Alcoa downgraded at UBSAA was downgraded from Buy to Neutral, UBS said. $16 price target. Estimates also lowered, because of new cost expectations.
A123 Systems upgraded at DeutscheAONE was upgraded from Hold to Buy, Deutsche Bank said. $17 price target. Recent customer announcement should drive meaningful sales and China may soon introduce incentives.
Ameristar Casino downgraded at JP MorganASCA downgraded at JP Morgan. Rating lowered to Neutral from Overweight. Maintains $19 price target. 2010 EPS estimates lowered to $0.89 from $0.93.
Commerce Bancshares downgraded at UBSCBSH was downgraded from Buy to Neutral, UBS said. $41 price target. Estimates also cut, because of lower net interest margin expectations.
ConocoPhillips upgraded at OppenheimerCOP was upgraded from Perform to Outperform, Oppenheimer said. $70 price target. Company is on track to reach asset sale target with its Syncrude deal.
DeVry upgraded at Credit Suisse DV upgraded to Outperform from Neutral due to new insights on the DOE's Gainful Employment stance, Credit Suisse said. Price target jumped to $75 from $55.
ITT Educational upgraded to Credit SuisseESI upgraded to Outperform from Neutral on new proposal from DOE, Credit Suisse said. Price target improved to $135 from $105.
Expedia upgraded at GoldmanEXPE was upgraded from Neutral to Buy, Goldman Sachs said. Company was also added to the Conviction List, based on a $31 price target. Stock has outperformed and the company should benefit from improving hotel trends.
Fortune Brands upgraded at BofA/MerrillFO upgraded to Buy from Neutral on housing momentum, Bank of America/Merrill Lynch said. Price target improved to $56. 2010 and 2011 EPS estimates set at $2.67 and $3.45, respectively.
WW Grainger rated new Buy at Jesup & LamontGWW was initiated with a Buy rating, Jesup & Lamont said. $130 price target. Company should post strong sales and earnings later this week and is also likely to repurchase stock in 2010.
Huntington Bancshares downgraded at UBSHBAN was downgraded from Neutral to Sell, UBS said. $4 price target. Estimates also cut, because of TARP-related capital raises.
Harley-Davidson downgraded at DeutscheHOG was downgraded from Buy to Hold, Deutsche Bank said. $33.50 price target. Valuation call, as the stock is up 102% since May.
Harsco rated new Buy at CanaccordHSC was initiated with a Buy rating, Canaccord Adams said. $40 price target. Stock no longer deserves a conglomerate discount.
InterMune initiated at JP MorganITMN initiated at JP Morgan. Initiated with an Overweight rating and $60 price target. Introduces 2010 EPS estimates of -$2.41.
Keycorp downgraded at UBSKEY was downgraded from Neutral to Sell, UBS said. $5 price target. Copany faces earnings headwinds.
Monsanto downgraded at ArgusMON was downgraded from Buy to Hold, Argus Research said. Company is gaining market share in seeds, but lower Roundup sales will hurt earnings.
Priceline.com downgraded at GoldmanPCLN was downgraded from Buy to Neutral, Goldman Sachs said. Valuation call, based on a $275 price target.
Regions Financial downgraded at UBSRF was downgraded from Neutral to Sell, UBS said. $6 price target. Company is facing credit and sales headwinds.
Red Hat rated new Buy at UBSCoverage of RHT was started with a Buy rating, UBS said. Company is a leader in open source software and should deliver strong billings and cash flow growth. $35 price target.
Seagate Technology downgraded at WedbushSTX was downgraded from Outperform to Neutral, Wedbush Morgan said. $23 price target. Margins may already be at peak levels.
TCF Financial downgraded at UBSTCB was downgraded from Neutral to Sell, UBS said. $12 price target. Estimates also lowered, given lower net interest margin expectations.
UnitedHealth upgraded at LeerinkUNH was upgraded from Market Perform to Outperform, Leerink Swann said. Expect earnings upside potential, as minimum losses are already priced into the stock.
Western Digital downgraded at WedbushWDC was downgraded from Outperform to Neutral, Wedbush Morgan said. $48 price target. Extra capacity could come online later in the year.
APA estimates were increased through 2011, UBS said. Acquisition of DVN assets should add to earnings. Buy rating and $130 price target.
Franklin Resources numbers raised at FBR
Shares of BEN now seen reaching $121, according to FBR Capital Markets. Estimates also increased, given higher asset levels at the end of the quarter. Market Perform rating.
Franklin Resources numbers raised at FBRShares of BEN now seen reaching $121, according to FBR Capital Markets. Estimates also increased, given higher asset levels at the end of the quarter. Market Perform rating.
Cheesecake Factory cut from Conviction Buy List at GoldmanShares of CAKE now seen reaching $31, according to Goldman Sachs. Estimates also upped, because of the company's higher expected sales growth. Buy rating, but the stock was also removed from the Conviction List.
Chipotle target, estimates boosted at BofA/MerrillCMG price target increased to $143 from $120 as the company is well-positioned for growth, Bank of America/Merrill Lynch said. 2010 and 2011 EPS estimates raised to $4.44 and $5.30, respectively. Maintain Buy rating.
Dollar General numbers increased at Morgan StanleyShares of DG now seen reaching $32, according to Morgan Stanley. Estimates also boosted, as margins could continue to expand. Overweight rating.
eBay estimate, target increased at GoldmanEBAY estimates were raised through 2012, Goldman Sachs said. Company is seeing more successful US sales and payment volume growth. Neutral rating and new $27.50 price target.
Jones Apparel Group target, estimates raised at BarclaysJNY price target lifted to $24 from $22 on improving trends in retail segment, Barclays said. 2010 and 2011 EPS estimates improved to $1.35 and $1.60, respectively. Maintain Equal Weight rating.
MSC Industrial target, estimates higher at BofA/MerrillMSM price target moves to $68 from $57 as company's core business starting to improve, Bank of America/Merrill Lynch said. Estimates raised through 2012. Reiterate Buy rating.
Owens-Illinois price target higher at BarclaysOI price target jumped to $32 from $26 on improved visibility, Barclays said. 2010 and 2011 EPS estimates held at $3.25 and $4.15, respectively. Underweight rating.
Polo Ralph Lauren target, estimates boosted at BarclaysRL price target surged to $100 from $85 as the company has seen a rebound in its wholesale business, Barclays said. 2010 and 2011 EPS estimates increased to $4.30 and $4.85, respectively. Equal Weight rating.
Tellabs estimates, target boosted at UBSTLAB estimates were increased through 2011, UBS said. Company should benefit from positive end-market demand trends. Neutral rating and new $8.50 price target.
VMWare estimates, target raised at GoldmanVMW estimates were increased through 2012, Goldman Sachs said. Company is positioned well, following strong market checks. Neutral rating and new $60 price target.
