Thursday's Analysts' Upgrades and Downgrades
CHANGE IN RATINGS
Accenture (ACN Quote) downgraded at Morgan Stanley from overweight to equalweight and lowers price target from $48 to $42. Akamai (AKAM Quote) downgraded at Kaufman to Sell from Hold. Cites intensifying competition among existing players and new entrants will pressure earnings. Reduced target price to $25 from $33. AMR (AMR Quote) downgraded at Goldman Sachs to Sell from Neutral based on expected weak performance in PRASM (relative to peers) along with continuing domestic pressures. Atlantic traffic is weighted to UK, leaving company vulnerable to deteriorating economic outlook. Price target cut to $22 from $25. Biocryst (BCRX Quote) downgraded at ThinkEquity to an Accumulate rating following announcement of disappointing Peramivir data. Target cut to $10. Clarcor (CLC Quote) downgraded at Bear to a Peer Perform rating following disappointing Q3 earnings results. General Mills (GIS Quote) upgraded at Credit Suisse to Outperfrom from Neutral based on improved execution by management and valuation. Raised target price to $65 from $59. Southwest Air (LUV Quote) upgraded at Goldman Sachs to Neutral from Sell based on defensive position relative to peers. See growing threats to certain international economies and expect oil headwinds to grow. Target price remains $15. Pepsi Bottling Group (PBG Quote) downgraded at Bernstein to a Market Perform rating based on valuation. Maintained $40 target price. Wynn Resorts (WYNN Quote) downgraded at Jefferies to Hold rating from Buy. However, price target lifts to $132 from $127 and FY 2008 EPS estimates upped to $3.62 from $3.32.STOCK COMMENTS / EPS CHANGES
Aegean Marine Petroleum Network (ANW Quote) target raised at Bear from $30 to $35 to reflect a stronger growth outlook. Maintained Outperform rating.- Loading Comments...
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