Analysts' Actions: AA, AMD, AXP, LVS, MGM
Southwestern Energy (SWN) upgraded at Stifel from Hold to Buy, Stifel Nicolaus said. $38 price target. New oil plays could drive growth.
T. Rowe Price (TROW) upgraded at BofA/Merrill to Buy, Bank of America/Merrill Lynch said. $74 price target. Company's funds continue to outperform the broader market.
Tyson Foods (TSN) downgraded at JP Morgan from Overweight to Neutral, JP Morgan said. $20 price target. Feed costs are moving higher.
Viacom (VIA.B) downgraded at UBS to Neutral from Buy, UBS said. $48 price target. Growth concerns likely an overhang into 2013.
Wynn Resorts (WYNN) rated new Buy at Cantor. $134 price target. Stock is down 20% since April, but Macau still has plenty of room to grow.
STOCK COMMENTS / EPS CHANGES
Alcoa (AA) estimates, target reduced at JP Morgan. AA estimates were cut through 2013, JP Morgan said. Company is seeing lower aluminum prices. Overweight rating and new $12 price target.Alcoa estimates cut at UBS through 2013 to reflect updated guidance and lower aluminum forecasts, UBS said. Neutral rating and $9.50 price target.
Alcoa numbers lowered at Jefferies. Shares of AA now seen reaching $11, Jefferies said. Estimates also lowered on sluggish aluminum prices. Buy rating.
Advanced Micro Devices (AMD) numbers lowered at Citigroup. Shares of AMD now seen reaching $8, Citigroup said. Estimates also lowered on weak PC market and share loss to Intel.
Advanced Micro numbers reduced at Credit Suisse. Shares of AMD now seen reaching $6, according to Credit Suisse. Estimates also cut, given lower computer demand. Neutral rating.
Advanced Micro Devices numbers cut at UBS. Shares of AMD now seen reaching $7, UBS said. Estimates also lowered as preliminary 2Q sales well below estimates. Buy rating.
Carlyle Group (CG) estimates raised at Citigroup through 2013, Citigroup said. 2Q carry fund performance beats forecast. $29 price target and buy rating.
Dover (DOV) estimates, target reduced at Morgan Stanley. Shares of DOV now seen reaching $64, according to Morgan Stanley. Estimates also cut, given the company's new guidance. Equal-weight rating.
Luminex(LMNX) numbers lowered at Jefferies. Shares of LMNX now seen reaching $17, Jefferies said. Estimates also lowered on GenturaDx acquisition. Hold rating.