Analysts' Upgrades and Downgrades

Return to Article

Analysts' Upgrades, Downgrades: Gap

TSC Staff

CHANGE IN RATINGS

Aeropostale (ARO Quote) upgraded at Merrill/BofA from Underperform to Neutral. $22 price target.

Becton Dickinson (BDX Quote) upgraded at Morgan Stanley from Equal-weight to Overweight. $81 price target.

Check Point Software (CHKP Quote) upgraded at Goldman Sachs to Neutral from Sell. Price target raised to $22 from $19.

Rockwell Collins (COL Quote) downgraded at Goldman Sachs to Sell from Neutral. Price target unchanged at $29.

Chevron (CVX Quote) upgraded at J.P. Morgan to Overweight.

Dover (DOV Quote) downgraded at Deutsche Bank to a Hold from a Buy and price target maintained at $38. 2009 estimate reduced below consensus to $2.97.

Consolidated Edison (ED Quote) upgraded at Citigroup from Hold to Buy. $42 price target.

Embarq (EQ Quote) downgraded at RBC to Sector Perform from Outperform. Price target raised to $39 from $35.

Entergy (ETR Quote) downgraded at Deutsche Bank to Sell from Hold and price target reduced to $73 from $83.

General Dynamics (GD Quote) downgraded at Goldman Sachs to Neutral from Buy. Price target lowered to $64 from $71.

Gap (GPS Quote) downgraded at Barclays to Underweight from Equal-weight. Target price lowered to $10 from $12. Maintains 2008 EPS estimate of $1.28.

Kaydon (KDN Quote) downgraded at Deutsche Bank to a Hold from a Buy and price target unchanged at $34.

Limited Brands (LTD Quote) downgraded at Merrill/BofA from Neutral to Underperform. $8 price target. Estimates also cut.

Martin Marietta Materials (MLM Quote) downgraded at UBS to Sell from Neutral. Price target raised to $82 from $75. Maintains 2008 EPS estimates of $4.20.

Marathon Oil (MRO Quote) downgraded at J.P. Morgan to Neutral.

PepsiAmericas (PAS Quote) downgraded at Goldman to Sell from Neutral. Price target at $18.

Qwest (Q Quote) downgraded at Morgan Stanley from Overweight to Equal-weight.

Raytheon (RTN Quote) upgraded at Goldman Sachs to Buy from Neutral. Price target raised to $57 from $53.

Smithfield Foods (SFD Quote) downgraded at Deutsche Bank to Hold from Buy. Stock has reached its target price of $14.

Shaw Group (SGR Quote) upgraded at Smith Barney to Hold from Sell. Price target raised to $28 from $16. Raises fiscal 2009 EPS estimates to $2.73 from $2.34.

Stryker (SYK Quote) downgraded at Morgan Stanley from Equal-weight to Underweight. $37 price target. Estimates also cut.

STOCK COMMENTS / EPS CHANGES

Apollo (APOL Quote) numbers raised at Barclays. Shares now seen reaching $95. Estimates also boosted to reflect higher sales and enrollment in the most recent quarter. Overweight rating.

Avon (AVP Quote) numbers cut at Citigroup. Shares now expected to reach $29. Estimates also lowered. Buy rating.

Celgene (CELG Quote) added to Top Picks list at Citigroup. Buy rating and $73 price target.

Coach (COH Quote) numbers lowered at Barclays. Shares now seen reaching $35. Estimates also cut to reflect lower sales and margins in the latest quarter. Overweight rating.

Manitowoc (MTW Quote) numbers cut at UBS. Shares now seen reaching $9. Estimates also lowered to match the company's new guidance. Neutral rating.

Spectra Energy (SE Quote) numbers cut at Barclays. Shares now seen reaching $21. Estimates also lowered to reflect negative expected commodity prices and higher financing costs. Equal-weight rating.

Wal-Mart (WMT Quote) numbers lowered at UBS. Shares now seen reaching $61. Estimates also cut, to reflect weaker sales and higher costs in recent months. Buy rating.