Analyst Calls: AON, AMED, C, GS, HEW, ITW, JPM, MS, PPDI, TLB, URBN ...

Analyst Downgrades

• Deutsche Bank downgraded Hewitt Associates (HEW) to hold from buy following the company's merger announcement with Aon Corp. (AON).
• Aon (AON) was cut to sector perform from outperform at RBC Capital.
• RBC Capital also downgraded Amedisys (AMED) to sector perform from outperform following the company's negative Q2 pre-announcement. The firm cut its price target to $37 from $50.
• JPMorgan downgraded ATP Oil & Gas (ATPG) to underweight from neutral, citing relative valuation and the company's potential need for additional financing. The firm keeps a $10 price target for shares.
• Urban Outfitters (URBN) was downgraded to neutral from buy at Goldman.
• Ameristar Casinos (ASCA) was downgraded to underperform from neutral at BofA/Merrill.
• Copano Energy (CPNO) was downgraded to neutral from buy at UBS.

Analyst Initiations

• Susquehanna initiated Goldman Sachs (GS), JPMorgan (JPM) and Morgan Stanley (MS) with positive ratings and price targets of $243, $60 and $32, respectively. The firm also initiated Citigroup (C), BB&T (BBT) and Fifth Third Bancorp (FITB) with neutral ratings.
• Citigroup initiated Wellpoint (WLP) and Health Net (HNT) with buy ratings and price targets of $58 and $30, respectively, and Aetna (AET) and United Health (UNH) with hold ratings and $29 price targets.
• FMC Corporation (FMC) was initiated with an outperform rating and $73 target at Credit Suisse.
• Talbots (TLB) was initiated with a buy rating and $18 target at Jefferies.
• Genesco (GCO) was initiated with a hold rating at BB&T.