Analysts' Upgrades and Downgrades

Friday's Analysts' Upgrades, Downgrades

04/25/08 - 09:28 AM EDT


Change in Ratings

America MovilAMX downgraded at Goldman Sachs to neutral from buy after first-quarter EBITDA missed expectations. See less attractive growth profile based on poor Mexico numbers. Price target lowered to $72 from $80.40.

CelesticaCLS upgraded at CIBC. Rating raised to sector outperformer from sector performer. Price target raised to $12 from $7. Raised 2008 EPS estimates to 80 cents from 58 cents.

KrogerKR upgraded at Goldman Sachs to buy from neutral based on fundamentals and recent relative underperformance vs. other consumer discretionary and staples subsectors. Note catalysts including monthly PPI/CPI data, benefits from fiscal stimulus package, and solid operating margins. Price target at $31.

Wal-MartWMT upgraded at Merrill Lynch to buy based on traction in turnaround efforts and potential multiple expansion. See less canibalization from new stores, continued improvement in merchandise and operations, share gains and some benefits from government tax rebates. Price target at $65.

Newmont MiningNEM upgraded by CIBC to sector performer from sector underperformer. Price target increased to $65 from $63. Maintains 2008 EPS estimates of $3.16.

Tenet HealthcareTHC upgraded at Credit Suisse to outperform from neutral based on improving hospital pricing trends and progress in THC's recovery. Price target raised to $8 from $6.

Wendy'sWEN upgraded at Goldman to neutral from sell based on merger announcement with TriarcTRY. WEN shareholders receive 4.25 shares of Triarc per share. First-quarter results came in below expectations. Price target at $27.

Stock Comments/EPS Changes

AmeriCreditACF 2008 EPS estimates lowered at Jefferies to 88 cents from 98 cents. Maintains hold rating and $11 price target.

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This article was written by a staff member of TheStreet.com Ratings.

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ACF was an Value Investor pick on 2007-11-06