Friday, November 21, 2014

Analysts' Actions: Amazon.com, Best Buy, Caterpillar, GameStop

NEW YORK (TheStreet) -- RATINGS CHANGES AmerisourceBergen was downgraded at FBR Capital Markets to market perform from outperform. Valuation call, as McKesson and Cardinal Health appear more attractive at current levels, FBR Capital Markets said. Automatic Data Processing was initiated with a sell rating at Topeka. Twelve-month price target is $73. Valuation call, as the company should struggle to meet consensus expectations, Topeka said. Must Read: Warren Buffett's Top 10 Dividend Stocks Amazon.com was initiated with a buy rating at Nomura. Twelve-month price target is $410. Stock is attractive, following an 18% decline this year, Nomura said. Best Buy was upgraded at Telsey Advisory to outperform from market perform. $45 price target. Company is seeing higher sales, Telsey said. Caterpillar was initiated with a buy rating at Stifel Nicolaus. Twelve-month price target is $122. Company has both cyclical and seasonal drivers that should boost growth, Stifel Nicolaus said. Cyberonics was downgraded at Sterne Agee to neutral. Domestic sales have stalled and growth headwinds remain, Sterne Agee said. Devon Energy was upgraded to buy at TheStreet Ratings. Dillard's was downgraded at Bank of America/Merrill Lynch to neutral from buy. Valuation call, based on a 12-month price target of $125. REIT strategy is unlikely, BofA/Merrill said. Fiserv was downgraded at Barclays to equal-weight from overweight. Company has performed well, but stock is fully valued at current levels, Barclays said. FMC Tech was initiated at Citigroup with a buy rating. Company is most attractive in its group given product exposure, subsea services strategy, improving execution, customer relationships and technology development, Citigroup said. Twelve-month price target is $68. GameStop was downgraded at Telsey Advisory to market perform from outperform. Twelve-month price target is $45. New gaming cycle is not driving growth as expected, Telsey said. Hormel Foods was initiated at Deutsche Bank with a hold rating. Company has a strong track record, commitment to innovation, experienced management team and potential for balance sheet optimization, but current valuation is reasonable, thus not providing ideal entry point, Deutsche Bank said. Must Read: Delta Order Affirms the Age of the Airbus A350 Is Approaching Alliant Energy was downgraded at Wunderlich to hold from buy. Valuation call, based on a 12-month price target of $64, Wunderlich said. National Oilwell was initiated at Citigroup with a neutral rating. Company has reduced exposure to offshore rigs, but remaining end markets do not offer sufficient growth potential, Citigroup said. Twelve-month price target was set at $76, Citigroup said. Tesla was downgraded to sell at TheStreet Ratings. Wesco Aircraft Holdings was downgraded at Barclays to equal-weight from overweight. Twelve-month price target was reduced to $16 from $24 on poor fourth-quarter results following a surprise miss in the third quarter, Barclays said. Margins continue to underperform, Barclays also said. Wolverine World Wide was upgraded at DA Davidson to buy. Twelve-month price target is $35. Weather is improving sales, and the company can exceed expectations, DA Davidson said. Zebra was upgraded at J.P. Morgan to overweight. Valuation call, based on a 12-month price target of $87, J.P. Morgan said. Must Read: Five Earnings Short-Squeeze Plays Editor's note: To see analysts' stock comments and changes to price targets and earnings estimates, go to "Street Notes", which is available only to Real Money subscribers. To find out how to become a subscriber, please click here. Follow TheStreet on Twitter and become a fan on Facebook.


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