Analysts' Upgrades, Downgrades: SunPower
10/07/08 - 09:26 AM EDT
TSC Staff
NYSE Euronext (NYX Quote - Cramer on NYX - Stock Picks) target cut at Credit Suisse to $52 from $60. Cites investment spending and says impact of recent/upcoming acquisitions will continue to dampen earnings power visibility. Maintained Neutral rating.
SAP (SAP Quote - Cramer on SAP - Stock Picks) price target slashed at Goldman to $43 from $56 following third-quarter earnings miss. Tough economic conditions impacted company's closure rates, and credit crisis appears to have frozen SME spending, limiting near-term visibility. Maintained Neutral rating. Strategy Calls/Market Calls Community Health Systems (CYH Quote - Cramer on CYH - Stock Picks) and Universal Health Services (UHS Quote - Cramer on UHS - Stock Picks) were downgraded from Buy to Hold, Deutsche Bank said. Estimates also cut to reflect the weaker domestic economy. Estimates and targets cut across the board for Industrial Manufacturers, Morgan Stanley said. Remain cautious on the group, despite a 40% pullback. Rating on Fastenal (FAST Quote - Cramer on FAST - Stock Picks) was also cut to Underweight.
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