Analysts' Upgrades, Downgrades: AIG

Stock quotes in this article: BMS , XCO , ABX , AIG , INTU  

Change in Ratings

Bemis (BMS Quote) upgraded at Merrill Lynch to Neutral from Underperform based on stabilizing plastic-packaging trends. Note attractive 7.8% free cash flow yield and prospects for falling plastic resin costs. Price target raised to $29 from $26.

Exco Resources (XCO Quote) initiated at RBC with an Outperform rating and $43 price target. Introduces 2008 EPS estimates of $1.07.

Stock Comments/EPS Changes

Barrick Gold (ABX Quote) numbers lowered at RBC. Price target lowered to $45 from $48. Lowers 2008 EPS estimates to $2.22 from $2.46. Maintains Sector Perform rating.

AIG (AIG Quote) price target cut at Credit Suisse to $22 from $30 based on deterioration of credit markets. Expect elevated losses from derivatives business. Q3 estimate lowered to a loss of 86 cents a share from previous profit of 13 cents. Maintained Neutral rating.

Intuit (INTU Quote) target price raised at UBS to $34 from $33. Lowers fiscal 2009 EPS estimates to $1.89 from $1.93. Maintains Buy rating.

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

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