Analysts' Actions: HNZ, CRM, LULU
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Belden(BDC) was initiated with a Neutral rating at DA Davidson. $37 price target. Attractive long-term story, but multiples under pressure on euro concerns, DA Davidson said.
Carter's(CRI) was upgraded at Citigroup to Buy from Neutral. $62 price target. EBIT margin trumps competitors and still expanding, Citigroup said.
Salesforce.com(CRM) was upgraded at Oppenheimer to Outperform from Perform. $180 price target, Oppenheimer said. Fast organic growth.
Carrizo Oil & Gas(CRZO) was initiated with a Neutral rating at Credit Suisse. $30 price target. Transition to liquids continues.
Eastman Chemical(EMN) was upgraded at JPMorgan to Overweight from Neutral. Exposure to inexpensive natural gas liquids feedstock supply, JPMorgan said.
National Electric Company of Chile(EOC) was downgraded to Hold at TheStreet Ratings.
StealthGas(GASS) , providers of overseas transportation for LPG producers, was upgraded to Hold at TheStreet Ratings.
H.J. Heinz(HNZ) was downgraded at JPMorgan to Neutral from Overweight. Near-term upside appears limited, JPMorgan said.
H.J. Heinz was downgraded at Jefferies from Buy to Hold. $56 price target. Waiting for North America to recover, Jefferies said.
Illinois Tool Works(ITW) was upgraded at JPMorgan to Overweight from Neutral. Impressed following meetings with management, JPMorgan said.
Lululemon(LULU) was downgraded at KeyBanc to Hold from Buy. Valuation call, as well as more cautious view of the U.S. high-end consumer.
Noble(NE) , a drilling contractor in offshore oil and gas, was downgraded to Hold at TheStreet Ratings.
Roma Financial(ROMA) of Robbinsville, N.J. was downgraded to Hold at TheStreet Ratings.
Synpatics(SYNA) , a maker of computer interface devices, was downgraded to Hold at TheStreet Ratings.
STOCK COMMENTS / EPS CHANGES
Arch Coal(ACI) numbers were cut at Credit Suisse. Shares are now seen reaching $8. Estimates also lowered as company is still facing stiff headwinds, Credit Suisse said.
BlackRock(BLK) estimates were raised at Sterne Agee through 2013 to reflect the final terms of buyback and debt offering. Maintain Neutral rating and $200 price target.