Analysts' Upgrades and Downgrades

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Monday's Analysts' Upgrades, Downgrades

05/05/08 - 09:35 AM EDT

TheStreet.com Ratings Staff

Yahoo! coverage reinstated at Goldman Sachs with a neutral rating, following its rejection of the Microsoft's $33/share bid. Note that company reported slightly better than forecast first-quarter earnings since Microsoft's bid became a major focus. Price target at $26.

Stock Comments/EPS Changes

CiscoCSCO target price higher at Credit Suisse to $30 from $27 based on 18 times multiple to 2009 estimates. See CSCO among best relative tech stocks based on limited downside risk and significant upside potential based on widespread convergence onto IP infrastructure. Maintained outperform rating.

ChevronCVX price target raised at Credit Suisse to $100 from $98 based on higher WTI Crude Oil price estimate. Each $10 change adds approximately 30 cents per share in quarterly earnings. Maintained neutral rating.




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

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