Anadarko Petroleum upgraded at SuntrustAPC was upgraded from Neutral to Buy, Suntrust Robinson Humphrey said. $82 price target. Stock has sold off too much following the oil spill. Company appears to be fully insured.
Baidu downgraded at Credit SuisseBIDU downgraded to Underperform from Neutral on valuation, Credit Suisse said. Price target set at $519.
BP downgraded at ArgusBP was downgraded from Buy to Hold, Argus Research said. Still uncertainty surrounding the cause of the accident and the ultimate cost of the damage.
Clean Harbors upgraded at Credit SuisseCLH upgraded to Outperform from Neutral on higher volumes, Credit Suisse said. Price target jumped to $74 from $68. 2010 and 2011 EPS estimates set at $2.41 and $3.03, respectively.
First Interstate BancSystems initiated at BarclaysFIBK coverage initiated at Barclays with an Overweighht rating and $19 price target. FIBK benefits from proven franchise, with 90 straight quarters of profitability, analysts said.
Goldman Sachs downgraded at KBWGS was downgraded from Outperform to Market Perform, Keefe, Bruyette & Woods said. SEC lawsuit will continue to hang over the stock. $165 price target.
IHS upgraded at Piper JaffrayIHS upgraded at Piper Jaffray. Rating raised to Overweight from Neutral. Price target raised to $66 from $60. Maintains 2010 EPS estimates of $3.22.
Ingram Micro upgraded at GoldmanIM was upgraded to Buy, Goldman Sachs said. Company is positioned well to benefit from the hardware refresh cycle in 2011. $24 price target.
Intuit upgraded at Morgan StanleyINTU was upgraded from Equal-weight to Overweight, Morgan Stanley said. $43 price target. Estimates also boosted, as small-business appears to have bottomed.
McDonalds initiated at Piper JaffrayMCD initiated at Piper Jaffray. Initiated with an Overweight rating and $85 price target. Introduces 2010 EPS estimates of $4.45.
Madison Square Garden initiated at JP MorganMSG initiated at JP Morgan. Initiated with a Neutral rating and $21 price target. Introduces 2010 EPS estimates of $0.65.
Northern Trust Corp downgraded at BofA/MerrillNTRS downgraded to Neutral from Buy as recent EPS run-rates have proved challenging, Bank of America/Merrill Lynch said. Price target set at $59.
Northwestern downgraded at WellsNWE was downgraded from Outperform to Market Perform, Wells Fargo said. Valuation call.
Realty Income downgraded at Credit SuisseO downgraded to Underperform from Neutral on valuation, Credit Suisse said. Price target cut by a dollar to $26. 2010 and 2011 EPS estimates set at $1.92 and $2.01, respectively.
Public Service Enterprise Group reinstated at BofA/MerrillPEG coverage reinstated with a Buy rating and $36 price target. PEG has strong rate based growth opportunities with one of the best-positioned generation portfolios in the sector, Bank of America/Merrill Lynch said.
PHH downgraded at FBRPHH was downgraded from Outperform to Market Perform, FBR Capital Markets said. $25 price target. Company is seeing increased earnings volatility and seems fairly valued at tangible book value.
Pultegroup downgraded at CitiPHM downgraded to Hold from Buy on valuation. Homebuilder rally may be running out of steam, Citigroup said. $14 price target.
Transocean downgraded at ArgusRIG was downgraded from Buy to Hold, Argus, Research said. Company has limited insurance on its lost rig.
Tesoro upgraded at BofA/MerrillTSO upgraded to Buy from Neutral as 1Q10 earnings show signs of life, Bank of America/Merrill Lynch said. Price target raised to $18.
Two Harbors Investment initiated at Credit SuisseTWO coverage initiated with an Outperform rating and $9.50 price target. Given TWO's flexible investment strategy, we see the company maintaining a low-teens ROE in the coming years, Credit Suisse said.
Vulcan Materials downgraded at UBSVMC was downgraded from Buy to Neutral, UBS said. $62 price target. Stock is up 21% in the past month, but the company faces pricing and road spending risks in 2011.
