Analysts' Upgrades, Downgrades: GE

Stock quotes in this article: GE , CTX , RIG , FUL , INTU , STLD , SXT , NCC  

Change In Ratings

Compass Minerals(CMP Quote) upgraded at Goldman Sachs to neutral from sell based on improved pricing power in specialty fertilizers and strong fundamentals in global fertilizer industry. See cash flow generation ability as attractive in current weak economic environment, and note defensive nature of salt business. Price target at $68.

Centex(CTX Quote) upgraded at UBS The rating was raised to buy from neutral. Fiscal 2009 EPS estimates lowered to -$2.70 from -$1.90. Lowers price target to $17 from $23.

Digital River(DRIV Quote) downgraded at Goldman Sachs to sell from neutral due to weakening consumer spending and ongoing pressure from lower Symantec revenue. Expect operating margins to remain flat through 2009 and possibly into 2010. Price target cut to $33 from $38.

HB Fuller(FUL Quote) downgraded at Keybanc from buy to hold. Estimates also cut, as the company continues to operate in a difficult environment.

Intuit(INTU Quote) downgraded at Goldman Sachs to sell from neutral as a result of U.S. economic weakness spilling over into international business. Expect longer sales cycles, price discounting, and sales slippage caused by slower deal closings. Note some benefits from strength in emerging markets and currency effects. Price target cut to $25 from $31.

National City(NCC Quote) downgraded at Merrill from neutral to underperform. Credit quality continues to deteriorate in the Midwest, and the upcoming equity offering will be extremely dilutive. $4 price target.

Nucor(NUE Quote) upgraded at UBS from buy from neutral. Maintains 2008 EPS estimates of $6.90 and $85 price target.

Transocean(RIG Quote) upgraded at JP Morgan from neutral to overweight. Deepwater market remains strong, measured by recent contract signings. Free cash flow should continue to build in the coming quarters.

  • Loading Comments...
  •  
< Previous
1 2 3

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services