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Analyst Upgrades/Downgrades

Sterne Agee Downgrades UA on Valuation

This is the DECK analyst, Sam Poser, so you should pay attention.

Lowering Rating from Buy to Neutral: Stock Through Our Price Target. Long Term Story Remains Intact

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Upgrades and Downgrades This Morning

Source

Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX) Started as Outperform at Credit Suisse.

Approach Resources Inc. (NASDAQ: AREX) reiterated Buy and raised target to $44 at Canaccord Genuity.

First Solar, Inc. (NASDAQ: FSLR) Maintained Hold but cut target to $30 at Canaccord Genuity.

Freescale Semiconductor (NYSE: FSL) Raised to Outperform at RBC.

Jinko Solar Holding Co. (NYSE: JKS) maintained Neutral but raised target to $10 at Credit Suisse.

K.B. Home (NYSE: KBH) Raised to Overweight at Barclays.

Kroger Co. (NYSE: KR) named as Value stock of the day at Zacks.

Oracle Corporation (NASDAQ: ORCL) Cut to Hold at Jefferies.

Pepsico, Inc. (NYSE: PEP) Reiterated Buy at Gabelli.

Quality Systems, Inc. (NASDAQ: QSII) Started as Neutral at Credit Suisse.

Suntech Power Holdings Co.. Ltd. (NYSE: STP) Cut estimates at Credit Suisse.

Time Warner Inc. (NYSE: TWX) Cut to Neutral at Janney Capital.

Veolia Environnement (NYSE: VE) Raised to Overweight at Morgan Stanley.

Walt Disney Co. (NYSE: DIS) Raised to Buy at Janney Capital.

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Upgrades and Downgrades This Morning

Source

Arch Coal, Inc. (NYSE: ACI) Cut to Market Perform at BMO.

Cabela’s, Inc. (NYSE: CAB) named as Bull of the Day at Zacks.

China Mobile Limited (NYSE: CHL) Raised to Buy at Goldman Sachs.

Dick’s Sporting Goods Inc. (NYSE: DKS) Started as Buy at Argus.

D.R. Horton (NYSE: DHI) Raised to Outperform at Credit Suisse.

GFI Group (NASDAQ: GFIG) Raised to Outperform at Keefe Bruyette & Woods.

Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) Cut to Neutral at BofA/ML.

Herbalife Ltd. (NYSE: HLF) Started as Overweight at Barclays.

Johnson & Johnson (NYSE: JNJ) Started as Hold at Jefferies.

KB Home (NYSE: KBH) named Bear of the Day at Zacks.

Kohl’s Corporation (NYSE: KSS) Raised to Buy at Jefferies.

Lennar Corporation (NYSE: LEN) Raised to Outperform at Credit Suisse.

LifePoint Hospitals, Inc. (NASDAQ: LPNT) Started as Buy at Cantor Fitzgerald.

Medtronic, Inc. (NYSE: MDT) Cut to Sell at Argus.

Toll Brothers Inc. (NYSE: TOL) Raised to Outperform at Credit Suisse.

Weight Watchers International Inc. (NYSE: WTW) Started as Overweight at Barclays.

 

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The ECB Cuts Eurozone GDP Growth Again

Source

“LONDON—The European Central Bank Thursday admitted that the euro-zone’s economy is likely to contract this year, and that inflation will outstrip the bank’s medium target.

Opening his monthly press conference, Mario Draghi said that higher-than-expected energy prices, along with increases in various state-administered prices, meant that “inflation is expected to remain above 2% in 2012, with upside risks prevailing.”

The central inflation forecast for 2012 is now 2.4%, up from 2% three months ago, Mr. Draghi said….”

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Upgrades and Downgrades This Morning

Source 

Apple, Inc. (NASDAQ: AAPL) named Bull of the Day and raised to Outperform with $654 target at Zacks.

Automatic Data Processing, Inc. (NASDAQ: ADP) Raised to Focus List at Credit Suisse.

