Macy's (NYSE:M) is a Steal Says Credit Suisse (NYSE:CS)

Credit Suisse (NYSE:CS) says they see Macy's (NYSE:M) as being undervalued, and are high on the stock at this share price.

"...while the company is projected to produce 32% more EBITDA than it was in '05, the EV is only 19% higher. This disparity is a rather recent phenomenon as FY1 EBITDA estimates have risen by 25% since the beginning of '10 while EV has only increased by 8%," said Credit Suisse.

They said they have more conviction now in their belief Macy's is undervalued than last month when they boosted their rating on the retailer.

Credit Suisse maintains its "Outperform" rating on Macy's, which was trading at $24.09, gaining $0.58, or 2.47 percent, as of 1:41 PM EST. CS has a price target of $27 on Macy's.

LHC Group (NASDAQ:LHCG) EPS Estimates Lowered by Jefferies (NYSE:JEF)

Saying the downwardly revised EPS estimate on LHC Group (NASDAQ:LHCG) is strictly technical and related to reimbursements, Jefferies (NYSE:JEF) lowered EPS for full year 2010.

They explained, "Today's revision to our FY10 EPS estimate is a strictly technical, reimbursement-related one and does not reflect weakening fundamentals at LHCG. On the contrary, we are raising our FY11 EPS estimate to reflect likely prospects of improved margins from drop sites and cost efficiencies."

Full year revenue, and EBITDA estimates were lowered to $2.72, $633.2M, and $88.4 from $2.78, $635M, and $90.2. Also changed were their estimates for full year 11 to $2.57, $648.3M, and $85.5 from $2.54, $686.3M, and $84.6.

Jefferies reiterates their "Buy" rating on LHC, which closed Monday at $24.25, losing $0.49, or 1.98 percent. They have a price target of $32 on the company.

AutoZone (NYSE:AZO) Near-term Results Uncertain

With the Christmas season upon us, the auto parts industry has historically slowed down because of consumers focusing in on buying gifts. AutoZone (NYSE:AZO) and others will soon find out if that will again be the practice this year, as consumers holding on to their money could have created a demand during the cold season for car parts and maintenance.

Barclays (NYSE:BCS) said, "We will be paying close attention to any indication regarding trends over the past few weeks. During the last couple of years, the auto parts industry has seen a slowdown around the holidays as consumers allocate more of their spending dollars towards giftable items. We think the key to the near-term performance for the auto part stocks will be whether or not this deceleration has occurred this year.

"Given AZO's premium valuation (trading at 10x our CY'10 EBITDA estimate), we think the shares offer a balanced near-term risk/reward. We are raising our price target to $250, which equates to 14X our CY'11 EPS estimate of $18.11 (vs. our old $230 target, which equated to 13X our CY'11 EPS estimate of $17.67)."

Barclays reiterates their "Equalweight" on AutoZone, which closed Monday at $261.91, dropping $3.29, or 1.34 percent. They have a price target of $250 on them, up from the $230 they had before, implying they think the quarter will be slower.

Capri Casinos (NASDAQ:ISLE) Capital Cost Challenge to Continue

With Capri Casinos (NASDAQ:ISLE) increase in capital cost not looking to go away any time soon, Jefferies has lowered their EPS estimates and PT on them, while maintaining their "Hold" rating.

EPS estimates for full year 2011 were lowered from $0.31 to $0.11 and for 2012 they dropped it from $0.38 to 0.02. EBITDA estimates for full year 2011 were lowered from $182.9 to $178.4 and for 2012 from $192.9 to $191.6.

Jefferies maintains their "Hold" rating on Capri Casinos, which closed Friday at $9.54, gaining $0.42, or 4.61 percent. They have a price target of $8.50 on them, dropping it from $9.

Health Management (NYSE:HMA) Outperforming Industry in Revenue Growth

Health Management (NYSE:HMA) is in the middle of a major turnaround, leading the sector in revenue growth. Soleil Securities has maintained their "Buy" rating on them while raising their price target.

Soleil reported, "HMA is in the heart of its turnaround phase, outperforming the industry on revenue growth (solid surgical growth) and same-hospital margin expansion (incremental cost control), and is aggressively building its revenue base via attractively priced acquisitions. We continue to recommend purchase of HMA shares."

Earnings estimates for full year 2011 were raised from $0.67 to $0.72, and EBITDA from $782 million to $800 million.

Health Management closed up Friday at $8.67, gaining $0.05, or 0.58 percent. Soleil has a price target of $10 on them, raising it from $9.

Paragon Shipping Inc. (NYSE:PRGN) Earnings for 2011 Lowered by Cantor Fitzgerald

Cantor Fitzgerald lowered their earnings per share estimates for Paragon Shipping Inc. (NYSE:PRGN) for 2010 and 2011, along with EBITDA.

"We now look for Paragon to report 2010 EPS of $0.39 (from $0.33) and EBITDA of $65 million (from $67 million). For 2011, we look for PRGN to generate EPS of $0.40 and EBITDA of $70 million. We note that our 2011 estimates assume the company's open vessels achieve an average daily rate of $18,000 for the Handymaxes," said Cantor.

Cantor maintained a "Buy" rating on Paragon, while lowering their price target.

Paragon closed Wednesday at $3.69, losing $0.03, or 0.81 percent. Cantor dropped the price target on them from $6 to $5 a share.