WGL Holdings reinstated at BofA/MerrillWGL coverage reinstated with a Neutral rating and $37 price target. The natural gas distributor has room for growth, Bank of America/Merrill Lynch said.
AGN estimates were boosted through 2013, Morgan Stanley said. Company is seeing higher sales and is keeping a lid on costs. Buy rating and $78 price target.
Amerigroup estimates, target boosted at Goldman
Shares of AGP now seen reaching $31, according to Goldman Sachs. Estimates also upped, as the company is seeing higher enrollment.
Amerigroup estimates, target boosted at GoldmanShares of AGP now seen reaching $31, according to Goldman Sachs. Estimates also upped, as the company is seeing higher enrollment.
Baker Hughes estimates increased at GoldmanBHI estimates were raised through 2011, Goldman Sachs said. Expect the BJS acquisition to add to earnings. Neutral rating and $63 price target.
Chevron estimates upped at Morgan StanleyCVX estimates were boosted through 2011, Morgan Stanley said. Company is seeing better international exploration growth. Overweight rating and new $97 price target.
Chevron target, estimates boosted at BarclaysCVX price target increased to $105 from $96 on solid 1Q10 results, Barclays said. 2010 and 2011 EPS estimates increased to $9.00 and $10.50, respectively. Overweight rating.
Dolby estimates, target boosted at GoldmanShares of DLB now seen reaching $70, according to Goldman Sachs. Estimates also upped, to match the company's new guidance. Neutral rating.
Endo Pharmaceuticals numbers lowered at UBSShares of ENDP now seen reaching $24, according to UBS. Estimates also cut, as gross margins are expected to fall in the near term. Neutral rating.
Global Payments estimates boosted at GoldmanGPN estimates were upped through 2012, Goldman Sachs said. Company should benefit from an improving demand environment, especially overseas. Neutral rating and $52 price target.
Goldman Sachs price target cut at CitiGS price target lowered to $200 from $240. Risks are there, but still see significant upside, Citigroup said. 2010 EPS estimates lifted to $20. Maintain Buy rating.
Starwood estimates, target raised at GoldmanShares of HOT now seen reaching $62, according to Goldman Sachs. Estimates also increased, given the company's better RevPAR growth prospects. Buy rating.
ITT estimates, target raised at GoldmanShares of ITT now seen reaching $62, according to Goldman Sachs. Estimates also increased, to reflect an improving commercial business. Neutral rating.
Kraft Foods estimates lowered at Credit SuisseKFT 2010 and 2011 EPS estimates lowered to $2.10 and $2.40, respectively. The stock has underperformed recently, but buy on weakness, Credit Suisse said. Maintain Outperform rating and $35 price target.
Nasdaq estimates, target increased at FBRNDAQ estimates were raised through 2011, FBR Capital Markets said. Company has better growth opportunities, following financial reform. Outperform rating and new $25 price target.
Newell Rubbermaid numbers raised at Morgan StanleyShares of NWL now seen reaching $21, according to Morgan Stanley. Estimates also increased, as the company is seeing better operating leverage. Overweight rating.
News Corp price target boosted at CitiNWS price target increased to $18 from $15. Potential hike in dividend may lead to multiple expansion, Citigroup said.
Silgan estimates, target increased at GoldmanSLGN estimates were raised through 2012, Goldman Sachs said. Company is showing strong operating momentum. Neutral rating and $65 price target.
Tenneco estimates, target increased at GoldmanTEN estimates were raised through 2012, Goldman Sachs said. Company is seeing more after-market sales, which carry higher margins. Neutral rating and new $28 price target.
Walter Energy numbers raised at FBRShares of WLT now seen reaching $86, according to FBR Capital Markets. Estimates also boosted, to match the company's new guidance, given its recent acquisition. Market Perform rating.
Wynn Resorts numbers upped at GoldmanWYNN estimates were boosted through 2012, Goldman Sachs said. Company is seeing better returns both in Las Vegas and Macau. Neutral rating and new $90 price target.
