Equity Brief: Ratings Changes for December 14th: JOY, KMB, KMT, KRA, LEAP, LII, LOW, LYB
2012-12-14 16:22:12 -
A number of stocks were upgraded and downgraded by equities research analysts
today, as reported by Analyst Ratings Network ( bit.ly/equitybriefdaily)
and Equity Brief:
Barclays Capital lowered its price target on shares of Joy Global Inc. (JOY)
from $81.00 to $77.00. They have an overweight rating on the stock.
Goldman Sachs initiated coverage on shares of Kimberly Clark Corp (KMB). They
issued a neutral rating on the stock and set a $93.00 price target.
Bank of America initiated coverage on shares of Kennametal Inc. (KMT). They
issued a buy rating on the stock and set a $50.00 price target.
SunTrust initiated coverage on shares of Kraton Performance Polymers Inc (KRA).
They issued a neutral rating on the stock and set a $23.00 price target.
Oppenheimer downgraded shares of Leap Wireless (LEAP) from an outperform rating
to a market perform rating.
Sidoti upgraded shares of Lennox International Inc. (LII) from a neutral rating
to a buy rating.
UBS AG raised its price target on shares of Lennox International Inc. (LII) from
$51.00 to $54.00. They have a neutral rating on the stock.
Zacks upgraded shares of Lowe's (LOW) from an underperform rating to a neutral
rating. Zacks now has a $36.00 price target on the stock. Zacks' analyst wrote,
"We upgraded our recommendation on Lowe's to Neutral following impressive third-
quarter 2012 results. The quarterly earnings of $0.40 per share beat the Zacks
Consensus Estimate of $0.35 and rose 11.1% from the year-ago quarter. The
company witnessed an increase of 1.9% in revenue to $12,073 million following a
decline of 2% in the second quarter and also outpaced the Zacks Consensus
Estimate of $11,923 million. Management continues to expect fiscal 2012 earnings
of $1.64 per share and reiterated that total sales for fiscal 2012 are expected
to remain even with the prior year. Lowe's is now concentrating on store
refurbishing, merchandising and operational efficiencies. However, we prefer to
be on the sidelines as we believe that spending on big remodeling projects will
likely remain under pressure until the housing market stabilizes, inventory
levels normalize and consumer-spending rebounds."
SunTrust initiated coverage on shares of LyondellBasell (LYB). They issued a
neutral rating on the stock and set a $52.00 price target.
Sidoti upgraded shares of Metropolitan Health Networks, Inc. (MDF) from a
neutral rating to a buy rating.
Stay on top of analysts' coverage with Analyst Ratings Network's free daily
email newsletter that provides a concise list of analysts' upgrades, downgrades
and initiations. Register at bit.ly/equitybriefdaily
Content and Media Contact: email@example.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Equity Brief via Thomson Reuters ONE