Change in Ratings
Applied Materials (AMAT) downgraded at Oppenheimer from Outperform to Perform. $10 price target.
Aeropostale (ARO) downgraded at Barclays from Equal-weight to Underweight. $18 price target. Company's comp sales are at an inflection point, and operating margins are set to decline.
FMC Technologies (FTI) downgraded at JP Morgan to Underweight from Neutral based on currency headwinds. Believe recent strength in U.S. dollar will reverse previously positive trends, pressuring multiples and putting 2009 earnings at risk of downward revisions. Note recent $290 million backlog reduction.GM (GM) downgraded at Deutsche Bank to Sell from Hold. Price target lowered to $0 from $4. 2008 loss estimates lowered. General Motors downgraded at Barclays from Equal-weight to Underweight. $1 price target. Says cash will likely fall below minimum needs in the first quarter without further government assistance. Kohl's (KSS) upgraded to Market-weight from Underweight at Thomas Weisel. Price target maintained at $34. Lifepoint (LPNT) upgraded from Sell to Hold at Citigroup. $25 price target. Valuation call, even though estimates were cut to match the company's new guidance. Las Vegas Sands (LVS) downgraded at Merrill Lynch. Rating lowered to Underperform from Neutral. Price target lowered to $7 from $15. Maintains 2008 EPS estimates. Urban Outfitters (URBN) downgraded at Barclays to Underweight. Estimates also cut, as the company will have to continue markdowns to help move inventory. Wells Fargo (WFC) upgraded from Neutral to Outperform at Credit Suisse with a price target of $38.
Stock Comments/EPS ChangesBrookfield Asset Management (BAM) target cut at Credit Suisse to $25 from $30 based on lower cash flow assumptions following Q3 results. Maintained Outperform rating.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV