This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Analysts' Upgrades, Downgrades: Citi

Change in Ratings

Albermarle (ALB - Get Report) downgraded at Oppenheimer from Perform to Underperform. The company's two main end-markets are likely to remain under pressure into 2009. 2009 estimate also cut by 23%.

BJ Services (BJS) upgraded at Wachovia to Outperform. Survey shows a tighter market in North America, and the stock could outperform its peers over the next 6-9 months.

Stock Comments/EPS Changes

Citigroup (C - Get Report) numbers cut at Deutsche Bank. Shares now seen reaching $9. Estimates also lowered, to reflect the company's new guidance for consumer credit losses. Hold rating.

Covidien (COV) numbers cut at Morgan Stanley. Shares now seen reaching $51. Estimates also lowered, given the company's new guidance regarding the strong dollar and a higher expected tax rate. Overweight rating.

Illinois Tool Works (ITW - Get Report) target cut at Goldman to $39 from $41 based on weak October sales that reflected the soft macroeconomic environment. Note weakness appears to have been driven mainly by Europe. Maintained Buy rating.

Sierra Pacific (SRP) added to Conviction Buy List based on valuation. Expect resolution of Nevada Power rate case by mid-2009 to be a catalyst in driving shares toward peer multiples. Price target at $15.

Target (TGT - Get Report) estimates cut at Credit Suisse to $45 from $50 to account for lower gross margins and comparable store sales. Maintained Neutral rating.

TransCanada (TRP) target cut at Credit Suisse to $38 from $40 to account for equity issuance. Maintained Neutral rating.

Strategy Calls/Market Calls

Coal estimates cut at Morgan Stanley. Numbers were cut for Peabody Energy (BTU - Get Report) and Alpha Natural (ANR). Companies will be hurt by lower consumption and competition from natural gas. Maintain Overweight ratings and an In-Line sector rating.
This article was written by a staff member of TheStreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
COV $106.71 -1.26%
ALB $45.30 0.00%
C $53.28 0.00%
BTU $2.39 0.00%
ITW $85.06 0.00%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs