The Container Store Group Inc. (NYSE: TCS) was downgraded to Underperform from Neutral at Bank of America Merrill Lynch and was downgraded to Hold from Buy at Stifel Nicolaus.
Hewlett-Packard Inc. (NYSE: HPQ) was raised to Buy from Hold with a $37 price target at Argus, based on cash growth and operating momentum. Over the weekend we also asked if Goldman Sachs is simply being too hard on Hewlett-Packard with its Sell rating and street low target of $21.
Verizon Communications Inc. (NYSE: VZ) was raised to Buy from Neutral, and it was given a $55 price target, at Merrill Lynch. With the 4.5% dividend, this implies 21% upside if the target is achieved. The firm likes the risk-reward profile, its fundamental positioning and the potential for upside to earnings expectations.
3D Systems Corp. (NYSE: DDD) was downgraded to Underperform from Buy at Merrill Lynch. The firm has concerns that organic growth is likely peaking, as well that its long-term margin profile is at risk. The firm also believes that the increased investments are more of a catchup strategy and are unlikely to drive future incremental growth.
Other Key Analyst Calls
BankUnited Inc. (NYSE: BKU) was raised to Outperform from Neutral and the price target was raised to $37 from $33 at Credit Suisse.
Canadian Solar Inc. (NASDAQ: CSIQ) was started as Overweight at J.P. Morgan.
Comcast Corp. (NASDAQ: CMCSA) was raised to Outperform from Sector Perform at Pacific Crest.
Goodrich Petroleum Corp. (NYSE: GDP) was maintained as Buy but the price target was lowered to $24 from $30, with the explanation not given up and that the stock is oversold, at Canaccord Genuity.
H&R Block Inc. (NYSE: HRB) was started with an Outperform rating and $37 price target at Credit Suisse.
Kindred Healthcare Inc. (NYSE: KND) was raised to Market Perform from Underperform at Wells Fargo.
Marriott International Inc. (NYSE: MAR) was raised to Outperform from Market Perform at Raymond James.
Halliburton Co. (NYSE: HAL) was downgraded to Market Perform from Outperform at Wells Fargo.
U.S. Steel Corp. (NYSE: X) was downgraded to Hold from Buy at KeyBanc Capital Markets.
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