Express Scripts, Inc. (NASDAQ: ESRX) Raised to Outperform at Macquarie.

General Growth Properties (NYSE: GGP) Started as Neutral at Citigroup.

Kraft Foods Inc. (NYSE: KFT) Cut to Hold at Jefferies.

Lululemon Athletica Inc. (NASDAQ: LULU) Raised to Outperform at Credit Suisse.

MedcoHealth Solutions Inc. (NYSE: MHS) Cut to Neutral at Macquarie.

Moody’s Corporation (NYSE: MCO) Started as Neutral at UBS.

Pandora Media, Inc. (NYSE: P) Cut to Market Perform at Raymond James; Cut to Neutral at Citigroup.

Procter & Gamble (NYSE: PG) Raised to Overweight at JPMorgan.

Verisk Analytics, Inc. (NASDAQ: VRSK) Started as Neutral at UBS.

Vermillion, Inc. (NASDAQ: VRML) Cut to Sell at Ladenberg Thalmann.

 

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S&P Considering Raising Local Government Debt Ratings

“About one-third of U.S. local governments may have their credit rating raised by Standard & Poor’s (MHP) under a new methodology that the company is proposing to boost transparency and comparability.

The change would affect about 3,800 issuers, S&P said in a report today. About 65 percent of ratings may remain unchanged under the plan, while 3 percent could drop, typically by one level, S&P said…”

Read more

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Upgrades and Downgrades This Morning

Source

Amgen Inc. (NASDAQ: AMGN) Cut to Market Perform at Bernstein.

Annaly Capital Management, Inc. (NYSE: NLY) Cut to Market Perform at Wells Fargo.

Genuine Parts Co. (NYSE: GPC) named as Bull of the Day at Zacks.

Google Inc. (NASDAQ: GOOG) Started as Buy at Nomura.

LifePoint Hospitals Inc. (NASDAQ: LPNT) Raised to Neutral at Credit Suisse.

Lululemon Athletica Inc. (NASDAQ: LULU) Cut to Hold on valuation at Argus.

Nuance Communications Inc. (NASDAQ: NUAN) Started as Market Perform at Wells Fargo.

Sunoco, Inc. (NYSE: SUN) named Bear of the Day at Zacks.

Yahoo! Inc. (NASDAQ: YHOO) Started as Neutral at Nomura.

Yandex N.V. (NASDAQ: YNDX) Started as Neutral at UBS.

 

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Molycorp (NYSE:MCP): REO Prices Still Falling, but Consumers Are Returning – Morgan Stanley

Morgan Stanley is making some fairly positive comments on Molycorp (NYSE:MCP) saying falling rare earths prices have started to attract customers again.

– They think REO prices, down 25% YTD, have reached a level that will drive demand. A recovery in heavy REO prices may already be under way, with yttrium up in February. Heavy REOs should be followed by magnetic REOs (crucial to MCP’s earnings). MCP shares price in REOs at 30% of spot at full capacity.

Firm is reiterating Overweight rating and $81 PT.

The Details

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Upgrades and Downgrades This Morning

Source

Allstate Corporation (NYSE: ALL) Raised to Buy and $36 target at Argus.

Guidewire Software, Inc. (NYSE: GWRE) Started as Buy at Deutsche Bank; Started as Neutral at Citigroup; Started as Hold at Stifel Nicolaus.

Kennametal Inc. (NYSE: KMT) named as Value stock of the day at Zacks.

Las Vegas Sands (NYSE: LVS) Reiterated Outperform and raised target to $64 at Credit Suisse.

Leap Wireless International, Inc. (NASDAQ: LEAP) Cut to Market Perform at Bernstein.

Lorillard, Inc. (NYSE: LO) named as Bull of the Day at Zacks.

MetroPCS Communications, Inc. (NYSE: PCS) Cut to Market Perform at Bernstein.

Monster Worldwide, Inc. (NYSE: MWW) Started as Outperform at BMO.

Pandora Media, Inc. (NYSE: P) Raised to Buy at Stifel Nicolaus.

