Applied Materials Inc. (NASDAQ:AMAT) credit score was reduced by Credit Suisse due to overall capex trends after SEMICON. The shares have a Neutral rating.
VMware, Inc. (NYSE:VMW) stays well positioned for growth, according to Cowen crediting larger infrastructure buildouts, SMB virtualization activity, and improved momentum in its expanding product portfolio. Shares have an Outperform rating.
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Arcelor Mittal (NYSE:MT) had its target lowered by RBC Capital due to both a more conservative steel price outlook and increased production costs. The firm keeps and Outperform rating on the stock.
EV Energy Partners LP (NASDAQ:EVEP) target has been lowered by RBC Capital due to a number of headwinds it sees for MLPs, including anemic distribution growth,a 70% natural gas levered production profile, and low NLG prices. The firm keeps an Outperform rating on the stock.
St. Jude Medical Inc. (NYSE:STJ) shares could have a positive reaction to the company’s results for Q2, mentioning its ICD sales come in $10 million higher than expected. The firm thinks the results may calm investor concerns about the continuing issues with Riata/Durata and the possibility for meaningful market share shifts. Leerink keeps its Outperform rating on the stock.
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