Some of the stocks were watching today: $BLOX $RTRX $SPLK $OVTI

$GS and $DB cut their price target's in half on $BLOX - Trading at 10 year lows pre market

Infoblox downgraded to Neutral from Buy at Goldman
May 30 at 05:34

      Goldman Sachs downgraded Infoblox to Neutral citing a lack of product
revenue growth following the company's Q3 results. The firm lowered its price
target for shares to $15 from $31. Shares of Infoblox were also downgraded
this morning at Deutsche Bank. Deutsche Bank downgraded Infoblox to Hold following the company's weaker than expected guidance. The firm dropped its price target for shares to $18
from $30.

Piper lowered its price target for
shares to $20 from $30 and reiterates an Overweight rating on the name.

Infoblox downgraded to Sector Perform from Outperform at

Pacific Crest

Infoblox downgraded to Equal Weight from Overweight at Stephens
May 30 at 08:29
Profile hits: QU2

      Note this is the fifth downgrade of the day.

$BLOX Infoblox downgraded earlier to Neutral from Buy at UBS
-   Note this is the sixth downgrade of the day.

Tonights Post Market Movers Recap - $RTRX $CRM $MSFT $OVTI $SPLK $EXPR $BLOX

$RTRX --Retrophin Jumps Nearly 12% After Trading Resumption; Inks
Deal for Kidney-Stone Medication, Boosts Revenue Outlook

$BLOX Infoblox President and CEO Resigns, Shares Plunge 20% to 52-Wk LowMay 29 at 16:13

$BLOX 10 year lows are $13.73 - suspect to be tested if this continues

 $CRM $MSFT Microsoft and salesforce.com announce global, strategic partnership May 29 at 16:15

$OVTI OmniVision sees Q1 $0.43-0.63 vs $0.29 Capital IQ Consensus Estimate; seesrevs $360-400 mln vs $305.53 mln Capital IQ Consensus Estima

Solid #'s on $OVTI

$SPLK Splunk beats by $0.02, beats on revs; guides Q2 revs above consensus; guides FY15 revs in-line (Stock Price: 50.03)

$EXPR Express Drops Nearly 10% to 52-Wk Low, Misses Q1 Estimates
and Warns of More Disappointment

Palo Alto Networks target raised to $95 at Needham; $PANW

May 29 at 07:34


      Needham raises their PANW tgt to $95 from $87. F3Q results were
strong, and the revenue beat was accompanied by a very strong billings
performance of +46% y/y. A number of datapoints from the call support firm's thesis that PANW is increasingly viewed as a "platform" in next-gen security and is getting invited to larger deals; Buy.

Twitter upgraded to Buy from Hold at Cantor $TWTR

May 29 at 06:35


      Cantor Fitzgerald upgraded its rating on shares of Twitter (TWTR) to Buy
from Hold citing the recent pullback in shares as well as the company's
"substantial" growth and monetization opportunity. Cantor points out the stock
has sold off over 50% and says it sees more upside than downside in the stock.
The firm keeps a $40 price target for shares, which closed yesterday up $3.26
to $33.77.

Twitter ''figuring out' what kind could be launched in $TWTR

May 29 at 06:04


      Twitter, which has been blocked in China for six years, is exploring what
type of service it could launch in the country "down the road," CEO Dick Costolo
said at the Code Conference, Re/code reports. The company is currently in the
"very beginning stages of conversations about what it would look like or feel
like," Costolo said.

Palo Alto settlement with Juniper better than expected, says Deutsche Bank $PANW $DB

                                                                                                          

May 29 at 06:12                                                                                            

      Deutsche Bank says Palo Alto's (PANW) $175M settlement with Juniper
(JNPR), which included no royalty fee, was "considerably" better than buy-side
expectations, which it pegs at a $500M payment and a 2%-3% royalty. Deutsche
believes Palo Alto's investment case is "materially de-risked" following the
positive settlement news and it raised its price target for shares to $95 from
$90. Deutsche has a Buy rating on the stock.

Palo Alto Networks --- Raymond James Upgraded to STRONG BUY (from Outperform) - Price Target: 90 (from 84) $PANW

Palo Alto Networks upgraded to Outperform from Performat Oppenheimer (Stock Price: 69.51)May 29 at 06:41 $PANW

3D Systems price target lowered to $37 from $40 at JPMorgan $DDD

May 29 at 05:58

      JPMorgan lowered its price target for 3D Systems shares to $37 following
the company's 95M share capital raise. The firm finds the stock "richly-valued,"
but believes those owning the name should keep the position heading into the
investor day event on June 10. JPMorgan keeps a Neutral rating on 3D.

Some Stocks Were Watching This Morning $TWTR $WDAY $DDD $AAPL

Workday --- FBR Capital Reiterated OUTPERFORM - Price Target:
110 (from 150)
May 28 at 06:21  - Lowering P/T significantly

Workday --- Canaccord Genuity Reiterated BUY - Price Target:
105 (from 115)

Twitter --- Nomura Upgraded to BUY (from Neutral)
May 28 at 06:26

3D Systems announces offering of 5.95M shares of common stock
May 27 at 16:41

Apple tgt raised to $655 from $590 at Barclays; maintain

Equal Weight (Stock Price: 625.63)

Ruckus, Nuance, others could be takeover targets for Google, Barron's says

Google, Barron's says
May 25 at 09:36


      Ruckus  $RKUS, iPass $IPAS, Boingo Wireless $WIFI, Gogo $GOGO,
STMicroelectronics  $STM, QuickLogic $QUIK, NXP Semiconductors $NXPI, Splunk
$SPLK, Nuance $NUAN could be acquisition targets for Google $GOOG , Barron's
contends in its "Technology Trader" column.

