Advance Auto Parts upgraded at WedbushAAP was upgraded from Neutral to Outperform, Wedbush Morgan said. $51 price target. Positive channel checks mean that the company's gross margin could continue to grow.
American Superconductor upgraded at DeutscheAMSC was upgraded from Hold to Buy, Deutsche Bank said. $38 price target. Company should offer bullish near-term guidance and help the stock reverse its recent underperformance.
Aruba Networks downgraded at BMOARUN was downgraded from Outperform to Market Perform, BMO Capital Markets said. Stock is already up 30% year-to-date. $14 price target.
Cullen/Frost rated new Market Perform at FBRCoverage of CFR was started with a Market Perform rating, FBR Capital Markets said. $58 price target. Company is positioned well, but trades at a premium to its peers.
Check Point rated new Equal-weight at Morgan StanleyCHKP was initiated with an Equal-weight rating, Morgan Stanley said. Company is a strong operator, but lacks significant catalysts until 2011.
Cepheid downgraded at Thomas WeiselCPHD downgraded to Market Weight from Overweight. Still view Cepheid as a leader in molecular diagnostics, but hospital spending is weak, Thomas Weisel said. Price target raised to $20.
Eaton Vance downgraded at WellsEV was downgraded to Market Perform, Wells Fargo said. Valuation call, as the stock has outperformed its peers since October.
Global Payments upgraded at WellsGPN was upgraded to Outperform, Wells Fargo said. Risk/reward is more attractive, following the recent sell-off.
J.B. Hunt Transport numbers raised at GoldmanJBHT estimates were increased through 2012, Goldman Sachs said. Company is seeing better pricing trends. Neutral rating and new $40 price target.
J.B. Hunt Transport upgraded at FBRJBHT was upgraded from Market Perform to Outperform, FBR Capital Markets said. $43 price target. Intermodal pricing cycle is likely bottoming.
Omnicom upgraded at DeutscheOMC was upgraded from Hold to Buy, Deutsche Bank said. $46 price target. Stock is not yet pricing in the company's long-term stability and returns.
Pride International upgraded at Morgan StanleyPDE was upgraded to Equal-weight, Morgan Stanley said. $40 price target. Deepwater fundamentals could improve over the next 6 months.
Progressive upgraded at Credit SuissePGR upgraded to Neutral from Underperform. Positive on the fundamentals of the personal auto industry, Credit Suisse said. Price target jumped to $22 from $18. 2010 and 2011 EPS estimates set at $1.45 and $1.55, respectively.
Republic Services upgraded at BofA/MerrillRSG upgraded to Buy from Neutral as a resumption of industry volume growth heading into 2011 should drive shares higher, Bank of America/Merrill Lynch said. Price target raised to $35 from $28.
Sybase downgraded at JefferiesSY was downgraded from Buy to Hold, Jefferies said. $47 price target. Company is facing a transition year.
Terex rated new Buy at Morgan JosephTEX was initiated with a Buy rating, Morgan Joseph said. $32 price target. Sale of the mining business leaves a very profitable core operation.
Tiffany rated new Buy at DeutscheTIF was initiated with a Buy rating, Deutsche Bank said. $58 price target. Company can double its store base in the U.S., Europe and Asia.
United Parcel upgraded at Piper JaffrayUPS upgraded at Piper Jaffray. Rating raised to Overweight from Neutral. Price target raised to $79 from $64. 2010 EPS estimates raised to $3.15 from $2.79.
United Parcel estimates, target boosted at GoldmanUPS estimates were increased through 2012, Goldman Sachs said. Company is seeing operating leverage through higher volumes. Buy rating and new $82 price target.
Waste Connection downgraded at BofA/MerrillWCN downgraded to Neutrral from Buy on valuation, Bank of America/Merrill Lynch said. Price target raised $2 to $37.
