NEW YORK (TheStreet) -- CHANGE IN RATINGS
Amazon.com was initiated with a buy rating and $340 price target at Citigroup. Retail margin expansion and the opportunity in AWS are underappreciated by investors, Citigroup said.
Baxter was initiated with an outperform rating at Credit Suisse. $81 price target. Company can deliver solid organic sales growth, Credit Suisse said.
Bemis was downgraded at J.P. Morgan to neutral from overweight. Valuation call, as the stock is up 21% year to date, J.P. Morgan said.
eBay was initiated with a buy rating and $65 price target at Citigroup. Marketplace and PayPal will both drive significant growth going forward, Citigroup said.
Facebook was initiated with a neutral rating and $27 price target at Citigroup. The transition from desktop to mobile platforms leaves too many uncertainties in the near term, Citi said.
Fortinet was upgraded at Jefferies to buy. $23 price target. Stock has 5-1 risk-reward potential from current levels, Jefferies said.
Google was initiated with a buy rating and $1,100 price target at Citigroup. The company offers solid secular growth, cost and pricing improvements, and an attractive valuation, Citi said.
GSV Capital was downgraded to sell at TheStreet Ratings.
Healthcare Trust of America was initiated with a hold at TheStreet Ratings.
Hewlett-Packard was upgraded at Citigroup to buy from sell and given a $32 price target. The company is reaching an inflection point for HP's services, and cost cutting will significantly benefit the second half of 2013, Citi said.
Meredith was downgraded at Citigroup to neutral from buy and given a $48 price target. The company's risk-reward has diminished given the run in the stock.
Norfolk Southern was downgraded at Deutsche Bank to hold from buy. $83 price target. Valuation call, as the stock has gained 20% year to date, Deutsche said.
OpenTable was initiated with a sell rating and $58 price target at Citigroup. High levels of market penetration will lead to a deceleration of growth, Citi said.
Sealed Air was upgraded at J.P. Morgan to overweight from neutral. Necessary culture shift appears to be underway, because of the new management team, J.P. Morgan said.
TW Telecom was downgraded at Citigroup to neutral from buy. Valuation and a lack of meaningful improvement in enterprise purchases drive the call, Citi said. Price target is $30.
Wolverine World Wide was downgraded at Keybanc to hold from buy. Valuation call, even though estimates are moving higher, Keybanc said.
Yahoo! was initiated with a buy rating at Citigroup. Rating based on cash-generation potential and valuation, Citigroup said. The price target is $30.
STOCK COMMENTS/EPS CHANGES
Apple numbers were cut at Canaccord Genuity. Shares are now seen reaching $530. Estimates were also lowered due to slower high-end smartphone sales growth trends, Canaccord Genuity said. Buy rating.
Cree estimates, price target were upped at Wedbush. Estimates were increased through 2014. Company is leveraged to positive industry momentum, Wedbush said. Outperform rating and new $78 price target.
Kroger price target and estimates were raised at Citigroup. Earnings estimates were raised based on accretion related to the merger with Harris Teeter, said Citigroup. Price target goes to $43.
Nasdaq OMX estimates were reduced at Credit Suisse through 2015. Company is facing higher expenses, Credit Suisse said. Neutral rating and $28 price target.
Nu Skin numbers were increased at DA Davidson. Estimates were raised through 2014. Company boosted its guidance, DA Davidson said. Buy rating and new $100 price target.
PetSmart price target was raised at UBS to $79. Offers a nice offensive / defensive mix in an uncertain world, UBS said. Buy rating.
Pioneer Natural Resources price target was raised at Citigroup to $190. Increased confidence in the potential associated with the Permian Basin assets, Citi said.
Qualcomm numbers were cut at Canaccord Genuity. Shares are now seen reaching $84. Estimates also lowered due to slower high-end smartphone sales growth trends, Canaccord Genuity said. Buy rating.
Yahoo! estimates, price target were boosted at Needham. Shares are now seen reaching $28. Estimates were also increased, as the company will likely face a lower tax rate, Needham said. Buy rating.
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