Anadarko Petroleum downgraded at OppenheimerAPC was downgraded from Outperform to Perform, Oppenheimer said. Company has potential financial liabilities to the oil spill.
Walt Disney upgraded at CitigroupDIS was upgraded from Sell to Hold, Citigroup said. $37 price target. Valuation call, following the strong quarter, driven by Studio results.
Huntington Bancshares upgraded at Morgan StanleyHBAN was upgraded from Equal-weight to Overweight, Morgan Stanley said. Company is highly leveraged to improving credit trends. $8.50 price target.
Harmonic resumed at BofA/MerrillHLIT coverage resumed with a Neutral rating and $7 price target. HLIT announced Omneon deal in 1Q10, now focus on integration, Bank of America/Merrill Lynch said.
McKesson upgraded at GoldmanMCK was upgraded from Neutral to Buy, Goldman Sachs. Stock was also added to the Conviction List. Company has tailwinds, without significant exposure to Europe.
Marshall & Ilsley upgraded at Morgan StanleyMI was upgraded from Equal-weight to Overweight, Morgan Stanley said. $12 price target. Company has leverage to the credit market.
NewAlliance Bancshares downgraded at Morgan StanleyNAL was downgraded from Equal-weight to Underweight, Morgan Stanley said. Company has less leverage to improving credit trends.
Nalco upgraded at JP MorganNLC upgraded at JP Morgan. Rating raised to $30 from $25. Maintains 2010 EPS estimates of $1.22.
Ruby Tuesday upgraded at Credit SuisseRT upgraded to Outperform from Neutral as top-line trends continue to improve, Credit Suisse said. Price target increased a dollar to $14.
SVB Financial downgraded at Morgan StanleySIVB was downgraded from Overweight to Equal-weight, Morgan Stanley said. $57 price target. Company has less exposure to the improving credit environment.
Constellation Brands upgraded at DeutscheSTZ was upgraded from Hold to Buy, Deutsche Bank said. $23 price target. Domestic wine and beer business appears to be improving.
Tellabs upgraded at BofA/MerrillTLAB upgraded to Neutral from Underperform on strong 1Q10 results, Bank of America/Merrill Lynch said. Price target lifted from $7.15 to $10.
Shares of AGO now seen reaching $27, UBS said. Estimates also lowered, given lower production rates and tighter credit spreads. Buy rating.
Church & Dwight price target boosted at Barclays
CHD price target increased to $69 from $65. CHD gaining market share just as consumer demand begins to recover, Barclays said. Equal Weight rating.
Church & Dwight price target boosted at BarclaysCHD price target increased to $69 from $65. CHD gaining market share just as consumer demand begins to recover, Barclays said. Equal Weight rating.
Church & Dwight estimates, target cut at GoldmanShares of CHD now seen reaching $70, according to Goldman Sachs. Estimates also lowered, given higher expected promotional spending. Neutral rating.
Cinemark estimates, target boosted at Morgan StanleyShares of CNK now seen reaching $15, according to Morgan Stanley. Estimates also upped, following the company's positive first-quarter results. Underweight rating.
Dicks Sporting Goods price target raised at BarclaysDKS price target jumped to $32 from $28. The supply and demand landscape is supporting near and long term growth, Barclays said. Overweight rating.
Electronic Arts estimates lowered at UBSERTS estimates were cut through 2012, UBS said. Compnay is seeing weaker demand for packaged goods in Europe. Buy rating and $23 price target.
Express Scripts target upped at GoldmanShares of ESRX now seen reaching $124, Goldman Sachs said. Company can deliver superior earnings growth over the next couple of years. Buy rating.
Gamestop estimates reduced at GoldmanGME estimates were lowered through 2011, according to Goldman Sachs. Company will be hurt by recent currency changes. Neutral rating.
Home Depot target, estimates boosted at BarclaysHD price target increased to $39 from $34 ahead of 1Q10 results next Tuesday, Barclays said. 2011 and 2012 EPS estimates lifted to $1.83 and $2.24, respectively. Overweight rating.
Lowe's target, estimates raised at BarclaysLOW price target increased to $30 from $25 as Barclays expects good 1Q10 results next Monday. 2011 and 2012 EPS estimates set at $1.46 and $1.73, respectively.
Mattel estimates reduced at UBSMAT estimates were lowered through 2011, according to UBS. Company is facing higher input costs and currency pressure. Buy rating and $30 price target.
Office Depot estimates reduced at GoldmanODP estimates were cut through 2012, Goldman Sachs said. Company will be hurt by currency moves. Neutral rating.
ON Semiconductor estimates upped at Morgan StanleyONNN estimates were boosted through 2012, Morgan Stanley said. Company facing lower interest costs, after paying down debt. Underweight rating.
Pepsi added to Conviction Buy List at GoldmanPEP was added to the Conviction Buy list, Goldman Sachs said. Earnings growth should reaccelerate, even though the company faces currency pressure. Buy rating and $76 price target.
Progress Energy numbers raised at Morgan StanleyShares of PGN now seen reaching $42, according to Morgan Stanley. Estimates also increased, following a positive rate case in Florida. Equal-weight rating.
Philip Morris cut from Conviction Buy List at GoldmanPM was removed from the Conviction Buy list, Goldman Sachs said. Estimates also lowered, given recent currency moves. $59 price target.
Sunpower estimates, target cut at UBSSPWRA estimates were reduced through 2011, according to UBS. Company guided to lower solar roof top sales. Neutral rating and new $17 price target.
TW Telecom estimates increased at Morgan StanleyTWTC estimates were raised through 2012, Morgan Stanley said. Company posted record-low churn for the quarter and is seeing robust bookings activity. Equal-weight rating.
