Oppenheimer Downgrades Aeropostale, Inc. (ARO) to Perform Jun 19, 2013 05:46PM

Oppenheimer downgraded Aeropostale, Inc. (NYSE: ARO) from Outperform to Perform with a price target of $13.00 (from $20.00).

For an analyst ratings summary and ratings history on Aeropostale, Inc. click here. For more ratings news on Aeropostale, Inc. click here.

Shares of Aeropostale, Inc. closed at $13.89 yesterday, with a 52 week range of $11.76-$20.99.


KeyBanc Boosts La-Z-Boy (LZB) Price Target Jun 19, 2013 03:40PM

KeyBanc today maintained a Buy rating on La-Z-Boy (NYSE: LZB) and raised its price target to $23.00 (from $20.00). Yesterday La-Z-Boy reported Q4 results that topped estimates. In the view of analyst Bradley B. Thomas thinks the stock is under-appreciated.

"La-Z-Boy Incorporated continues to post strong sales growth and market share gains while driving significant margin expansion. We continue to believe the LZB story is under-appreciated, and the stock remains one of our top picks for the year," said Thomas.

"We maintain our positive view on the shares as LZB continues to benefit from a cyclical recovery in home-related spending, as well as market share gains and retail execution. Likewise, we believe LZB is positioned to deliver strong flow-through to the bottom line, with the potential for a 20-30% contribution margin longer term," added the analyst.

For an analyst ratings summary and ratings history on La-Z-Boy click here. For more ratings news on La-Z-Boy click here.

Shares of La-Z-Boy closed at $20.28 yesterday, with a 52 week range of $10.95-$20.36.


UPDATE: BofA/Merrill Lynch Upgrades Adobe (ADBE) to Buy Jun 19, 2013 08:47AM

(Updated - June 19, 2013 8:47 AM EDT)

BofA/Merrill Lynch upgraded Adobe (NASDAQ: ADBE) from Neutral to Buy with a price target of $57 (from $47). Following Q2 results and guidance yesterday, BofA ML is positive on Creative Cloud sub adds into 2015. Analysts think the Adobe will be able to convert a large portion of its install base into a recurring revenue stream.

For an analyst ratings summary and ratings history on Adobe click here. For more ratings news on Adobe click here.

Shares of Adobe closed at $43.36 yesterday, with a 52 week range of $29.52-$47.17.


Lazard Raises PT on Chicago Bridge & Iron (CBI) to $75 Jun 19, 2013 08:21AM

Lazard Capital maintained a Buy rating on Chicago Bridge & Iron (NYSE: CBI) and raised its price target to $75.00 (from $65.00). Analyst Will Gabrielski expressed confidence in Chicago Bridge & Iron's earnings power over the next 12 to 24 months and raised his 2014 EPS estimate to $5.33 from $5.00. This is ahead of the consensus of $5.09.

For an analyst ratings summary and ratings history on Chicago Bridge & Iron click here. For more ratings news on Chicago Bridge & Iron click here.

Shares of Chicago Bridge & Iron closed at $61.06 yesterday, with a 52 week range of $33.86-$64.91.


UPDATE: BofA/Merrill Lynch Downgrades Cliffs Natural Resources (CLF) to Underperform Jun 19, 2013 08:04AM

(Updated - June 19, 2013 8:04 AM EDT)

BofA/Merrill Lynch downgraded Cliffs Natural Resources (NYSE: CLF) from Neutral to Underperform with a price target of $16 (from $24). Analyst Timna Tanner noted the high cost of iron ore and met production at Cliffs, and he thinks the company will struggle to compete with new Australia capacity. Despite the downgrade, he sees no reason for a "liquidity panic."

For an analyst ratings summary and ratings history on Cliffs Natural Resources click here. For more ratings news on Cliffs Natural Resources click here.

Shares of Cliffs Natural Resources closed at $18.59 yesterday, with a 52 week range of $16.74-$53.13.


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