-
UPDATE: Credit Suisse Reiterates Underperform Rating, Raises PT on American Express Company
Friday, January 11, 2013 - 10:30am | 189In a report published Friday, Credit Suisse Group reiterated its Underperform rating on American Express Company (NYSE: AXP), and slightly raised its price target from $58.00 to $59.00. Credit Suisse noted, “AXP preannounced 4Q earnings of $637MM or $0.56/share including pretax charges totaling $...
-
UPDATE: Credit Suisse Downgrades Pepco Holdings to Neutral, Lowers PT
Friday, January 11, 2013 - 10:29am | 122In a report published Friday, Credit Suisse Group downgraded its rating on Pepco Holdings (NYSE: POM) from Outperform to Neutral, and lowered its price target from $23.00 to $20.50. Credit Suisse noted, “We are lowering POM to Neutral from Outperform with a new $20.50 (from $23.00) price target as...
-
Credit Suisse Reiterates Outperform Rating, $750 PT on Apple
Monday, January 7, 2013 - 1:15pm | 94In a report published Monday, Credit Suisse Group reiterated its Outperform rating and $750.00 price target on Apple (NASDAQ: AAPL). Credit Suisse noted, “Reiterate Outperform, sustainable compute advantages. With a structural advantage in the broader compute market, Apple can continue to gain...
-
UPDATE: Credit Suisse Initiates Coverage on SolarCity Corp. with Outperform Rating, $22 PT
Monday, January 7, 2013 - 1:08pm | 129In a report published Monday, Credit Suisse Group initiated coverage on SolarCity Corp. (NASDAQ: SCTY) with an Outperform rating and $22.00 price target. Credit Suisse noted, “We are initiating on SCTY with an Outperform rating and a $22 target price. SolarCity is a rapidly growing energy service...
-
UPDATE: Credit Suisse Upgrades Under Armour to Outperform, Raises PT
Friday, January 4, 2013 - 1:32pm | 112In a report published Friday, Credit Suisse Group upgraded its rating on Under Armour (NYSE: UA) from Neutral to Outperform, and raised its price target from $57.00 to $59.00. Credit Suisse noted, “We are adjusting our estimates to reflect the following FY13 positive catalysts: 1) channel...
-
UPDATE: Credit Suisse Upgrades Urban Outfitters to Outperform, Raises PT
Friday, January 4, 2013 - 1:32pm | 115In a report published Friday, Credit Suisse Group upgrading its rating on Urban Outfitters (NASDAQ: URBN) from Neutral to Outperform, and raised its price target from $42.00 to $48.00. Credit Suisse noted, “We are adjusting our estimates to reflect revenue drivers and margin expansion...
-
UPDATE: Credit Suisse Upgrades Textron to Outperform, Raises PT
Friday, January 4, 2013 - 1:31pm | 154In a report published Friday, Credit Suisse Group upgraded its rating on Textron (NYSE: TXT) from Neutral to Outperform, and raised its price target from $26.00 to $30.00. Credit Suisse noted, “TXT is one of the few diversified companies in our coverage that has not seen substantial strategic /...
-
UPDATE: Credit Suisse Downgrades Lululemon Athletica to Neutral, Lowers PT
Friday, January 4, 2013 - 1:30pm | 108In a report published Friday, Credit Suisse Group downgraded its rating on Lululemon Athletica (NASDAQ: LULU) from Outperform to Neutral, and lowered its price target from $86.00 to $80.00. Credit Suisse noted, “With slowing comp momentum likely and further merchandise margin pressure a distinct...
-
UPDATE: Credit Suisse Reinstates Coverage on United Technologies Corporation with Outperform Rating, $93 PT
Friday, January 4, 2013 - 1:30pm | 162In a report published Friday, Credit Suisse Group reinstated its coverage on United Technologies Corporation (NYSE: UTX) with an Outperform rating and $93.00 price target. Credit Suisse noted, “We think that capital allocation, cost-reduction at GR and CCS, and Otis share recovery offer...
-
UPDATE: Credit Suisse Initiates Coverage on Alon USA Energy with Neutral Rating, $17 PT
Wednesday, January 2, 2013 - 11:10am | 152In a report published Wednesday, Credit Suisse Group initiated coverage on Alon USA Energy (NYSE: ALJ) with a Neutral rating and $17.00 price target. Credit Suisse noted, “We initiate on ALJ with a Neutral recommendation against a deeply undervalued peer group. Management is significantly...
-
UPDATE: Credit Suisse Reiterates Neutral Rating, Lowers PT on Finish Line
Wednesday, January 2, 2013 - 11:09am | 112In a report published Wednesday, Credit Suisse Group reiterated its Neutral rating on Finish Line (NASDAQ: FINL), but lowered its price target from $23.00 to $20.00. Credit Suisse noted, “FINL reports 3Q13 on Friday, and we believe the setup is difficult due to a combination of weaker running...
-
UPDATE: Credit Suisse Initiates Coverage on Alon USA Partners with Neutral Rating, $24 PT
Wednesday, January 2, 2013 - 10:57am | 172In a report published Wednesday, Credit Suisse Group initiated coverage on Alon USA Partners LP (NYSE: ALDW) with a Neutral rating and $24.00 price target. Credit Suisse noted, “We initiate on ALDW, a variable-rate no-IDR MLP, with a Neutral rating. If margins and WTI-Brent spreads meet our...
-
UPDATE: Credit Suisse Reinstates WellPoint with Neutral Rating, $65 PT
Wednesday, January 2, 2013 - 10:51am | 118In a report published Wednesday, Credit Suisse Group reinstated coverage on WellPoint (NYSE: WLP) with a Neutral rating and $65.00 price target. Credit Suisse noted, “WLP is one of the largest managed care companies in the U.S., and recently enhanced its diversification through its acquisition of...
-
UPDATE: Credit Suisse Upgrades United States Steel Corporation to Outperform, Raises PT
Wednesday, January 2, 2013 - 10:44am | 143In a report published Wednesday, Credit Suisse Group upgraded its rating on United States Steel Corporation (NYSE: X) from Neutral to Outperform, and raised its price target from $20.00 to $30.00. Credit Suisse noted, “We are upgrading our rating on the shares of United States Steel from Neutral...
-
UPDATE: Credit Suisse Downgrades Mindray Medical International to Neutral, Lowers PT
Wednesday, January 2, 2013 - 9:41am | 159In a report published Wednesday, Credit Suisse Group downgraded its rating on Mindray Medical International Ltd. (NYSE: MR) from Outperform to Neutral, and lowered its price target from $34.00 to $32.00. Credit Suisse noted, “We learned from Mindray's management that there is potentially a major...