Analysts' Upgrades and Downgrades
Analysts' Upgrades, Downgrades: Manpower
TSC Staff
12/23/08 - 09:23 AM EST
CHANGE IN RATINGS
comScore (SCOR) rated new Buy at Credit Suisse based on strong long-term growth potential from its digital measurement solutions. Sets $13 target price.
STOCK COMMENTS / EPS CHANGES
Manpower (MAN) target cut at Credit Suisse to $45 from $53. Cites near-term uncertainty following weak Q4 guidance, but sees long-term risk/reward. Maintained Outperform rating.
PPG Industries (PPG) target price trimmed at Goldman to $39 from $45 due to weaker demand outlook. Company warned that EPS will be down 60% to 70% in Q4 as a result of dramatic reduction in demand from global industrial and automotive markets. Maintained Neutral rating.
Roper Industries (ROP) numbers cut at Barclays. Shares now expected to reach $47. Estimates also lowered, to match the company's new guidance. Overweight rating.
Sysco (SYY) numbers cut at Barclays. Shares now seen reaching $26. Estimates also lowered, to reflect the company's recent sales warning. Equal-weight rating.