Analysts' Upgrades and Downgrades

Analysts' Upgrades, Downgrades: Yahoo!

 

Change in Ratings

Apollo Group (APOL) was upgraded at Bank of America to Neutral from Sell. Maintains $60 price target and 2008 EPS estimates of $2.70.

Bank of America (BAC) was upgraded to Market Perform, Keefe, Bruyette & Woods said. $25 price target. Valuation call, with the stock trading at 9.5 times expected 2009 earnings and 2.1 times tangible book value.

J.P.Morgan said it is upgrading BMC Software (BMC) to Neutral from Underweight based on value of maintenance revenue stream. Note mainframe database tools business is experiencing stable pricing environment.

Celgene (CELG) was upgraded from Neutral to Outperform, Cowen said. Valuation call, as the stock is not fully pricing in the company's expected growth over the next few years.

J.P.Morgan said it is upgrading Citrix (CTXS)to Overweight from Neutral based on valuation and low market expectations. Note that shares trade at 22% discount to NPV of recurring revenue. Price target at $26.

Estee Lauder (EL) was downgraded from Equal-weight to Underweight, Morgan Stanley said. $48 price target. Estimates also cut, because of weaker expected sales demand.

Energizer (ENER) was downgraded to Equal-weight, Morgan Stanley said. $102 price target. Estimates also cut, given the company's foreign currency exposure.

KLA-Tencor (KLAC) was downgraded from Buy to Neutral, Bank of America said. $29 price target. Expect lower industry cap-ex spending, heading into 2009.

Kimberly-Clark (KMB) was upgraded from Underweight to Equal-weight, Morgan Stanley said. $70 price target. Moderating input costs should give the company some margin relief.

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,419.86 1,313.32 2,837.36 16.02
Oil *
103.32
DOWN
160.83
DOWN
19.10
DOWN
33.63
DOWN
0.23
10 Yr
1.60%
SPDR Gold
151.91
-1.28%
-1.43%
-1.17%
-1.42%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet