What Wall Street Analysts Are Buzzing About This Morning

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Good morning. Here’s your daily equity research roundup from the Street.UBS:

NYSE Euronext (NYX): UBS analysts Alex Kramm and Brent Dilts are lowering their price target on NYX to $32 from $34 after the company reported earnings, writing, “Relative to our previous forecast, we have lowered our volume assumptions for all businesses except US cash. We have also lowered our market data fee estimates.”


Kraft Foods (KFT): Jefferies analyst Scott Mushkin is upgrading KFT to Buy from Hold and raising his price target on the stock to $48 from $41, saying that “the business seems to weather the current economic turmoil better than peers.” Of the company’s coming split, Mushkin writes, “We expect the separate companies to accelerate their growth in FY13 after a year of investments and restructuring. Our sum of the parts analysis values KFT at $44-$48.”

Deutsche Bank:

MGM Resorts (MGM): Deutsche Bank analyst Carlo Santarelli is lowering his price target on MGM to $13 from $16, citing “softer 2Q to date gross gaming revenue trends anecdotal colour on soft June trends, and lower non-room/non-gaming spend.”

Piper Jaffray:

Monsanto (MON): Piper Jaffray analysts Michael Cox and Mike Ritzenthaler are raising their price target on MON to $113 from $100, writing that “tight seed supply is set to drive up pricing,” and that “seed availability will be tight, but we are confident in Monsanto’s ability to meet demand.”

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