ADC Telecom upgraded at UBSADCT was upgraded from Neutral to Buy, UBS said. $10.50 price target. Estimates also boosted, as the company has sales drivers and continues to cut costs.
Actuant upgraded at WellsATU was upgraded from Market Perform to Outperform, Wells Fargo said. Company is seeing improving trends in both Industrial and Energy segments.
Franklin Resources rated new Buy at UBSCoverage of BEN was started with a Buy rating, UBS said. $136 price target. Company is positioned well to grow under most market conditions.
Blackrock rated new Buy at UBSBLK was initiated with a Buy rating, UBS said. $210 price target. Company has a premier brand and should benefit from cyclical growth trends in the industry.
BorgWarner upgraded at DeutscheBWA was upgraded from Hold to Buy, Deutsche Bank said. Stock has pulled back from its recent highs, even though the company had a good quarter.
Centerpoint Energy downgraded at JefferiesCNP was downgraded from Buy to Hold, Jefferies said. Valuation call, based on a $15.50 price target.
Centerpoint Energy upgraded at BMOCNP was upgraded to Outperform, BMO Capital Markets said. $17 price target. Have increased confidence in the company's ability to grow earnings.
Cooper Tire upgraded at DeutscheCTB was upgraded from Hold to Buy, Deutsche Bank said. Company can continue to grow, even if Europe slows down.
Fastenal initiated at Credit SuisseFAST, a leading North American industrial supplier, initiated with a Neutral rating and $63 price target. Premier growth play within industrial distribution, Barclays said.
Corning rated new Buy at Sterne AgeeGLW was initiated with a Buy rating, Sterne Agee said. $24 price target. Gross margins should continue to rebound.
Healthsouth downgraded at WellsHLS was downgraded from Outperform to Market Perform, Wells Fargo said. Valuation call, as the stock is up 64% since June 2009.
Johnson Controls upgraded at DeutscheJCI was upgraded from Hold to Buy, Deutsche Bank said. Estimates also boosted, given the company's strong operating momentum.
Juniper Networks rated new Hold at ThinkEquityJNPR was initiated with a Hold rating, ThinkEquity said. Valuation call. Company can gain market share, despite operating in a competitive environment.
Meredith initiated at Credit SuisseMDP coverage initiated at Credit Suisse with a Neutral rating and $38 price target. MDP poised to return to growth in 2011, analysts said.
Meritage Homes upgraded at CitiMTH upgraded to Buy from Hold and price target raised a dollar to $27. Valuation with a catalyst call, Citigroup said. 2010 and 2011 EPS estimates jumped to $0.62 and $1.55, respectively.
Micron Technology rated new Buy at Sterne AgeeMU was initiated with a Buy rating, Sterne Agee said. $13 price target. DDR3 gives the company an advantage over the competition in Taiwan.
Newfield Exploration initiated at CitiNFX initiated with a Buy rating and $66 price target. Newfield is well positioned to post over 10% production growth over at least the next three years, Citigroup said.
Old Dominion Freight upgraded at Piper JaffrayODFL upgraded at Piper Jaffray. Rating raised to Overweight from Underweight. Price target raised to $43 from $32. Maintains 2010 EPS estimates of $1.47.
Sirona Dental Systems upgraded at Credit SuisseSIRO upgraded to Outperform from Neutral as yesterday's selloff in reaction to 2Q10 earnings was unwarranted. Product cycle still has legs, Credit Suisse said. Price target increased to $45 from $38.
Sandisk rated new Buy at Sterne AgeeCoverage of SNDK was started with a Buy rating, Sterne Agee said. $50 price target. Company has multiple positive tailwinds.
Schweitzer-Manduit downgraded at OppenheimerSWM was downgraded from Outperform to Perform, Oppenheimer said. Stock is up 33% since late March.
Titanium Metals upgraded at LongbowTIE was upgraded from Neutral to Buy, Longbow Research said. $20 price target. Titanium market is benefiting from the cyclical upturn in commercial aerospace.
T. Rowe Price rated new Neutral at UBSTROW was initiated with a Neutral rating, UBS said. $62 price target. Company has less exposure in indexes, ETFs and alternative investments.
TRW Automotive upgraded at DeutscheTRW was upgraded from Hold to Buy, Deutsche Bank said. Company had a strong quarter and 2011 estimates were materially increased.
Westar Energy downgraded at Morgan StanleyWR was downgraded to Equal-weight, Morgan Stanley said. Valuation call, based on a $23.75 price target.
Weyerhaeuser upgraded at ArgusWY was upgraded from Hold to Buy, Argus Research said. $59 price target. Company is about to turn profitable, following two years of losses.
AAWW estimates were boosted through 2012, Goldman Sachs said. Company is seeing higher interest income. Neutral rating and $64 price target.
Alliance Data Systems price target lifted at Barclays
ADS price target improved to $85 from $82 after meeting with ADS' CFO confirmed their ability to achieve earnings, Barclays said. Reiterate Overweight rating.
Alliance Data Systems price target lifted at BarclaysADS price target improved to $85 from $82 after meeting with ADS' CFO confirmed their ability to achieve earnings, Barclays said. Reiterate Overweight rating.
Allegheny Energy target, estimates cut at BarclaysAYE price target reduced to $23 from $25 on lower than expected earnings, Barclays said. 2010 and 2011 EPS estimates sunk to $2.05 and $2.10, respectively. Maintain Overweight rating.
BMC Software estimates lowered at GoldmanBMC estimates were cut through 2012, according to Goldman Sachs. Company is seeing lower sales. Neutral rating and $43 price target.
CBS estimates, target boosted at GoldmanShares of CBS now seen reaching $14.50, according to Goldman Sachs. Estimates also upped, as the company is seeing better network trends. Neutral rating.