Pier 1 Imports (NYSE: PIR) raised estimates and target to $20 by Oppenheimer.

Toyota Motor Corporation (NYSE: TM) Raised to Outperform at Credit Suisse.

Zynga Inc. (NASDAQ: ZNGA) Cut to Neutral at JPMorgan.

 

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Upgrades and Downgrades This Morning

Source

Alcatel-Lucent, S.A. (NYSE: ALU) Cut to Market Perform at Bernstein.

American Water Works Company, Inc. (NYSE: AWK) Cut to Neutral at Baird; named as Momentum stock of the day at Zacks.

BlackRock, Inc. (NYSE: BLK) Cut to Neutral at Credit Suisse.

Comerica Inc. (NYSE: CMA) Cut to Market Perform at Raymond James.

Domino’s Pizza Inc. (NYSE: DPZ) Reiterated Buy and raised target to $46 at Argus.

KB Home (NYSE: KBH) named as Bear of the Day with Underperform rating at Zacks.

Lowe’s Companies Inc. (NYSE: LOW) Raised to Equal-weight at Morgan Stanley.

MetroPCS Communications Inc. (NYSE: PCS) Maintained Buy with $15 target at Argus.

Monster Worldwide, Inc. (NYSE: MWW) Cut to Neutral at UBS.

Motorola Solutions, Inc. (NYSE: MSI) Raised to Outperform at Credit Suisse.

Regions Financial Corporation (NYSE: RF) Raised to Outperform at Raymond James.

TAL International Group Inc. (NYSE: TAL) named as Value stock of the day at Zacks.

Texas Capital Bancshares (NASDAQ: TCBI) Raised to Outperform as Bull of the Day at Zacks.

Travelers Companies (NYSE: TRV) Cut to Equal-weight at Morgan Stanley.

Unum Group (NYSE: UNM) Raised to Outperform at RBC Capital.

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Who Thinks Apple Can Go to $1000 ?

“Yesterday, Apple broke the $500 billion barrier.

This prompted many people, including me, to wonder whether it could get to $1 trillion.

And the answer to this question seems the same as it was when Apple was $200 a share–yes, it can.

A lot has to go right, of course. But given the relatively reasonable price of Apple’s stock versus Apple’s earnings (15X) and the growth potential for Apple’s three current businesses (Macs, iPhones, iPads) and expected future business (iTVs), it’s just not silly to think that Apple’s stock might double over the next few years.

Of course, any time you acknowledge the possibility that something startling might happen in the future, you get shelled by people who have a vested interest in that thing not happening–in this case, people who are short Apple’s stock or don’t own Apple’s stock.

These people howl in rage at your “hype” or smugly assert that you are a moron. And then they throw out a litany of reasons why what you said might happen might not happen.

And you know what?

They’re right.

Apple might not make it to $1 trillion.

Apple might crash. Apple might trade sideways forever. Apple might go into a decade-long funk and then eventually go bust.

Such is life in the technology industry.

Or any industry, for that matter.

But, still, it’s worth thinking in detail about what would have to happen for Apple to get to $1 trillion, as well as why that might not happen.

WHAT HAS TO HAPPEN FOR APPLE TO GET TO $1 TRILLION”

Read more: 

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Upgrades and Downgrades This Morning

Source

Automatic Data Processing, Inc. (NASDAQ: ADP) Started as Buy at UBS.

First Solar Inc. (NASDAQ: FSLR) Maintained Buy but cut target to $50 at Argus.

Fusion-io, Inc. (NYSE: FIO) Started as Outperform with $50 target at Credit Suisse.

Herbalife Ltd. (NYSE: HLF) Reiterated Buy and raised target to $76 at Argus.

InterActiveCorp (NASDAQ: IACI) Raised to Buy at BofA/ML.

MasterCard Inc. (NYSE: MA) Started as Neutral at UBS.

Paychex, Inc. (NASDAQ: PAYX) Started as Buy at UBS.

ProAssurance Corp. (NYSE: PRA) named as Bull of the Day at Zacks.

