Air Products upgraded at ArgusAPD was upgraded from Hold to Buy, Argus Research said. $94 price target. Company should benefit from stronger global economic activity.
Celgene upgraded at BofA/MerrillCELG upgraded to Buy from Neutral. Valuation call, Bank of America/Merrill Lynch said. Price target increased to $70 from $64.
CF Industries upgraded at UBSCF was upgraded from Sell to Neutral, UBS said. Valuation call, based on a $84 price target. Estimates also boosted, because of a better natural gas outlook.
Dollar General downgraded at MKMDG was downgraded from Buy to Neutral, MKM Partners said. Valuation call, as the stock is up 32% year-to-date. $29 price target.
DeVry downgraded at Credit SuisseDV downgraded to Neutral from Outperform. Higher than expected regulatory, counter cyclicality and execution risk, Credit Suisse said. Price target lowered to $65 from $75.
Equifax initiated at BofA/MerrillEFX coverage initiated at Bank of America/Merrill Lynch with a Neutral rating and $38 price target. Cyclical tailwinds factored in, analysts said.
ITT Educational Services downgraded at Credit SuisseESI downgraded to Neutral from Outperform. Weak guidance and lower-than-expected earnings, Credit Suisse said. Price target sunk to $110 from $135.
Fifth Third downgraded at Collins StewartFITB was downgraded from Buy to Hold, Collins Stewart said. Valuation call.
First Midwest Bancorp downgraded at OppenheimerFMBI was downgraded from Outperform to Perform, Oppenheimer said. Valuation call, even though the company delivered strong first quarter results.
Hewitt Associates upgraded at GoldmanHEW was upgraded from Sell to Neutral, Goldman Sachs said. $41 price target. Estimates also boosted, given higher BPO margins and improving consulting demand.
Starwood Hotels upgraded at StifelHOT was upgraded from Hold to Buy, Stifel Nicolaus said. Lodging recovery is underway and the company can leverage its real estate platform. $70 price target.
Johnson Controls target, estimates boosted at BarclaysJCI price target lifted by a dollar to $36 after 2Q10 beat, Barclays said. 2010 and 2011 EPS estimates raised to $2 and $2.60, respectively. Equal Weight rating.
Johnson Controls upgraded at BairdJCI was upgraded from Neutral to Outperform, Robert Baird said. $42 price target. Company has strong growth potential in China and should see a rapid recovery in margins.
MedAssets upgraded at BarclaysMDAS upgraded to Overweight from Equal Weight on improving trends in the company's customer base, Barclays said. Price target raised by a dollar to $27. 2010 and 2011 EPS estimates held at $0.77 and $0.95, respectively.
Newell Rubbermaid downgraded at BMONWL was downgraded from Outperform to Market Perform, BMO Capital Markets said. Valuation call, based on a $17 price target.
Prosperity Bancshares downgraded at SuntrustPRSP was downgraded from Outperform to Market Perform, Suntrust, Robinson Humphrey said. Valuation call, even though the company had a solid first quarter.
SPX Corp upgraded at BoA/MerrillSPW upgraded to Buy from Neutral as the industrial economy has entered an expansion phase that can be sustained, Bank of America/Merrill Lynch said. Price target surged to $87 from $58.
Sysco upgraded at UBSSYY was upgraded from Neutral to Buy, UBS said. $37 price target. Estimates also raised, because of improving restaurant trends.
Thermo Fisher upgraded at JefferiesTMO was upgraded from Hold to Buy, Jefferies said. $62 price target. Company should benefit from industrial recovery.
Trustmark downgraded at KBWTRMK was downgraded from Outperform to Market Perform, Keefe, Bruyette & Woods said. Valuation call, based on a $28 price target.
Total System Services initiated at BofA/MerrillTSS coverage initiated with an Underperform rating and $16 price target. Persistent headwinds, Bank of America/Merrill Lynch said. EPS growth could resume in 2011.
VMWare rated new Buy at MKMVMW was initiated with a Buy rating, MKM Partners said. $80 price target. Company should deliver significant free cash flow growth over the next two years.
Zimmer Holdings upgraded at JP MorganZMH upgraded at JP Morgan. Rating raised to Overweight from Neutral. Price target raised to $70 from $68. Maintains 2010 EPS estimates of $4.27.
AONE price target lowered to $17 from $18 on concerns over Chrysler relationship, Barclays said. AONE could likely receive DOE funding soon. Equal Weight rating.