Cisco Systems target boosted at Credit SuisseCSCO price target improved to $35 from $32 on expectations of a strong 3Q10, Credit Suisse said. Ongoing improvement in enterprise network trends. Outperform rating,
DigitalGlobe target, estimates higher at CitiDGI price target lifted to $29 from $26 as 1Q10 results were ahead of expectations, Citigroup said. 2010 and 2011 EPS estimates increased to $0.53 and $1.24, respectively. Maintain Hold rating.
Devon Energy target higher, estimates changed at BarclaysDVN price target increased to $77 from $74 as it plans to repurchase up to $3.5 billion of shares, Barclays said. 2010 EPS estimate trimmed to $5.20, 2011 raised to $4.00. Maintain Equal Weight rating.
Devon Energy estimates raised at Morgan StanleyDVN estimates were increased through 2011, according to Morgan Stanley. Company is seeing higher production rates and keeping costs in check. Equal-weight rating.
Education Management numbers increased at GoldmanEDMC estimates were raised through 2012, Goldman Sachs said. Company is seeing strong enrollment rates and has operating leverage. Neutral rating and new $23 price target.
Exelon estimates, target reduced at GoldmanEXC estimates were cut through 2014, Goldman Sachs said. Incremental hedging is cutting into profits. Neutral rating and new $45 price target.
Expeditors International price target boosted at CitiEXPD price target jumped from $38 to $48 on strong 1Q10 results, Citigroup said. 2010 and 2011 EPS estimates raised to $1.25 and $1.45, respectively. Maintain Buy rating.
Expeditors International numbers raised at UBSShares of EXPD now seen reaching $47, according to UBS. Estimates also increased, as the company is seeing higher freight volumes. Buy rating.
Foster Wheeler target, estimates trimmed at BarclaysFWLT price target lowered by a dollar to $37 on mixed 1Q10 results and higher near-term risk, Barclays said. 2010 and 2011 EPS estimates lowered to $2.20 and $2.40, respectively. Maintain Overweight rating.
Intercontinental Exchange numbers boosted at UBSShares of ICE now seen reaching $143, according to UBS. Estimates also upped, as the company is seeing record volume and commission levels. Buy rating.
King Pharmaceuticals numbers cut at GoldmanKG estimates were reduced through 2012, Goldman Sachs said. Company is seeing lower sales and also lacks catalysts. Sell rating and new $9.50 price target.
Microchip Technology estimates increased at Morgan StanleyMCHP estimates were raised through 2012, Morgan Stanley said. Company boosted guidance, but the SST purchase does add an overhang to the stock. Equal-weight rating.
Murphy Oil estimates lowered at UBSMUR estimates were cut through 2011, UBS said. Company is being hurt by currency rates. Neutral rating and $58 price target.
ON Semiconductor estimates raised at Morgan StanleyONNN estimates were increased through 2012, according to Morgan Stanley. Company boosted guidance and should continue to grow its gross margin. Underweight rating.
Pulte Homes estimates, target increased at UBSPHM estimates were raised through 2011, UBS said. Company should benefit as the market stabilizes. Sell rating and new $9 price target.
Prudential Financial target, estimates higher at BarclaysPRU price target increased to $57 from $53 as the company reported another quarter of very strong operations, Barclays said. 2010 and 2011 EPS estimates lifted to $5.81 and $6.60, respectively. Maintain Equal Weight rating.
Pioneer Natural estimates boosted at Morgan StanleyPXD estimates were upped through 2012, Morgan Stanley said. Company is seeing ramping production growth. Equal-weight rating.
Qwest target increased at FBRShares of Q now seen reaching $5.75, FBR Capital Markets said. Company is seeing higher enterprise sales and continues to control costs. Market Perform rating.
Quest Software estimates increased at GoldmanQSFT estimates were raised through 2012, Goldman Sachs said. Company is seeing a lower tax rate and is expected to buy back more stock. Sell rating and $16.50 price target.
SBA Communications estimates lowered at Morgan StanleySBAC estimates were cut through 2011, according to Morgan Stanley. Domestic site leasing business could slow. Equal-weight rating.
Southern Company numbers raised at GoldmanShares of SO now seen reaching $34, according to Goldman Sachs. Estimates also increased, given the company's new guidance. Neutral rating.
SPX Corp. estimates, target boosted at FBRShares of SPW now seen reaching $68, according to FBR Capital Markets. Estimates also upped, as the company is seeing better Test & Measurement results. Market Perform rating.
Symantec estimates reduced at FBRSYMC estimates were lowered through 2011, according to FBR Capital Markets. Company faces currency headwinds and faces dilution following its recent acquisitions. Outperform rating and $20 price target.
Symantec estimates upped at Morgan StanleySYMC estimates were boosted through 2012, Morgan Stanley said. Company is seeing sales growth across the board. Equal-weight rating and $20 price target.
Tenet Healthcare estimates increased at Morgan StanleyTHC estimates were raised through 2011, Morgan Stanley said. Cost-cutting is offsetting lower admission levels. Underweight rating.
Time Warner estimates boosted at BofA/MerrillTWX 2010 and 2011 EPS estimates inflated to $2.21 and $2.57, respectively, on a solid start to 2010, Bank of America/Merrill Lynch said. Reiterate Neutral rating and $34 price target.
Time Warner numbers raised at GoldmanShares of TWX now seen reaching $36, according to Goldman Sachs. Estimates also increased, given higher results in advertising, cable networks and publishing. Buy rating.
Time Warner price target increased at BarclaysTWX price target raised to $32 from $30, Barclays said. Reiterate Equal Weight rating.
Vale estimates upped at Morgan StanleyVALE estimates were boosted through 2011, Morgan Stanley said. Company is seeing higher prices in the ferrous division. Overweight rating and $38 price target.
