This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Wednesday's Analysts' Upgrades and Downgrades

CHANGE IN RATINGS

Brooks Automation (BRKS) was downgraded to Peer Perform at Bear Stearns. Stock is up 20% on the year, and has reached the $19 price target. Company should deliver strong first quarter results, but near-term catalysts already appear to be priced into the stock.

Compucredit (CCRT) was downgraded to Underperform at Wachovia. Company missed first quarter expectations, and poor execution could continue to weigh on results even as credit appears to be stabilizing.

Citizens Communications (CZN) was downgraded at Credit Suisse to Neutral from Outperform. Says potential upside is limited following solid Q1 results. Maintained $16 target price.

Delta Air Lines (DAL) coverage initiated at Goldman with a Buy rating and $25 price target. See above average growth from more robust domestic-to-international capacity shift, and best-in-class unit costs and free cash flows, and less labor cost risk than other large legacies. Believe growth in international demand will benefit Delta disproportionately because it has more widebody aircraft available.

FLIR Systems (FLIR) was downgraded to Neutral at JP Morgan. The US Army needs a new helicopter badly, which means that Textron will be busy, and likely farming more work out to FLIR.

IBM (IBM) upgraded at Goldman Sachs to Buy from Neutral due to accelerated buyback program that will add 8 cents a share this year and over 20 cents in 2008. Upgrade comes less than a weak after stock downgraded on weak US spending and no near-term catalysts. Expect management commentary at May 17 analyst meeting.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs