Tyco (TYC) (EPAY) (FTNT) (STX) (WEN) (RGA) Ratings, Price Targets

Tyco International Ltd (NYSE: TYC), Bottomline Technologies (NASDAQ: EPAY), Fortinet, Inc. (NASDAQ: FTNT), Seagate (NYSE: STX), Wendys Arbys Group (NYSE: WEN) and Reinsurance Group of America (NYSE: RGA) ratings and price targets.

Bottomline Technologies (EPAY) had its “Buy” rating reiterated by Canaccord Genuity.

Fortinet, Inc. (FTNT) had its “Market Perform” rating reiterated by Oppenheimer.

Seagate (STX) had its price target raised by Needham & Company from $35.00 to $45.00. They have a “Strong-Buy” rating on the company.

Tyco International Ltd (TYC) had its price target raised by FBR Capital from $54.00 to $57.00. They have an “Outperform” rating on the company.

Wendys Arbys Group (WEN) was downgraded by Roth Capital from a “Buy” rating to a “Neutral” rating.

Reinsurance Group of America (RGA) was upgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Outperform” rating.

Synta (SNTA) (TYC) (NUVA) (PLL) (SGNT) (SHOO) Ratings, Price Targets

Synta Pharmaceuticals Corp. (NASDAQ: SNTA), Tyco International Ltd (NYSE: TYC), NuVasive (NASDAQ: NUVA), Pall Co. (NYSE: PLL), Sagent Pharmaceuticals Inc. (NASDAQ: SGNT) and Steven Madden, Ltd. (NASDAQ: SHOO) ratings and price targets.

Synta Pharmaceuticals Corp. (SNTA) is now covered by Rodman & Renshaw. They placed an “Outperform” rating and a price target of $8.00 on the company.

Tyco International Ltd (TYC) is now covered by Morgan Stanley (NYSE:MS). They placed an “Equal Weight” rating and a price target of $52.00 on the company.

NuVasive (NUVA) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.

Pall Co. (PLL) was downgraded by Macquarie from a “Neutral” rating to an “Underperform” rating.

Sagent Pharmaceuticals Inc. (SGNT) is now covered by Capstone Investments. They placed a “Buy” rating on the company.

Steven Madden, Ltd. (SHOO) is now covered by KeyBanc. They placed a “Hold” rating on the company.

Tyco (TYC) (TWC) (UAL) (AEO) (DHI) (DNKN) Upgraded

Tyco (NYSE: TYC), Time Warner Cable (NYSE: TWC), United Continental (NYSE: UAL), American Eagle (NYSE: AEO), D.R. Horton, Inc. (NYSE: DHI) and Dunkin Brands (NASDAQ: DNKN) were upgraded by analysts.

Tyco (TYC) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating. They have a price target of $39.00 on the company.

Time Warner Cable (TWC) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.

United Continental (UAL) was upgraded by Ticonderoga from a “Neutral” rating to a “Buy” rating. They have a price target of $33.00 on the company.

American Eagle (AEO) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.

D.R. Horton, Inc. (DHI) was upgraded by Barclays Capital from an “Equal Weight” rating to an “Overweight” rating.

Dunkin Brands (DNKN) was upgraded by Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Outperform” rating.

Canadian Solar (CSIQ) (MCD) (BYI) (TYC) (WMS) (AKR) Upgraded

Canadian Solar Inc. (NASDAQ: CSIQ), McDonald’s (NYSE: MCD), Bally Technologies Inc. (NYSE: BYI), Tyco International Ltd (NYSE: TYC), WMS Industries Inc. (NYSE: WMS) and Acadia Realty Trust (NYSE: AKR) upgraded by analysts.

McDonald’s (MCD) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $100.00 on the company.

Canadian Solar Inc. (CSIQ) was upgraded by Piper Jaffray (NYSE:PJC) from an “Underweight” rating to a “Neutral” rating.

Bally Technologies Inc. (BYI) was upgraded by Goldman Sachs (NYSE:GS) from a “Sell” rating to a “Neutral” rating.

Tyco International Ltd (TYC) was upgraded by Sanford C. Bernstein from a “Market Perform” rating to an “Outperform” rating.

WMS Industries Inc. (WMS) was upgraded by Goldman Sachs from a “Sell” rating to a “Neutral” rating.

Acadia Realty Trust (AKR) was upgraded by Keybanc from a “Hold” rating to a “Buy” rating. They have a price target of $23.00 on the company.

