AmeriCredit Corp downgraded at Credit SuisseACF downgraded to Underperform from Neutral. 3Q10 results were solid, buy valuation is not attractive, Credit Suisse said. Hold $18 price target. 2010 and 2011 EPS estimates jumped to $1.50 and $1.15, respectively.
Alfa downgraded at Credit SuisseALFAA downgraded to Neutral from Outperform on valuation, Credit Suisse said. Price target increased to $110 from $100.
Amgen downgraded at BofA/MerrillAMGN downgraded to Underperform from Neutral on strong headwinds into 2011, Bank of America/Merrill Lynch said. Price target lowered to $58 from $61.
Boeing upgraded at Credit SuisseBA upgraded to Outperform from Neutral. Greater visibility drives higher conviction, Credit Suisse said. Price target surged to $98 from $72. 2010 and 2011 EPS estimates raised to $3.83 and $5.27, respectively.
Boeing estimates, target increased at GoldmanBA estimates were boosted through 2012, according to Goldman Sachs said. Expect a 737 rate increase. Neutral rating and new $82 price target.
BlackRock upgraded at CitiBLK upgraded to Hold from Sell as margin controversy fades and valuation, Citigroup said. Price target increased to $198 from $190. 2010 and 2011 EPS estimates set at $10.17 and $11.67, respectively.
Beazer Homes downgraded at CitiBZH downgraded to Hold from Buy on valuation. Stock has run to fair value, Citigroup said. Maintain $6.25 price target. 2010 and 2011 EPS estimates held at -$0.36 and -$0.51, respectively.
Avis Budget rated new Neutral at GoldmanCoverage of CAR was started with a Neutral rating, Goldman Sachs said. $17.50 price target. Valuation call, as the rental car industry is booming.
C.H. Robinson Worldwide upgraded at BofA/MerrillCHRW upgraded to Buy from Neutral. Turing the corner, pricing to shippers beginning to climb, Bank of America/Merrill Lynch said. Price target jumped to $72 from $59.
C.H. Robinson numbers raised at GoldmanShares of CHRW now seen reaching $52, according to Goldman Sachs. Estimates also increased, given better volumes and a higher share repurchase rate. Sell rating.
Chipotle upgraded at OppenheimerCMG was upgraded from Underperform to Perform, Oppenheimer said. Traffic is coming back faster, leading to higher margins.
Chipotle upgraded at Jesup & LamontCMG was upgraded from Hold to Buy, Jesup & Lamont said. $149 price target. Company is realizing higher sales and margins.
Chipotle upgraded at JefferiesCMG was upgraded from Underperform to Buy, Jefferies said. $150 price target. Company delivered another strong quarter, and is seeing better traffic to its stores.
Dupont upgraded at SoleilDD was upgraded from Hold to Buy, Soleil Securities said. $48 price target. Company is seeing higher operating margins.
Dollar Thrifty rated new Buy at GoldmanDTG was initiated with a Buy rating, Goldman Sachs said. $47.50 price target. New management team is driving a turnaround in the midst of a solid rental car industry.
eBay downgraded at MKMEBAY was downgraded to Sell, MKM Partners said. $20 price target. Company is seeing decelerating growth and fewer marketplace users.
eBay estimates, target lowered at GoldmanEBAY estimates were cut through 2012, Goldman Sachs said. Company lowered growth expectations. Neutral rating and new $27 price target.
Gilead Sciences upgraded at Morgan StanleyGILD was upgraded to Overweight, Morgan Stanley said. $48 price target. Company can deliver 13% compound annual earnings growth through 2012.
Green Mountain Coffee upgraded at SuntrustGMCR was upgraded from Neutral to Buy, Suntrust, Robinson Humphrey said. $105 price target. 15% pullback, creates a solid buying opportunity.
Huntington Bancshares upgraded at StifelHBAN was upgraded from Hold to Buy, Stifel Nicolaus said. $9 price target. Credit quality appears to have bottomed out.
Huntington Bancshares upgraded at KBWHBAN was upgraded to Market Perform, Keefe, Bruyette & Woods said. Company is seeing lower credit costs and higher net interest margin. $6 price target.
Hertz Global rated new Buy at GoldmanHTZ was initiated with a Buy rating, Goldman Sachs said. $15.50 price target. Company should benefit from a return of corporate customers.
Polaris Industries downgraded at BairdPII was downgraded from Outperform to Neutral, Robert Baird said. $70 price target. Valuation call, even though the company just reported a strong quarter.
PrivateBancorp initiated at BofA/MerrillPVTB coverage initiated with a Buy rating and $18 price target. Credit fears overblown in Chicago and Midwest, Bank of America/Merrill Lynch said.
Starbucks upgraded at Jesup & LamontSBUX was upgraded from Hold to Buy, Jesup & Lamont said. $32 price target. Company is seeing better sales across the globe.
Starbucks target, estimates higher at BarclaysSBUX price target jumped to $28 from $21 as 2Q10 upside was impressive, Barclays said. 2010 and 2011 EPS estimates raised to $1.28 and $1.50, respectively.
Starbucks estimates, target boosted at GoldmanSBUX estimates were raised through $28, according to Goldman Sachs. Estimates were increased, given better same-store sales and costs. Neutral rating.
Suntrust Banks downgraded at OppenheimerSTI was downgraded from Outperform to Perform, Oppenheimer said. $30 price target. Florida housing market remains stressed.
Suntrust Banks upgraded at KBWSTI was upgraded from Underperform to Market Perform, Keefe, Bruyette & Woods said. $30 price target. Company is seeing a better return on assets and lower credit costs.
Time Warner downgraded at BMO CapitalTWX was downgraded from Outperform to Market Perform, BMO Capital said. Valuation call, based on a $35 price target. Company also has low exposure to the advertising market.
