Change in Ratings
Banco Bradesco(BBD Quote) downgraded at Goldman Sachs to neutral from buy based on recent stock price performance. Shares are up 13% since Feb. 11. See 21% upside to six-month target price of $35. Mylan(MYL Quote) upgraded at Citigroup to a buy rating as share price reflects potential guidance cut and stock has bigger potential reward than Teva Pharmaceutical(TEVA Quote). Orient Express(OEH Quote) upgraded at UBS to buy from neutral. Maintains 2008 EPS estimates of $1.36 and $57 price target. Omniture(OMTR Quote) upgraded at Baird to an outperform rating as stock has pulled back and modest slowdown in marketing spending already been reflected in stock price. Southern Copper(PCU Quote) coverage initiated at JPMorgan with an underweight rating based on valuation. Note relative valuation vs. Latin American Metals peers, especially on EBITDA basis. Price target at $91. UCBH(UCBH Quote) Holdings downgraded at FBR to a market perform rating due to increased uncertainty as long-time auditor PWC has departed. WuXi PharmaTech(WX Quote) upgraded at Jefferies to buy from hold. 2008 EPS estimates raised to 76 cents from 72 cents. Maintains $30 price target.Stock Comments/EPS Changes
Amgen(AMGN Quote) 2008 EPS lowered at UBS to $4.16 from $4.20. Price target lowered to $49 from $52. Reiterates neutral rating. Central European Distribution(CEDC Quote) 2008 EPS estimates raised at Jefferies to $2.30 from $2.15. Reiterates buy rating and $66 price target. Cabot Oil & Gas(COG Quote) 2008 EPS estimates raised at Jefferies to $2.16 from $1.78. Reiterates buy rating and $63 price target. Goodrich Petroleum(GDP Quote) target raised at Deutsche Bank to $31 as year-end reserves beat estimates. Maintained hold rating. Marshall & Ilsley(MI Quote) estimates cut at Deutsche Bank to $2.20 a share to reflect increased loan losses. Maintained hold rating. Suntech Power(STP Quote) price target lowered at Jefferies to $63 from $68. 2008 EPS estimates lowered to $1.59 from $1.70. Reiterates buy rating. Wilmington Trust(WI Quote) estimates cut at Deutsche Bank to $2.75 a share due to concerns over real estate-related losses. Maintained hold rating.- Loading Comments...
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