SandRidge Energy, Inc. (NYSE: SD) Cut to Sell at Canaccord Genuity.

Trinity Industries, Inc. (NYSE: TRN) named as Value stock of the day at Zacks.

Ultra Petroleum Corp. (NYSE: UPL) named as Bear of the Day at Zacks.

Visa Inc. (NYSE: V) Started as Neutral at UBS.

Walgreen Co. (NYSE: WAG) Cut to Underperform at BofA/ML.

Wendy’s Company (NYSE: WEN) Cut to Neutral at Janney.

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Upgrades and Downgrades This Morning

Source

Amazon.com Inc. (NASDAQ: AMZN) cut to Underperform and named the Bear of the Day at Zacks.
Apollo Group Inc. (NASDAQ: APOL) Cut to Hold at Deutsche Bank.
Cablevision Systems Corporation (NYSE: CVC) Cut to Neutral at Collins Stewart.
Chevron Corporation (NYSE: CVX) Raised to Buy at Deutsche Bank.
Coinstar, Inc. (NASDAQ: CSTR) Cut to Neutral at JPMorgan.
Discover Financial Services (NYSE: DFS) Raised to Outperform as Bull of the Day at Zacks.
Domino’s Pizza Inc. (NYSE: DPZ) Cut to Neutral at JPMorgan.
MetroPCS Communications, Inc. (NYSE: PCS) Cut to Neutral at UBS; Started as Neutral at Nomura.
Valmont Industries, Inc. (NYSE: VMI) named as Value stock of the day at Zacks.
Williams Companies, Inc. (NYSE: WMB) Raised to Conviction Buy List at Goldman Sachs; Started as Overweight at Barclays.
YRC Worldwide. Inc. (NASDAQ: YRCW) maintained Underperform but cut target to $6 from $15 at Credit Suisse.

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Upgrades and Downgrades This Morning

Source

Apollo Group Inc. (NASDAQ: APOL) Raised to Overweight at Barclays.
Charter Communications (NASDAQ: CHTR) Maintained Outperform but raised target to $74 from $60 at Credit Suisse.
Costco Wholesale Corp. (NASDAQ: COST) Started as Perform at Oppenheimer.
Dendreon Corporation (NASDAQ: DNDN) Maintained Neutral but cut target to $13 at Credit Suisse.
FreightCar America, Inc. (NASDAQ: RAIL) named as Value Stock of the Day at Zacks.
Genuine Parts Co. (NYSE: GPC) Cut to Hold at Argus.
Green Mountain Coffee Roasters (NASDAQ: GMCR) named as Bull of the Day at Zacks.
Host Hotels & Resorts Inc. (NYSE: HST) Cut to Hold at Argus.
Infosys Limited (NASDAQ: INFY) Cut to Neutral at Janney.
Newmont Mining Corp. (NYSE: NEM) Cut to Hold at TD.
Nokia Corporation (NYSE: NOK) Cut to Underperform at Oppenheimer.
priceline.com Inc. (NASDAQ: PCLN) Reiterated Outperform and raised target to $790 from $710 at Credit Suisse.
Tata Motors Ltd. (NYSE: TTM) Started as Overweight at Morgan Stanley.
USG Corporation (NYSE: USG) Raised to Overweight at JPMorgan.
Willis Group Holdings, Plc (NYSE: WSH) named as Bear of the Day at Zacks.

