CenturyLink Inc. (NYSE: CTL) cut to Neutral at J.P. Morgan, cut to Reduce at Nomura and cut to Market Perform at Raymond James.
The Charles Schwab Corp. (NYSE: SCHW) started as Neutral at BofA/Merrill Lynch.
Colgate-Palmolive Co. (NYSE: CL) started as Sell at Canaccord Genuity.
Dell Inc. (NASDAQ: DELL) cut to Market Perform at Raymond James.
Dendreon Corp. (NASDAQ: DNDN) cut to Sell at Maxim Group.
E*TRADE Financial Corp. (NASDAQ: ETFC) started as Underperform with $10 target at BofA/Merrill Lynch.
J.C. Penney Co. Inc. (NYSE: JCP) named as Bear of the Day with quote, “This turn-around may take a little longer than expected. Is now the right time to take risk on in this struggling retailer?” by Zacks Investment Research.
Leap Wireless International Inc. (NASDAQ: LEAP) raised to Outperform at Wells Fargo.
Masco Corp. (NYSE: MAS) raised to Buy with $25 target at Argus.
Nvidia Corp. (NASDAQ: NVDA) cut to Hold at Needham.
Oceaneering International Inc. (NYSE: OII) removed from Conviction Buy List and downgraded to Neutral at Goldman Sachs.
Polycom Inc. (NASDAQ: PLCM) cut to Hold at Stifel Nicolaus.
Prestige Brands Holdings Inc. (NYSE: PBH) named Bull of the Day with quote, “Their products are probably in and around your house; should their stock be in your portfolio?” by Zacks Investment Research.
Procter & Gamble Co. (NYSE: PG) started as Buy at Canaccord Genuity.
Lockheed Martin Corp. (NYSE: LMT) cut to Neutral at Cowen.
Rackspace Hosting Inc. (NYSE: RAX) raised to Outperform after huge sell-off at Raymond James.
TD Ameritrade Holding Corp. (NYSE: AMTD) started as Buy with a $22 target at BofA/Merrill Lynch.
Verizon Communications Inc. (NYSE: VZ) raised to Outperform at Raymond James.
Here are six value stocks that lowered earnings estimates but have great near-term upside according to UBS.