeneraleReiterated RatingLON:ADNAberdeen Asset Management plcBuy$5.88
Jefferies GroupReiterated RatingLON:AHTAshtead GroupBuy$6.4521.9% Downside
Deutsche BankReiterated RatingLON:ECMElectrocomponentsHold$3.30
JPMorgan ChaseReiterated RatingLON:HFDHalfords GroupUnderweight$3.92
Deutsche BankReiterated RatingLON:MPIMichael Page InternationalHold$5.64
Jefferies GroupReiterated RatingLON:PSONPearsonHold$20.393355.4% Upside
Barclays CapitalReiterated RatingLON:WTBWhitbreadOverweight$40.69
Societe GeneraleReiterated RatingLON:XTAXstrataHold$18.21

Earnings Results

Earnings For Wednesday, October 17

TickerCompanyEPSEstimateYoY Revenue Growth
NYSE:ABTAbbott Laboratories$1.30$1.28-.4%
NYSE:AOSA.O. Smith$0.79$0.6912.2%
NYSE:APHAmphenol$0.90$0.896.8%
NYSE:BACBank of America$0.00($0.06)-28.0%
NYSE:BKBank of New York Mellon$0.57$0.54-.5%
NYSE:BLKBlackRock$3.47$3.294.3%
NASDAQ:CHKPCheck Point Software$0.79$0.777.8%
NYSE:CMAComerica$0.61$0.66
NYSE:DGXQuest Diagnostics$1.18$1.18-2.9%
NYSE:DOVDover$1.32$1.283.3%
NASDAQ:FCFSFirst Cash Financial Services$0.67$0.67
NYSE:FRCFirst Republic Bank$0.72$0.68
NYSE:HALHalliburton$0.67$0.688.6%
NYSE:KCGKnight Capital Group($6.30)($2.41)-147.8%
NYSE:KNLKnoll$0.26$0.30-8.2%
NYSE:LNNLindsay Corp$0.68$0.7510.1%
NYSE:MTBM&T Bank Co.$2.24$1.85
NASDAQ:NTRSNorthern Trust$0.73$0.74.1%
NYSE:PEPPepsiCo$1.20$1.16-5.3%
NYSE:PJCPiper Jaffray$0.72$0.2938.7%
NYSE:STJSt. Jude Medical$0.83$0.81-4.1%
NYSE:SWKStanley Black & Decker$1.40$1.456.5%
NASDAQ:TAYCTaylor Capital Group$0.49$0.367.2%
NYSE:TXTTextron$0.48$0.516.6%
NYSE:UNFUnifirst Corp$1.13$1.017.4%
NYSE:USBUS Bancorp$0.74$0.748.0%
NYSE:WNSWNS Holdings Ltd$0.24$0.254.6%


Earnings For Tuesday, October 16

TickerCompanyEPSEstimateYoY Revenue Growth
NASDAQ:APOLApollo Group$0.52$0.49-11.0%
NYSE:BMIBadger Meter$0.62$0.4725.0%
NASDAQ:CATYCathay General Bancorp$0.33$0.33
NASDAQ:CBSHCommerce Bancshares$0.75$0.77
NASDAQ:CREECree$0.27$0.2617.4%
NYSE:CSXCSX Corp.$0.44$0.43-2.3%
NASDAQ:DFRGDel Frisco's Restaurant Group$0.10$0.0816.0%
NYSE:DPZDomino's Pizza$0.43$0.41.5%
NYSE:FRXForest Laboratories$0.08$0.02-34.9%
NASDAQ:FTNTFortinet$0.14$0.1417.0%
NASDAQ:FULTFulton Fincl$0.21$0.20
NYSE:GSGoldman Sachs$2.85$2.27132.8%
NYSE:GWWW.W. Grainger$2.81$2.907.8%
NASDAQ:IBKRInteractive Brokers$0.30$0.35-17.4%
NYSE:IBMIBM$3.62$3.61-5.4%
NASDAQ:INTCIntel$0.58$0.49-5.5%
NASDAQ:IRWDIronwood Pharmaceuti$0.42$0.17690.2%
NASDAQ:ISRGIntuitive Surgical$4.46$3.5120.4%
NYSE:JNJJohnson & Johnson$1.25$1.216.5%
NYSE:KOCoca Cola$0.51$0.51.8%
NASDAQ:LLTCLinear Technology$0.45$0.461.6%
NASDAQ:MANHManhattan Associates$0.75$0.6711.9%
NYSE:MATMattel$1.04$0.994.0%
NASDAQ:MRTNMarten Transport, Ltd$0.29$0.314.7%
NYSE:OMCOmnicom$0.74$0.72.8%
NYSE:PNCPNC Financial Services$1.64$1.6012.8%
NASDAQ:PNFPPinnacle Financial Partners$0.33$0.306.2%
NASDAQ:RNSTRenasant Corp.$0.28$0.25
NASDAQ:SONCSonic$0.25$0.24-.2%
NASDAQ:STLYStanley Furniture($0.13)($0.07)-8.0%
NYSE:STTState Street$0.99$0.96-2.7%
NYSE:UNHUnitedHealth Group$1.50$1.348.0%
NYSE:URIUnited Rentals$1.35$1.1271.0%
NASDAQ:WTFCWintrust Financial$0.66$0.56
NYSE:WWWWolverine World Wide$0.72$0.73-2.4%

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