American Express numbers boosted at Goldman
Shares of AXP now seen reaching $50, according to Goldman Sachs. Estimates also upped, because of improving credit and cost trends. Neutral rating.
American Express numbers boosted at GoldmanShares of AXP now seen reaching $50, according to Goldman Sachs. Estimates also upped, because of improving credit and cost trends. Neutral rating.
Beckman Coulter estimates cut at Morgan StanleyBEC estimates were reduced through 2012, Morgan Stanley said. Troponin should weigh on earnings and the company is spending more on quality control. Equal-weight rating.
Boston Scientific estimates boosted at UBSBSX estimates were upped through 2011, UBS said. Company should see sales recover, with the sales halt removed. Buy rating and $8 price target.
Bucyrus estimates, target boosted at Morgan StanleyBUCY etimates were upped through 2011, Morgan Stanley said. Channel checks suggest better mining results. Overweight rating and new $80 price target.
Cardinal Health numbers upped at UBSCAH estimates were boosted through 2011, UBS said. Company should benefit from a strong generic drug pipeline. Buy rating and new $43 price target.
Cisco Systems numbers raised at OppenheimerShares of CSCO now seen reaching $32, according to Oppenheimer. Estimates also increased, following positive channel checks. Outperform rating.
Dollar General price target boosted at BofA/MerrillDG price target raised to $36 from $30 on consistent execution and growth prospects, Bank of America/Merrill Lynch said. Reiterate Buy rating.
Dover estimates, target upped at Morgan StanleyShares of DOV now seen reaching $63, according to Morgan Stanley. Company is seeing higher order trends and deserves a higher multiple. Overweight rating.
Corning estimates raised at GoldmanGLW estimates were increased through 2012, Goldman Sachs said. Inventory remains tight in the LCD supply chain. Buy rating.
Hudson City Bancorp numbers lowered at FBRHCBK estimates were cut through 2011, FBR Capital Markets said. Company is seeing slower balance sheet growth. Outperform rating and new $15 price target.
Honeywell estimates, target raised at UBSShares of HON now seen reaching $47, according to UBS. Estimates also increased, given better end-market demand and M&A opportunities. Neutral rating.
Ingersoll-Rand numbers raised at Morgan StanleyShares of IR now seen reaching $38, according to Morgan Stanley. Estimates also increased, given stronger orders. Equal-weight rating.
Massey Energy numbers lowered at GoldmanMEE estimates were cut through 2012, Goldman Sachs said. Company will likely faces rising costs. Neutral rating and new $50 price target.
Nike estimates, target increased at GoldmanNKE estimates were raised through 2012, Goldman Sachs said. Company likely to talk up accelerating growth trends at its upcoming investor meeting. Buy rating and new $85 price target.
O'Reilly Automotive price target raised at BofA/MerrillORLY price target lifted to $52 from $46 as 1Q10 is expected to benefit from early spring and DC progress, Bank of America/Merrill Lynch said. Maintain Buy rating.
Patriot Coal numbers boosted at GoldmanShares of PCX now seen reaching $25, according to Goldman Sachs. Estimates also upped, given the company's new production guidance and lower expected costs. Sell rating.
Raytheon estimates, target upped at GoldmanRTN estimates were boosted through 2012, Goldman Sachs said. Company will likely repurchase more shares. Neutral rating and new $52 price target.
Schlumberger target, estimates boosted at CitiSLB price target jumped to $92 from $84 as the international recovery is ahead of expectations, Citigroup said. 2010 and 2011 EPS estimates lifted to $2.95 and $3.65, respectively. Maintain Buy rating.
Verizon Communications target, estimates cut at BarclaysVZ price target lowered a dollar to $32 on expected lower wireline margins, Barclays said. 2010 and 2011 EPS estimates sunk to $2.14 and $2.31, respectively. Maintain Equal Weight rating.
Webster Financial numbers increased at FBRShares of WBS now seen reaching $18, according to FBR Capital Markets. Estimates also raised, given lower credit costs. Market Perform rating.
Wesco estimates, target increased at UBSShares of WCC now seen reaching $47, according to UBS. Estimates also raised, as the company is seeing higher industrial sales and is paying down debt. Buy rating.
S&P 500 now seen reaching 1,350 by year-end, UBS said. Earnings estimates also increased through 2011, given potential margin expansion.