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Upgrades and Downgrades This Morning

Source

American Campus Communities Inc. (NYSE: ACC) Raised to Buy at Argus.
American Electric Power (NYSE: AEP) Raised to Buy at Jefferies.
Arcelor Mittal (NYSE: MT) named as Bear of the Day at Zacks.
Citigroup, Inc. (NYSE: C) Added to U.S. Focus List at Credit Suisse.
Digital Realty Trust, Inc. (NYSE: DLR) Cut to Sector Perform at RBC.
Dunkin Brands Group, Inc. (NASDAQ: DNKN) Started as Buy at Citigroup.
Genuine Parts Co. (NYSE: GPC) named as Bull of the Day at Zacks.
Interpublic Group of Companies, Inc. (NYSE: IPG) Raised to Buy at Deutsche Bank.
LaSalle Hotel Properties (NYSE: LHO) Raised to Outperform at Wells Fargo.
Sears Holding Corporation (NASDAQ: SHLD) Maintained Underperform at Credit Suisse.
Stone Energy Corporation (NYSE: SGY) named as Value Stock of the Day at Zacks.
Tyco International. Ltd (NYSE: TYC) Raised to Outperform at Credit Suisse.
United Rentals Inc. (NYSE: URI) Started as Buy at Citigroup.

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Upgrades and Downgrades This Morning

Source

ARM Holdings PLC (NASDAQ: ARMH) Started as Overweight at Piper Jaffray.
AvalonBay Communities, Inc. (NYSE: AVB) Raised to Outperform at Credit Suisse.
Gannett Co., Inc. (NYSE: GCI) Started as Equalweight at Barclays.
Deckers Outdoor Corporation (NASDAQ: DECK) Cut to Neutral at Credit Suisse; Maintained Buy with $105 target at Canaccord Genuity.
First Solar, Inc. (NASDAQ: FSLR) Cut to Neutral at Susquehanna.
Forest Oil Corporation (NYSE: FST) Cut to Hold at Canaccord Genuity.
Monster Beverage Corporation (NASDAQ: MNST) Reiterated Conviction Buy List and raised estimates by Goldman Sachs.
Marriott International, Inc. (NYSE: MAR) Raised to Conviction Buy List at Goldman Sachs.
Nabors Industries Ltd. (NYSE: NBR) Raised to Buy with $30 target at Argus.
PolyOne Corporation (NYSE: POL) named as Value Stock of the Day at Zacks.
Red Robin Gourmet Burgers (NASDAQ: RRGB) named as Bull of the Day at Zacks.
Sunoco, Inc. (NYSE: SUN) Cut to Underperform as Bear of the Day at Zacks.
Salesforce.com (NYSE: CRM) Maintained Neutral but raised target to $145 on Credit Suisse; Raised to Buy at ThinkEquity; Reiterated Buy and raised target to $170 at Canaccord Genuity.
Target Corporation (NYSE: TGT) Raised to Buy at Jefferies.
Trina Solar Limited (NYSE: TSL) Cut to Market Perform at Wells Fargo; Cut to Negative at Susquehanna.

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Upgrades and Downgrades This Morning

Source

Brocade Communications Systems Inc. (NASDAQ: BRCD) Reiterated Hold at Argus.
Cabela’s, Inc. (NYSE: CAB) named as value stock of the day at Zacks.
Chesapeake Energy Corporation (NYSE: CHK) Reiterated Neutral at Credit Suisse.
CNOOC Ltd (NYSE: CEO) Cut to Neutral at Credit Suisse.
Excel Maritime Carriers (NYSE: EXM) Cut to Underperform as Bear of the Day at Zacks.
Hewlett-Packard Co. (NYSE: HPQ) Reiterated Neutral at Credit Suisse.
Juniper Networks Inc. (NYSE: JNPR) Cut to Market Perform at FBR.
Level 3 Communications Inc. (NASDAQ: LVLT) Raised to Overweight at Morgan Stanley.
LM Ericsson Telephone Company (NASDAQ: ERIC) Raised to Overweight at JPMorgan.
MercadoLibre (NASDAQ: MELI) Cut to Neutral at JPMorgan.
PetroChina Company Limited (NYSE: PTR) Raised to Outperform at Credit Suisse.
Pool Corporation (NASDAQ: POOL) named Bull of the Day at Zacks.
TJX Companies Inc. (NYSE: TJX) Reiterated Hold at Argus.
VIVUS, Inc. (NASDAQ: VVUS) reiterated Outperform but raised target to $36.00 at Credit Suisse; Raised to Hold at Brean Murray.

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