This Day On The Street
Continue to site
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

Thursday's Analysts' Upgrades, Downgrades

Change in Ratings

ADC Telecom (ADCT) upgraded at Deutsche from hold to buy with an $18 price target. Near-term consensus analyst estimates should prove conservative, as channel checks point toward healthy CapEx spending. 2008 estimate also raised.

Hain Celestial (HAIN - Get Report) downgraded at JPMorgan from overweight to underweight. See downside potential to March quarter results, given disappointing sales trends.

Halliburton (HAL - Get Report) upgraded at Goldman Sachs to buy from neutral based on improved outlook for North American drilling. See over 150 new floaters and jackups entering the market between 2008 and 2012, increasing revenue estimates for offshore drillers. Note HAL valuation and above-average earnings growth vs. peers. Price target raised from $44 to $48.

Hospira (HSP) downgraded at Morgan Stanley from overweight to equal-weight, with a $44 price target. New analyst believes the stock is fully valued. Earnings could also be hurt by a lull in generic patent expirations.

Lennox International (LII - Get Report) downgraded at JPMorgan from overweight to neutral. Company lacks catalysts, with both residential and commercial construction declining. Estimates also cut, even with the benefit of stock buybacks and the cost reductions.

Nationwide Financial (NFS) upgraded at UBS to buy rating from neutral. Price target upped to $55 from $48 while fiscal year 2008 EPS estimates hold at $4.72.

Ralcorp (RAH) downgraded at JPMorgan from neutral to underweight. Company is facing increasing cost inflation pressures, which can't all be passed along to customers. Estimates also cut.

Virgin Media (VMED) downgraded at Jefferies to hold rating from buy. Price target dips to $16 from $22 while fiscal year 2008 EPS estimates lowered to loss of $3.02.

Weatherford (WFT) downgraded at Goldman Sachs to neutral from buy based on passing of catalysts and preference for HAL. Note recent strong performance and limited leverage to improved offshore outlook. Target at $80.

Westlake Chemical (WLK) upgraded at Morgan Stanley to overweight with a $22 price target. Company should benefit of lower ethane prices, relative to naptha. Estimates also increased.

Watsco (WSO) downgraded at JPMorgan from overweight to neutral. Company cannot cut costs fast enough to keep up with further construction weakness.

Stock Comments/EPS Changes

Mosaic (MOS) estimates, target raised at Morgan Stanley. MOS now expected to reach $93, Morgan Stanley said. Estimates also raised, as higher prices are driving margin growth. Equal-weight rating.

Merck (MRK) numbers lowered at Morgan Stanley. MRK now seen reaching $56 a share, according to Morgan Stanley. Estimates also cut, to reflect lower Vytorin numbers. Despite the cuts, the stock still offers a compelling buying opportunity. Overweight rating.
This article was written by a staff member of Ratings.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
VMED $0.00 0.00%
HSP $0.00 0.00%
HAL $41.31 0.00%
HAIN $41.86 0.00%
LII $134.95 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs