Adobe Systems rated new Buy at ThinkEquityADBE was initiated with a Buy rating, ThinkEquity said. Company should benefit from ongoing shift toward Internet-based multimedia and advertising.
Autodesk upgraded at ThinkEquityADSK was upgraded from Hold to Buy, ThinkEquity said. New analyst believes that the company should remain the scale leader in design software.
Adtran upgraded at UBSADTN was upgraded from Neutral to Buy, UBS said. $31 price target. Stock looks attractive, following a recent pullback. Company has little European exposure and should benefit from U.S. stimulus spending.
ArvinMeritor initiated at CitiARM initiated with a Buy rating and $20 price target. Credible margin story & multiple upside, Citigroup said.
Brookfield Asset Management upgraded at Credit SuisseBAM upgraded to Outperform from Neutral on improved valuation and several business opportunities, Credit Suisse said. Price target jumped to $32 from $26.
Compass Minerals downgraded at JP MorganCMP downgraded at JP Morgan. Rating lowered to Neutral from Overweight. Maintains $76 price target. 2010 EPS estimates lowered to $5.40 from $5.90.
Danaher upgraded at JP MorganDHR upgraded at JP Morgan. Rating raised to Overweight from Neutral. Price target raised to $94 from $83. 2010 EPS estimates raised to $4.40 from $4.20.
Fuel Systems Solutions downgraded at Thomas WeiselFSYS downgraded to Market Weight from Overweight on near-term demand uncertainty, Thomas Weisel said. Price target lowered to $28 from $35.
Randgold Resources downgraded at Thomas WeiselGOLD downgraded to Market Weight from Overweight on relative valuation and weak 1Q10 results, Thomas Weisel said. Maintain $95 price target.
Hubbell upgraded at JP MorganHUB.B upgraded at JP Morgan. Rating raised to Overweight from Neutral. Price target raised to $55 from $50. Maintains 2010 EPS estimates at $3.15.
Lamar Advertising upgraded at OppenheimerLAMR was upgraded from Perform to Outperform, Oppenheimer said. Company had a strong quarter and earnings growth should pick up in the second half of the year. $44 price target.
Leap Wireless International downgraded at CitiLEAP downgraded to Hold fom Buy as near-term catalysts are fading, Citigroup said. Price target lowered to $20 from $24.
Leap Wireless downgraded at CitigroupLEAP was downgraded from Buy to Hold, Citigroup said. Stock was also cut from the Top Picks Live list. $20 price target. Company lacks materially catalysts over the next few months.
Life Time Fitness upgraded at OppenheimerLTM was upgraded from Perform to Outperform, Oppenheimer said. $46 price target. Membership growth should accelerate, as economic pressures ease.
Las Vegas Sands upgraded at UBSLVS was upgraded from Neutral to Buy, UBS said. $28 price target. Estimates also raised, given a higher outlook for Singapore.
Lawson Software downgraded at Piper JaffrayLWSN downgraded at Piper Jaffray. Rating lowered to Neutral from Overweight. Maintains $7.75 price target. Raises 2010 EPS estimates from $0.40 from $0.41.
Ormat Technologies downgraded at CitiORA downgraded to Sell from Hold on weak EPS and limited capacity, Citigroup said. Price target cut to $22 from $36.
Priceline.com upgraded at ThinkEquityPCLN was upgraded from Hold to Buy, ThinkEquity said. New analyst likes the company's market leadership in Europe.
Pepco upgraded at SuntrustPOM was upgraded from Neutral to Buy, Suntrust, Robinson Humphrey said. $18 price target. Company should see rate base growth.
Sanderson Farms upgraded at JP MorganSanderson Farms upgraded at JP Morgan. Rating raised to Overweight from Neutral. Maintains $65 price target. 2010 EPS estimates raised to $5.37 from $4.81.
SenoRx downgraded at CitiSENO downgraded to hold from Buy based on BCR acquisition, Citigroup said. Price target raised by a dollar to $11.
Southern Company upgraded at Morgan StanleySO was upgraded to Equal-weight, Morgan Stanley said. $35 price target. Company should see higher usage and rate base growth.