Tyco (TYC) (AGCO) (CHD) (UNP) (AL) (CIT) Upgraded

Tyco International Ltd (NYSE: TYC), AGCO Corp. (NASDAQ: AGCO), Church & Dwight Co Inc. (NYSE: CHD), Union Pacific (NYSE: UNP), Air Lease Corp. (NYSE: AL) and CIT Group Inc. (NYSE: CIT) upgraded by analysts.

Tyco International Ltd (TYC) was upgraded by Goldman Sachs (NYSE:GS) from a “Neutral” rating to a “Buy” rating.

AGCO Corp. (AGCO) was upgraded by Goldman Sachs to a “Buy” rating. They cited valuation as the catalyst behind the call.

Church & Dwight Co Inc. (CHD) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.

Union Pacific (UNP) was upgraded by Goldman Sachs from a “Neutral” rating to a “Buy” rating.

Air Lease Corp. (AL) was upgraded by RBC Capital from a “Sector Perform” rating to an “Outperform” rating.

CIT Group Inc. (CIT) was upgraded by Compass Point from a “Neutral” rating to a “Buy” rating. They have a price target of $46.00 on the company.

EPS Est. on (ORA) (SIRO) (TYC) (VFC) Updated

Analysts updated their EPS estimates on Ormat Technologies (NYSE: ORA), Sirona Dental (NASDAQ: SIRO), Tyco International Ltd (NYSE: TYC) and V.F. Co. (NYSE: VFC) today.

Jefferies (NYSE:JEF) cut their EPS estimate on shares of Ormat Technologies (ORA). They have a “hold” rating and a price target of $22.00 on the company.

Goldman Sachs (NYSE:GS) raised their EPS on Sirona Dental (SIRO). They have a “buy” rating and a price target of $66.00 on the company.

Bank of America (NYSE:BAC) cut their EPS estimates on Tyco International Ltd (TYC). They have a “neutral” rating on the company.

UBS AG (NYSE:UBS) raised their EPS on V.F. Co. (VFC). They have a “buy” rating and a price target of $110.00 on the company.

Dividends from (UPS) (EFX) (ACO) (CHH) (TYC) Declared

United Parcel Service (NYSE:UPS), Equifax Inc (NYSE:EFX), Amcol International Corp. (NYSE:ACO), Choice Hotels International, Inc (NYSE:CHH) and Tyco International Ltd. (NYSE:TYC) declare dividends.

The Board of Directors of United Parcel Service (UPS) declared a quarterly common stock dividend of $0.52 a share payable 6/1/11 to shareholders of record at the close of business on 5/16/11.

The Board of Directors of Equifax Inc (EFX) declared a cash dividend of $0.16 a share on the company's common stock payable on 6/15/11 to Stockholders of record on 5/25/11.

The Board of Directors of Amcol International Corp. (ACO) declared a regular cash dividend of $0.18 a common share. The dividend will be payable on 7/11/11 to common stockholders of record at the close of business on 5/25/11.

The Board of Directors of Choice Hotels International, Inc (CHH) declared a regular cash dividend of $0.185 per common share. The dividend will be payable on 7/15/11 to common stockholders of record at the close of business on 7/1/11.

The Board of Directors of Tyco International Ltd. (TYC) declared a regular cash dividend of $0.25 per common share. The dividend will be payable on 8/24/11 to common stockholders of record at the close of business on 7/29/11.

Dividend Yields for (BA) (SNA) (TYC) (GWW) (ITT)

Indicated dividend yields for Standard & Poor's 500 Index companies Boeing Co (BA), Snap-On Inc (SNA), Tyco International Ltd (TYC), WW Grainger Inc (GWW) and ITT Corp (ITT).

These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.

Boeing Co (BA) has a dividend yield of 2.11 percent on a declared dividend of $0.42. The payout ratio is 53.1 percent.

Snap-On Inc (SNA) has a dividend yield of 2.07 percent on a declared dividend of $0.32. The payout ratio is 33.6 percent.

Tyco International Ltd (TYC) has a dividend yield of 2.05 percent on a declared dividend of $0.25. The payout ratio is 37.0 percent.

WW Grainger Inc (GWW) has a dividend yield of 1.74 percent on a declared dividend of $0.66. The payout ratio is 36.7 percent.

ITT Corp (ITT) has a dividend yield of 1.73 percent on a declared dividend of $0.25. The payout ratio is 36.7 percent.

Tyco (TYC) Shares Jumping on Schneider Electric Merger Rumors

Rumors Tyco International Ltd. (NYSE:TYC) may be a takeover target of Schneider Electric (FR:SU) has shares of the company soaring.

