Nokia Corporation (NYSE:NOK) estimates have been slightly increased by Oppenheimer following the firm’s channel checks, which indicated that the company is seeing decent Q4 demand. However, the firm recommends that investors step aside ahead of what could be a challenging first half of 2013 for Nokia. Oppenheimer continues to have a Perform rating on the stock.
SunCoke Energy, Inc (NYSE:SXC): Goldman has reduced its benchmark met coal price for 2013/2014 considering the lowered export expectations. The firm continues to be Neutral in regards to U.S. coal stocks, and it does not believe that there will be outperformance for at least an additional two years. The firm keeps its Buy rating on SunCoke Energy and CONSOL Energy (NYSE:CNX) and a Sell rating on Arch Coal (NYSE:ACI) and Walter Energy (NYSE:WLT).
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Abercrombie & Fitch Co. (NYSE:ANF): According to Oppenheimer, its channel checks have shown that the momentum Abercrombie & Fitch saw on Black has continued. The firm believes that the tone of management meetings on Friday was very positive, and it also says that there continues to be significant upside potential. Oppenheimer continues to be a buyer of Abercrombie & Fitch at current levels, and it keeps its Outperform rating on the name.
Walter Energy, Inc. (NYSE:WLT): Morgan Stanley predicts that met coal prices will rally as a result of lean inventories at Chinese steel companies. The firm predicts that met coal rices will rally during Q1, and it keeps its Overweight rating on Walter Energy. Furthermore, the firm likes Alpha Natural for a tactical trade. Goldman reduced its met coal price forecasts in a note today.