Teradata upgraded at MerrimanTDC was upgraded from Neutral to Buy, Merriman, Curhan Ford Company is well positioned for the next several quarters.
Teradata estimates upped at Morgan StanleyTDC estimates were boosted through 2012, Morgan Stanley said. Company had strong emerging-markets growth and deferred revenue is rising. Equal-weight rating.
Shares of ATK now seen reaching $105, according to FBR Capital Markets. Estimates also cut, given lower expected sales volume. Outperform rating.
Activision Blizzard estimates cut at Morgan Stanley
ATVI estimates were lowered through 2012, Morgan Stanley said. Have limited visibility for Call of Duty sales. Overweight rating.
Activision Blizzard estimates cut at Morgan StanleyATVI estimates were lowered through 2012, Morgan Stanley said. Have limited visibility for Call of Duty sales. Overweight rating.
Cinemark target, estimates higher at BarclaysCNK price target jumped to $20 from $17 on 1Q10 earnings beat, Barclays said. 2010 and 2011 EPS estimates lifted to $1.14 and $1.23 respectively. Maintain Equal Weight rating.
DirecTV estimates, target raised at Morgan StanleyShares of DTV now seen reaching $42, according to Morgan Stanley said. Estimates also increased, given the company strong results and buyback program. Overweight rating.
Exterran price target boosted at Credit SuisseEXH price target jumped to $30 from $24 on strong 1Q10 results, Credit Suisse said. Reiterate Neutral rating.
Hyatt Hotels numbers increased at FBRH estimates were raised through 2011, FBR Capital Markets said. Company is seeing better results, especially overseas. Underperform rating and $38 price target.
Hansen Natural estimates lowered at UBSHANS estimates were cut through 2011, UBS said. Company had a weak quarter as customers worked down inventory. Buy rating and $50 price target.
Lear target, estimates raised at Credit SuisseLEA price target increased to $91 from $82 on strong first quarter and guidance, Credit Suisse said. Estimates raised through 2012. Maintain Outperform rating.
Level 3 Communications estimates cut at Morgan StanleyLVLT estimates were reduced through 2012, Morgan Stanley said. Company is seeing margin pressure, driven by weaker sales. Underweight rating.
Mercadolibre estimates boosted at Morgan StanleyMELI estimates were upped through 2012, according to Morgan Stanley. Company is keeping a lid on costs and leveraging its marketing spending. Equal-weight rating.
MGM Mirage estimates lowered at UBSMGM estimates were cut through 2011, UBS said. Company not likely to see a turnaround until the convention business picks up. Neutral rating and $14 price target.
Mohawk Industries numbers upped at GoldmanMHK estimates were boosted through 2012, Goldman Sachs said. Company is seeing better pricing and margin assumptions. Sell rating and new $55 price target.
Precision Castparts estimates reduced at GoldmanPCP estimates were cut through 2012, Goldman Sachs said. Company likely to see lower pipe sales and weaker margins. Buy rating.
Transocean estimates, target reduced at GoldmanRIG estimates were cut through 2012, Goldman Sachs said. Company is seeing higher costs, including the loss of the Deepwater Horizon. Buy rating and new $105 price target.
Solera estimates, target boosted at GoldmanShares of SLH now seen reaching $41, according to Goldman Sachs. Estimates also upped, as the company is seeing better organic growth and margins. Neutral rating.
Scripps Networks estimates raised at GoldmanSNI estimates were increased through 2012, Goldman Sachs said. Company is seeing a higher ad revenue base and lower non-programming expenses. Neutral rating and $45 price target.
Schweitzer-Manduit numbers boosted at GoldmanShares of SWM now seen reaching $53, according to Goldman Sachs. Estimates also upped, given the new supply agreement in Europe. Neutral rating.
Wisconsin Energy numbers increased at Morgan StanleyWEC estimates were raised through 2012, Morgan Stanley said. Company should deliver higher earnings at its coal and gas plants. Overweight rating and new $55 price target.
Weight Watchers estimates raised at CitigroupWTW estimates were increased through 2012, according to Citigroup. Company is seeing better attendance rates. Hold rating and $30 price target.
