Anadarko Petroleum Corp. (NYSE: APC) was reiterated as Outperform but was added to the U.S. Focus List, and the price target was raised to $122 from $109 as the “Next Big Thing,” according to Credit Suisse. Kansas City Southern (NYSE: KSU) was removed from the U.S. Focus List to make room.
Cubist Pharmaceuticals Inc. (NASDAQ: CBST) was raised to Buy from Neutral at Mizuho Securities.
EOG Resources Inc. (NYSE: EOG) was raised to Outperform from Neutral and the target price was raised to $210 from $175 (versus a $171.46 close) at Credit Suisse, based on clear signs of an improving “rate of change” in the Eagle Ford, Bakken and the Delaware Basin.
Hancock Holding Co. (HBHC) was started as Underperform with a $29 price target at Bank of America Merrill Lynch.
Hess Corp. (NYSE: HES) was downgraded to Neutral from Buy at Citigroup.
IBERIABANK Corp. (NASDAQ: IBKC) was started as Buy with a $66 price target at Bank of America Merrill Lynch.
K12 Inc. (NYSE: LRN) guided its enrollment figures lower, and shares were down double-digits after downgrades by BMO Capital Markets and Baird.
Pacific Sunwear of California Inc. (NASDAQ: PSUN) was downgraded to Neutral from Overweight at Piper Jaffray.
Ralph Lauren Corp. (NYSE: RL) was downgraded to Neutral from Overweight at Piper Jaffray.
SVB Financial Group (SIVB) was started as Buy with a $110 price target at Bank of America Merrill Lynch.
TD Ameritrade Holding Corp. (NYSE: AMTD) was raised to Market Perform from Underperform and the price target was raised by $3 to $27 (versus a $25.57 close) by Keefe Bruyette & Woods.
Texas Capital Bancshares (NASDAQ: TCBI) was started as Buy with a $55 price target at Bank of America Merrill Lynch.
ViroPharma Inc. (NASDAQ: VPHM) was downgraded to Neutral from Buy at Mizuho Securities.
We have several grouped calls on Wednesday as well.
- Credit Suisse was very positive on the drug and pharmaceutical sector in a new research coverage call.
- There are some concerns out there that high-yield MLPs may have to cut their dividends (distributions).
- Credit Suisse has a list of stocks it thinks are S&P 500 Index addition candidates.
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