UBS Investment Research

UBS Investment Research resumed its coverage on Dominion Resources (NYSE: D) at Neutral and raised its price target from $40 to $54. UBS Investment Research noted, "We are resuming coverage on Dominion with a Neutral rating, as we believe its current valuation reflects its premium utility and...

UBS Investment Research said in a research note on Monday that it reduced its rating on Boston Beer (NYSE: SAM) from Neutral to Sell. The price target on shares was maintained at $103. UBS Investment Research said, "Boston Beer has demonstrated solid topline growth through successful innovations...

UBS Investment Research raises its rating on Cepheid (NASDAQ: CPHD) from Neutral to Buy and lifts its price target from $44 to $45. UBS Investment Research says, "We are upgrading CPHD to Buy from Neutral, as a ~16% decline in shares since 3/26 (vs. ~5% for the S&P) has yielded an attractive...

UBS Investment Research reiterates its Buy rating on Brinker International (NYSE: EAT) and raises its price target from $30 to $35 as sustainable sales warrant a higher valuation on shares. UBS Investment Research comments, "Increasingly, we believe that Brinker initiatives are boosting revenue...

UBS Investment Research reiterates its Buy rating on Advance Auto Parts (NYSE: AAP) but lowers its price target from $102 to $100 on concerns that Q1 results will lag expectations. UBS Investment Research notes, "While we still like AAP's investment story, we think the 1Q'12 results will be...

UBS Investment Research lowers its price target on Buy-rated Tutor Perini (NASDAQ: TPC) from $26 to $24 following disappointment from Q1 report. UBS Investment Research notes, "Adj. Q1 EPS of $0.08 (ex- $0.11 of charges) missed UBSe of $0.41 mainly due to seasonality as well as the timing of new...

UBS Investment Research lowers its price target from $36 to $33 on Buy-rated The Hartford Financial Services Grup Inc (NYSE: HIG). UBS Investment Research says, "We reach a ~$23 per share S-O-P fair value (and ~$28 future value), a depressed value due to low current peer multiples and HIG's weak...

UBS Investment Research lowers its price target from $8 to $7 on Neutral-rated Clear Channel Outdoor Holdings (NYSE: CCO) on limited visibility following a Q1 miss. UBS Investment Research comments, "CCO's comments today, along with LAMR's comments yesterday, confirm limited visibility across...

UBS Investment Research raises its rating on Achillion (NASDAQ: ACHN) from Sell to Hold on a risk/reward that is now balanced. Price target is lowered from $7 from $6. UBS Investment Research comments, "We revisit our stance given the change in valuation (~$450M fully diluted EV). We see five...

UBS Investment Research lowers its price target from $70 to $64 on Buy-rated Buckeye Partners (NYSE: BPL) following a sequentially lower EBITDA for Q1. UBS Investment Research says, "Although disappointed with today's results, we believe the Perth Amboy deal, set to close mid-2012, will help...

UBS Investment Research increases its price target from $48 to $51 on Church & Dwight (NYSE: CHD) on domestic organic growth, but reiterates its Neutral rating on shares as current valuation is full. UBS Investment Research notes, "Church & Dwight's impressive 10.1% consumer domestic...

UBS Investment Research cuts its rating on Joy Global (NYSE: JOY) to Neutral as cheap natural gas leads utilities to switch over from coal. Price target goes from $112 to $85. UBS Investment Research notes, "Recent data indicate increasing U.S. stockpiles of coal due to low electricity generation...

UBS Investment Research increases its price target by $4 to $43 on Buy-rated International Paper (NYSE: IP) as the company's major refocusing yields results. UBS Investment Research notes, "In mid-2005 IP embarked on a major transformation which resulted in $11+ bn in asset sales and major...

UBS Investment Research cuts its price target $4 to $14 on Neutral-rated Inergy LP (NYSE: NRGY) on expectations of continued challenges ahead. UBS Investment Research notes, "In Jan 2012, NRGY announced it would likely reset its distribution lower at its March quarter distribution announcement,...

UBS Investment Research reiterates its Neutral rating on Walt Disney (NYSE: DIS) and raises its price target to $42 from $35 a share on a generally solid quarter for the company. UBS Investment Research says, "DIS's F1Q results were light on revenue, but ahead on EBIT ($2.34B vs. our $2.17B...