Itron (ITRI Quote) downgraded at J.P. Morgan to Neutral from Overweight based on valuation. Shares are up 92% from Nov. 20 low and now trade at 20 times 2009 estimates, slightly below 5-year average. Price target at $65.50.
JA Solar (JASO Quote) downgraded at Collins Stewart to Hold from Buy based on valuation. Market-cap is now above its book value. Maintained $4 target price. Medtronic (MDT Quote) downgraded at Leerink Swann to Market Perform. Despite the potential for double-digit annual earnings growth, as recent execution has been poor and the company lacks near-term catalysts. YRC Worldwide (YRCW Quote) upgraded at Wachovia from Underperform to Market Perform. Valuation call, especially since the Teamsters should agree to labor concessions today.- Loading Comments...
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