Tyco shares rose 3.3 percent on Monday and jumped over 7 percent on Tuesday. In after hours trading they were up as well.

While Schneider is apparently in talks to make a deal, for some reason it thinks the leaking of the talks may make it harder to make a deal happen.

What Schneider seems to want in Tyco would be the ability for it to add security firm ADT to its product mix, as well as fire prevention services and equipment.

Tyco closed Tuesday at $52.33, gaining $3.61, or 7.41 percent. In after hours trading they were at $52.64, up $0.47, or 0.90 percent, as of 5:32 PM EDT.

Tyco International (NYSE:TYC) Trending in Right Direction

Liking the general overall performance of Tyco International (NYSE:TYC) in the fourth quarter, FBR sees trends working in their favor.

FBR says, "Tyco delivered a solid all-around performance on key metrics of organic growth (4% versus 2% in the September quarter), a 130-bp increase in margins, and continued operating improvements at Security Solutions (ADT) where margins hit an all-time high of 16.7%...We continue to remain bullish on Tyco and are enthused to see meaningful improvement in orders in the company’s mid- to late-cycle businesses in Flow and Fire (total 49% of revenues). As revenues in these businesses recover, the company’s now-much-leaner cost structure should result in high operating leverage and improvement in earnings. We also see upside from aggressive share repurchases and acquisitions, where the company’s strong FCF (about $1.4 billion in FY 2010) and underlevered balance sheet (11% net debt to cap) provide for ample flexibility. We are raising our 2011/2012 estimates from $2.95/$3.50 to $3.05/$3.60 to reflect improvement in underlying trends."

FBR Capital maintains an "Outperform" rating on Tyco International (TYC), which was trading at $44.69, down $0.05, or 0.11 percent, as of 2:04 PM EST. FBR raised their price target on Tyco from $47 to $51.

Universal Technologies (NYSE:UTX) Has Less Upside than Illinois Tool (NYSE:ITW), Tyco (NYSE:TYC), 3M (NYSE:MMM), Cooper (NYSE:CBE), WESCO (NYSE:WCC), SPX (NYSE:SPW), Actuant (NYSE:ATU)

Universal Technologies (NYSE:UTX) is strong on international exposure, which empowers it to leverage growth in emerging markets, but at this time FBR likes Illinois Tool (NYSE:ITW), Tyco (NYSE:TYC), 3M (NYSE:MMM), Cooper (NYSE:CBE), WESCO (NYSE:WCC), SPX (NYSE:SPW) and Actuant (NYSE:ATU), citing more upside to their price targets on them.

FBR says, "We continue to view UTC as better positioned relative to other late-cycle companies reflecting revenue visibility afforded by its 40% aftermarket exposure. We also like the company’s 53% international revenues, which help it leverage growth in emerging markets. However, we see greater upside to our price targets in Outperform-rated Illinois Tool (ITW), Tyco (TYC), 3M (MMM), Cooper Industries (CBE), WESCO ( WCC), SPX (NYSE: SPW), and Actuant (ATU). We are maintaining our 2011/2012 estimates and Market Perform rating on United Technologies with a 12-month price target of $83, representing 6% potential upside."

FBR Capital maintains a 'Market Perform' rating on Universal Technologies (UTX), which closed Thursday at $82.59, gaining $1.18, or 1.45 percent. FBR has a price target of $83 on UTX.

Tyco International (NYSE:TYC) Guidance May be Revised in Earnings Report

When Tyco International (NYSE:TYC) releases their earnings report, there aren't any surprises in the numbers expected, but going further into 2011, there could be an upward revision of their EPS.

UBS says, "On January 27, we expect Tyco to report 1Q EPS of $0.67 vs. guidance of $0.65-$0.67 (Con: $0.68). The focus, however, is likely to be on any potential revisions to FY11 guidance (UBSe $2.95; cons. $2.98). We believe there may be upside to FY11 expectations given an improving outlook for Tyco’s later cycle end markets (notably Flow Control and non-res. exposure at Fire Protection), the potential for greater than expected synergies from the Broadview acquisition, and possible upside from accelerated or larger than expected share repurchases...We maintain our FY11 and FY12 EPS estimates of $2.95 and $3.40, respectively."

UBS maintains a 'Buy' rating on Tyco International (TYC), which closed Thursday at $43.99, losing $0.38, or 0.86 percent. UBS boosted their price target on Tyco from $44 to $49.