Monday, April 23, 2012

STOCK UPGRADES AND DOWNGRADES



                                           


NEW YORK (TheStreet) -- CHANGE IN RATINGS
Factset(FDS) was initiated with an Equal-Weight rating at Morgan Stanley. Valuation call, based on a $102 price target, Morgan Stanley said.
F5 Networks(FFIV) was initiated with an Overweight rating at Morgan Stanley. $155 price target. Company is leveraged to increased adoption of layer processing in the networking space, Morgan Stanley said.
Forward Air(FWRD) was downgraded at Dahlman Rose from Buy to Hold. Company faces cost headwinds and a weak pricing environment, Dahlman Rose said.
Forward Air was downgraded at Robert Baird from Outperform to Neutral. Company lacks near-term catalysts, Robert Baird said. $40 price target.
MB Financial(MBFI) was downgraded from Buy to Hold at Stifel Nicolaus. Valuation call, Stifel Nicolaus said.
PPG(PPG) was initiated with an Overweight rating at JP Morgan. Valuation call, based on a $120 price target, JP Morgan said.

STOCK COMMENTS / EPS CHANGES

A.O. Smith(AOS) numbers were boosted at Keybanc. Shares are now seen reaching $53. Estimates were also increased, as China is driving growth, Keybanc said.
A.O. Smith numbers were raised at Jefferies. Shares are now seen reaching $54. Estimates were also raised on first-quarter results better underneath. Buy rating.
Capital One Financial(COF) numbers were raised at Oppenheimer. Shares are now seen reaching $64. Estimates were also raised on solid quarter, Oppenheimer said. Outperform rating.
Canadian Pacific Railway(CP) numbers were raised at Jefferies. Shares are now seen reaching $79. Estimates were also raised on very solid quarterly performance, Jefferies said. Hold rating.
City National(CYN) numbers were increased at Guggenheim. Estimates were raised through 2013. Company is seeing better credit results, Guggenheim said. Neutral rating and new $53 price target.
Expeditors(EXPD) estimates, target cut at Credit Suisse. Shares are now seen reaching $48. Estimates were also reduced, given a soft air freight business, Credit Suisse said. Neutral rating.
Gardner Denver(GDI) numbers were cut at Credit Suisse. Estimates were reduced through 2014. Company has low near-term sales visibility, Credit Suisse said. Neutral rating and new $68 price target.
General Electric(GE) estimates were cut at Morgan Stanley through 2013. Company has yet to deliver operating leverage, Morgan Stanley said. Overweight rating and $21 price target.
Honeywell(HON) estimates, price target were raised at Goldman Sachs. Shares are now seen reaching $65. Estimates were also increased, as the company is realizing higher margins, Goldman said. Neutral rating.
Honeywell numbers were raised at Oppenheimer. Shares are now seen reaching $68. Estimates were also raised on revenue and margin upside, Oppenheimer said. Outperform rating.
Kimberly-Clark(KMB) price target was boosted at BMO Capital. Shares are now seen reaching $80. Company began the year with a solid start, BMO Capital said. Market Perform rating.
Manpower(MAN) estimates, price target were boosted at Morgan Stanley. Shares are now seen reaching $43. Estimates were also increased, as the company continues to execute well, despite a difficult macro environment. Equal-weight rating.
Manpower estimates, price target were reduced at Credit Suisse. Shares are now seen reaching $54. Estimates were also cut, given lower expected sales. Outperform rating.
Priceline.com(PCLN) numbers were increased at Credit Suisse. Estimates were boosted through 2014. Hotel inventory growth is accelerating, Credit Suisse said. Outperform rating and new $811 price target.
Triumph(TGI) estimates, price target were raised at Credit Suisse. Shares are now seen reaching $74. Estimates were also increased, as the company is carrying a lot of momentum into the new year. Outperform rating.
Under Armour(UA) numbers were increased at Morgan Stanley. Estimates were increased through 2013. Higher sales are driving margin expansion, Morgan Stanley said. Overweight rating and new $116 price target.
Valmont(VMI) estimates, price target were raised at Credit Suisse. Shares are now seen reaching $119. Estimates were also increased, as the company has a lot of operating momentum, Credit Suisse said. Neutral rating.

TheStreet Staff

04/23/12 - 08:28 AM EDT

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