Avon Products shares look compelling, Barron's says

$AVP Avon Products shares look compelling, Barron's says
May 18 at 17:42
Profile hits: NONE

      Avon Products shares are around the same price they were in the late 1990s
and look compelling. Patient investors should consider the stock, Barron's
contends in a feature article. Bulls see the stock climbing to the low $20s in a
couple of years, the paper adds.

TD Ameritrade shares could rise 35%, Barron's says

$AMTD TD Ameritrade shares could rise 35%, Barron's says
May 18 at 17:45


      TD Ameritrade shares could rise 35% driven by increasing trading volumes,
Barron's contends in a feature article. The company could attract new business
from mass-affluent clients, the paper adds.

Deutsche Bank Rates Tesla at $220

Tesla: 'Weakness Doesn't Reflect Long Term Outlook,'
Deutsche Bank Says -- Barron's Blog
May 14 at 10:05
 
By Ben Levisohn

      April showers have brought May flowers--and May has brought losses for
Tesla Motors ( TSLA) with it.
      Shares of Tesla Motors have dropped 9.3% so far this month, and the
upstart automaker can't blame its weakness on the market--the S&P 500 has gained
0.5% so far in May--or weakness in automakers-- Ford ( F) has dropped 2%, while
General Motors ( GM) has risen 1.3%. It can't even blame the momentum selloff,
as the iShares MSCI USA Momentum ETF ( MTUM) has gained 1.5% so far this month.
      So that leaves, Tesla's earnings, which were better than analysts had
forecast but triggered concerns about higher costs and lower margins. Deutsche
Bank's Rod Lache and team think those worries are overdone:
      Based on disclosures in Tesla's 10Q, we now believe that first-quarter
margins were better than they appeared, supporting expectations for significant
intermediate term earnings despite a significant increase in operating expenses.
4Q13 appears to have been a legitimate 25% margin quarter, after netting out a
warranty gain and a one-time charge which offset the gain. Tesla disclosed
changes in pre-existing warranties of $8.12MM in 1Q14 (this likely includes
the $2MM one-time charge for additional underbody protection Tesla mentioned in
their Q1 release). Excluding this charge, Tesla achieved gross margin of 26.6%
vs. the 25.4% reported. All of this makes our 26.1% gross margin est for Q2
appear quite achievable, and that the company should be able to reach at least
28% by 4Q14 even if there is some moderation of mix.
      Lache rates Tesla Neutral with a $220 price target "based on valuation,
and based on our belief that upside/downside risks for Tesla are relatively
balanced."
      Shares of Tesla Motors have gained 0.2% to $190.48 at 10:01 a.m., while
General Motors has dropped 0.7% to $34.91 and Ford is off 0.2% at $15.83.

Coming Earnings & Economic Calendar

                           Coming Earnings

 Day                    Quarter  Consensus   Year   Ticker
                                  Estimate    Ago
M
ViaSat                    4Q       $0.11    $0.19    VSAT
Leucadia Nat'l            1Q        0.00             LUK
McKesson                  4Q        2.40     1.45    MCK
DealerTrack Techlgy       1Q        0.28     0.27    TRAK
Engility                  1Q        0.48     0.79    EGL
Penn Virginia             1Q       -0.06    -0.19    PVA
Virtusa                   4Q        0.36     0.35    VRTU
Rackspace Hosting         1Q        0.12     0.19    RAX
Contango Oil  &  Gas      1Q        0.62             MCF
Parkway Properties        1Q        0.31     0.33    PKY
Cubic                     2Q        0.76     1.13    CUB
Diamondrock Hospital      1Q        0.14     0.14    DRH

$FUEL Major Downgrades - Price Targets from $25-$60

Rocket Fuel --- Oppenheimer Reiterated OUTPERFORM - Price
Target: 44 (from 68)

Rocket Fuel --- Goldman Downgraded to NEUTRAL (from Buy) -

Price Target: 25 (from 69)

Rocket Fuel downgraded to Market Perform from

Outperform at BMO Capital

Rocket Fuel still undervalued despite disappointing Q1, says

Piper Jaffray Q2. Piper keeps an Overweight

rating on the stock with a $60 price target

Whole Food - Something's Rotten - 6 Downgrades

$WFM Whole Foods Market: Something Rotten in Earnings -- Barron's Blog  


$WFM Whole Foods downgraded to Market Perform from Outperform at BMO Capital

$WFM Whole Foods downgraded to Neutral from Overweight at Piper Jaffray - to Neutral with a $44 price target

$WFM Whole Foods downgraded to Hold from Buy at Deutsche Bank 

$WFM Whole Foods downgraded to Sell from Hold at Cantor

Coming Earnings Were Watching

             Coming Earnings

 Day                    Quarter  Consensus   Year   Ticker
                                  Estimate    Ago
M
Consol Edison             1Q       $1.05    $1.08    ED
Amer Int'l Grp            1Q        1.07     1.34    AIG
Pfizer                    1Q        0.55     0.51    PFE
EOG RESOURCES             1Q        1.21     0.90    EOG
Sysco                     3Q        0.39     0.40    SYY
Occidental Petro          1Q        1.70     1.69    OXY
Vornado Realty Trust      1Q        1.27     1.14    VNO
Anadarko Petroleum        1Q        1.16     1.08    APC