ABT estimates were reduced through 2012, Goldman Sachs said. Company will be hurt by healthcare reform. Buy rating and new $60 price target.
Adobe added to Conviction Buy list at Goldman
ADBE was added to the Conviction Buy list, Goldman Sachs said. new $46 price target. Estimates also boosted, ahead of the CS5 cycle.
Adobe added to Conviction Buy list at GoldmanADBE was added to the Conviction Buy list, Goldman Sachs said. new $46 price target. Estimates also boosted, ahead of the CS5 cycle.
Ann Taylor numbers boosted at UBSANN estimates were increased through 2012, UBS said. Estimates also raised, following positive channel checks. Company is using fewer markdowns. Buy rating and new $26 price target.
Comerica estimates, target upped at FBRShares of CMA now seen reaching $41, according to FBR Capital Markets. Estimates also raised, given favorable credit and net interest margin trends. Market Perform rating.
Citrix Systems numbers upped at FBRCTXS estimates were boosted through 2011, FBR Capital Markets said. Company is benefiting from a better spending environment and seeing a stronger trade-up cycle. Market Perform rating and new $45 price target.
EMC estimates, target increased at GoldmanEMC estimates were raised through 2012, Goldman Sachs said. Company is seeing higher bookings. Overweight rating and new $23 price target.
EMC cut from Conviction Buy list at GoldmanEMC was removed from the Conviction Buy list, Goldman Sachs said. Stock is up 59% over the past year, and ADBE appears to have more upside potential. $25 price target.
F5 Networks estimates, target increased at GoldmanShares of FFIV now seen reaching $67, according to Goldman Sachs. Estimates also raised, because of higher sales expectations. Neutral rating.
Hanesbrands estimates, target boosted at FBRShares of HBI now seen reaching $36, according to FBR Capital Markets. Estimates also raised, to match the company's new guidance. Outperform rating.
Intersil estimates, target upped at GoldmanShares of ISIL now seen reaching $16, according to Goldman Sachs. Estimates also raised, because of a higher sales outlook. Neutral rating.
Keycorp estimates, target boosted at FBRKEY estimates were increased through 2011, FBR Capital Markets said. Credit improvements are helping the company. Market Perform rating and new $9 price target.
Lamar Advertising numbers boosted at Morgan StanleyShares of LAMR now seen reaching $39, according to Morgan Stanley. Estimates also increased, because of the recovery in local advertising. Equal-weight rating.
Lockheed Martin numbers increased at GoldmanShares of LMT now seen reaching $70, according to Goldman Sachs. Estimates also upped, as the company will likely buyback more shares. Sell rating.
Lockheed Martin price target boosted at BarclaysLMT price target increased to $86 from $79 as 1Q10 results were largely in line. Stron free cash flow, Barclays noted. 2010 and 2011 EPS estimates lifted to $7.15 and $7.70, respectively. Maintain Equal Weight rating.
Lam Research numbers upped at UBSLRCX estimates were increased through 2011, UBS said. Company should continue to gain market share and see steady capital spending. Buy rating and new $56 price target.
Manpower price target boosted at Credit SuisseMAN price target improved to $70 from $63 on global acceleration, Credit Suisse said. 2010 and 2011 EPS estimates increased to $1.11 and $2.60, respectively. Outperform rating.
McDonald's estimates, target increased at GoldmanMCD estimates were raised through 2012, Goldman Sachs said. Company is seeing higher sales and margins, even with a currency drag. Buy rating and new $82 price target.
Morgan Stanley numbers boosted at FBRShares of MS now seen reaching $35, according to FBR Capital Markets. Estimates also increased, because of higher trading revenue and lower compensation accrual. Market Perform rating.
Netflix estimates, target raised at FBRShares of NFLX now seen reaching $100, according to FBR Capital Markets. Estimates also increased, as the company is seeing accelerated subscriber growth. Outperform rating.
Netgear estimates, target boosted at GoldmanNTGR estimates were increased through 2011, Goldman Sachs said. Company is gaining market share and small business demand should continue to recover. Neutral rating and new $30 price target.
Qualcomm estimates, target lowered at FBRShares of QCOM now seen reaching $48, according to FBR Capital Markets. Estimates also cut, to reflect the company's new guidance. Outperform rating.
Sandisk estimates, target boosted at UBSShares of SNDK now seen reaching $41, according to UBS. Estimates also raised, as the company is seeing better gross margins. Neutral rating.
AT&T estimates boosted at Morgan StanleyT estimates were increased through 2011, Morgan Stanley said. Wireless EBITDA margins are expanding. Overweight rating and $32 price target.
AT&T estimates raised at BarclaysT 2010 and 2011 EPS estimates increased to $2.08 and $2.51, respectively. Estimates lifted to reflect higher wireless margins, Barclays said. Maintain Equal Weight rating and $30 price target.
Temple-Inland estimates, target raised at GoldmanTIN estimates were increased through 2012, Goldman Sachs said. Company should see better selling prices and seasonally inproving volumes. Buy rating and new $28 price target.
Thomas & Betts numbers raised at Morgan StanleyShares of TNB now seen reaching $45, according to Morgan Stanley. Estimates also increased, as the company is seeing higher end-market demand. Equal-weight rating.
Tractor Supply numbers raised at FBRTSCO estimates were increased through 2011, FBR Capital Markets said. Company is seeing a rebound in sales of big-ticket items. Underperform rating and new $60 price target.
United Technologies price target higher at BarclaysUTC price target raised to $86 from $81 after the company delivered strong 1Q10 results , Barclays said. Maintain Overweight rating.
Waste Connections numbers upped at GoldmanWCN estimates were boosted through 2012, Goldman Sachs said. Company is seeing higher pricing and volumes. Neutral rating and new $38 price target.