Zions Bancorp upgraded at SuntrustZION was upgraded from Neutral to Buy, Suntrust Robinson Humphrey said. $36 price target. Capital raise will not be as dilutive at current levels, which boosts potential normalized earnings.
Shares of ADTN now seen reaching $35, according to Citigroup. Company should benefit from broadband stimulus spending. Buy rating.
Caterpillar price target boosted at Credit Suisse
CAT price target surged to $82 from $70 as dealers are forecasting sales increases, Credit Suisse said. 2010 and 2011 EPS estimates raised to $3.25 and $4.50, respectively. Outperform rating.
Caterpillar price target boosted at Credit SuisseCAT price target surged to $82 from $70 as dealers are forecasting sales increases, Credit Suisse said. 2010 and 2011 EPS estimates raised to $3.25 and $4.50, respectively. Outperform rating.
CSX estimates, target upped at GoldmanShares of CSX now seen reaching $53, according to Goldman Sachs. Company is realizing higher gross margins. Sell rating.
Gap estimates, target raised at FBRShares of GPS now seen reaching $32, according to FBR Capital Markets. Estimates also increased, because of international growth potential. Outperform rating.
WW Grainger target boosted at OppenheimerGWW target was raised to $130, Oppenheimer said. Company raised guidance and the stock appears attractive, following a post-earnings sell-off. Outperform rating.
Juniper Networks target, estimate higher at BarclaysJNPR price target increased to $37 from $33. Robust 1Q10 in both carrier and enterprises, Barclays said. 2010 EPS estimate raised to $1.34, 2011 held at $1.63. Overweight rating.
JP Morgan target, estimates boosted at BarclaysPM price target raised to $60 from $55 after 1Q10 beat, Barclays said. 2010 and 2011 EPS estimates lifted to $3.25 and $5.10, respectively. Maintain Overweight rating.
JP Morgan estimates, target upped at UBSShares of JPM now seen reaching $50, according to UBS. Estimates also raised, because of a more favorable credit outlook. Neutral rating.
JP Morgan estimates increased at GoldmanJPM estimates were raised through 2011, Goldman Sachs said. Company is seeing better sales and credit trends. Buy rating and $54 price target.
Linear Technology numbers upped at GoldmanShares of LLTC now seen reaching $35, according to Goldman Sachs. Estimates also boosted, to match the company's new sales guidance. Buy rating.
Marvell Technology target upped at Morgan StanleyMRVL target was boosted to $26, Morgan Stanley said. Market is not giving credit for the company's non-HDD growth opportunities. Overweight rating.
Nike target raised at CitigroupNKE target was increased to $86, Citigroup said. Company will likely host an upbeat investor meeting in early May. Buy rating.
AT&T estimates cut at BarclaysT 2010 and 2011 EPS estimates lowered to $1.93 and $2.33, respectively. Overall slowdown in the postpaid segment, Barclays said. Reiterate Equal Weight rating and $30 price target.
Tyson Foods price target raised at Credit SuisseTSN price target increased to $23 from $20. Chicken margins quite good, Credit Suisse said. 2010 and 2011 EPS estimate both raised to $1.75. Outperform rating.
UPS target, estimate boosted at BarclaysUPS price target surged to $78 from $67 in expectations of a strong first quarter, Barclays said. 2010 EPS estimate lifted to $3.35, 2011 set at $3.90. Overweight rating.
Viacom price target higher at Credit SuisseVIAB price target improved to $36 from $31 as ratings stabilize, Credit Suisse said. 2010 and 2011 EPS estimates maintained at $2.77 and $3.12, respectively. Neutral rating.
Websense target increased at Morgan StanleyWBSN target was boosted to $30, Morgan Stanley said. Expanding product portfolio appears to be driving accelerated billings growth. Overweight rating.
Yum! Brands numbers boosted at Morgan StanleyShares of YUM now seen reaching $45, Morgan Stanley said. Estimates also increased, as the company is seeing higher comp sales. Overweight rating.
