Tuesday, December 27, 2011

Analysts' Actions: CUB, GILD, UBNT

CHANGE IN RATINGS

Akamai(AKAM) was upgraded to Buy at TheStreet Ratings.Cubic(CUB) was downgraded at JP Morgan to Neutral. Company lacks sales visibility and near-term catalysts, JP Morgan said.

E-House China(EJ) was downgraded to Sell at TheStreet Ratings.

Gilead(GILD) was downgraded at Argus Research from Buy to Hold. Acquisition will weigh on earnings for a few years, Argus said.

Informatica(INFA) was started with a Neutral rating at Robert Baird. Valuation call, based on a $50 price target, Baird said.

Medtronic(MDT) was upgraded at Bank of America/Merrill Lynch to Buy. Valuation call, based on a $42 price target, BofA/Merrill said.

Ubiquiti Networks(UBNT) was initiated with a Buy rating at UBS. $25 price target. Large addressable market and innovative business model, UBS said.

Ubiquiti Networks was initiated with a Buy rating at Deutsche Bank. Company is expanding Internet access to more remote areas of the world. $30 price target.

WGL(WGL) was downgraded at Bank of America/Merrill Lynch from Neutral to Underperform. Valuation call, based on a $38 price target.

STOCK COMMENTS / EPS CHANGES

Chico's FAS(CHS) estimates were lowered through 2012 at Oppenheimer. Disappointing traffic and lower units per transaction, Oppenheimer said. Perform rating.

Chico's FAS estimates, target were lowered at UBS. Shares are now seen reaching $11. Estimates were also lowered on pressure to end the year with a clean inventory, UBS said. Neutral rating.

Chico's FAS target reduced at Morgan Stanley. Shares are now seen reaching $12. Company face! s potent ial inventory risk, Morgan Stanley said. Equal-weight rating.

Eaton Vance(EV) estimates were lowered at Sterne Agee through 2013. Outlook promising, but return to historical growth rates unlikely near term, Sterne Agee said. Maintain $27 price target and Neutral rating.

Eaton Vance estimates, target lowered at Citigroup. Shares of EV now seen reaching $20. Estimates were also lowered on declining organic growth, Citigroup said. Sell rating.

First Cash Financial Services(FCFS) estimates were raised at Sterne Agee through 2012 on jewelry scrapping volume, margins and peso exchange rate. Maintain $36 price target and Underperform rating.

Genesco(GCO) estimates were increased through 2013 at Sterne Agee. Fourth quarter is off to a strong start, and guidance is conservative Sterne Agee said. Maintain $70 price target and Buy rating.

Hewlett-Packard(HP) estimates, target were adjusted at Citigroup. Shares are now seen reaching $35. Estimates were lowered on near-term headwinds, Citigroup said. Buy rating.

Hormel Foods(HRL) numbers were increased at Credit Suisse through 2013. Company boosted guidance. Neutral rating and new $32 price target, Credit Suisse said.

Cheniere Energy(LNG) estimates, target were raised at Citigroup. Shares are now seen reaching $19. Estimates were also increased on updated costs of various projects, Citigroup said. Buy rating.

Medtronic(MDT) estimates were lowered through 2012 at Jefferies. Growth challenges, Jefferies said. Hold rating.

Medtronic target was reduced at Brean Murray to $42. Company lacks near-term catalysts, Brean Murray said.

MarkWest Energy(MWE) n! umbers w ere increased at UBS. Shares are now seen reaching $57. Estimates were also increased on positive growth prospects, UBS said. Buy rating.

Nuance Comm.(NUAN) estimates were raised at Oppenheimer through 2012. Better-than-expected results. Outperform rating.

Nuance Comm. target was raised at ThinkEquity to $22. Company continues to deliver solid growth, ThinkEquity said. Hold rating.

Nuance Comm. estimates were increased at UBS through 2012. Mobile segment could be at an inflection point, UBS said. Maintain $29 price target and Buy rating.

Sprint Nextel(S) numbers were lowered at Kaufman Bros. Shares are now seen reaching $2.35. Estimates were also cut, given the iPhone launch and higher network investment, Kaufman Bros. said. Hold rating.

Valspar(VAL) was downgraded at JP Morgan from Overweight to Neutral. Valuation call, based on a $37 price target, JP Morgan said.

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