Tuesday's Analysts' Upgrades and Downgrades
CHANGE IN RATINGSAmerus downgraded at Friedman, Billings: AMH was downgraded from Outperform to Market Perform, Friedman, Billings Ramsey said. Stock is now trading within 2% of Aviva's $69 takeover offer.
Seacor upgraded at JP Morgan: CKH was upgraded from Neutral to Overweight, JP Morgan said. Core businesses should continue to perform well, because of strong demand and tight capacity. Estimates also increased.
Cognizant Tech rated new Outperform at Credit Suisse: Credit Suisse said it is initiating coverage on CTSH with an Outperform rating. Believes environment for offshore remains strong and company's strong brand name and its investments in sales should lead to strong revenue. Sets $80 target price.
Corning rated new Outperform at Credit Suisse: Credit Suisse said it is initiating coverage on GLW with an Outperform rating. Believes LCD TV cycle is only in second inning. Sets $24 target price.Kraft Foods downgraded at UBS: UBS downgraded KFT to Reduce from Neutral and lowered its price target to $32 from $35. 2006 estimates were lowered two cents to $1.95 and 2007 estimates were reduced to $2.01 from $2.10. The company could see increasing input cost inflation which may not be offset by pricing. Inco downgraded at Friedman, Billings: Rating on N was lowered to Market Perform, Friedman, Billings Ramsey said. Upside limited, following the $77 a share cash bid from CVRD. PD offers better value, at current levels.
STOCK COMMENTS / EPS CHANGESAgilent Technologies estimates raised at Goldman: Goldman said it is raising its 2006 EPS estimates on A to $1.51 from $1.43 after solid F3Q results. Maintained Neutral rating and $33 target price.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV