NEW YORK (TheStreet) -- CHANGE IN RATINGS
Alliance Data (ADS) upgraded at Suntrust from Neutral to Buy. $70 price target. Earnings growth is poised to accelerate, beginning next year. Altera (ALTR) downgraded at Morgan Stanley from Overweight to Equal-weight. Checks indicate that earnings upside potential is muted. A123 Systems (AONE) initiated at BofA/Merrill with an Outperform rating and $17 price target. 2009 and 2010 EPS estimates set at -$1.02 and -$0.64, respectively. A123 Systems (AONE) rated new Equal-weight at Morgan Stanley. Stock already trades at a premium valuation, but has exposure to attractive end-markets. Apollo Commercial Real Estate Finance (ARI) initiated at Barclays with an Overweight rating and $22 price target. 2009 and 2010 EPS estimates set at -$0.01 and $1.46, respectively. Artio Global (ART) initiated at BofA/Merrill with a Neutral rating and $25 price target. 2009 and 2010 EPS estimates set at $1.44 and $1.79, respectively. Avalon Bay Communities (AVB) upgraded at BofA/Merrill to Neutral from Underperform as market headwinds moderate. $70 price target. 2009 and 2010 EPS estimates set at $3.88 and $3.96, respectively. Canadian Solar (CSIQ) upgraded at Barclays to Equal Weight from Underweight on near term fundamentals. Price target jumped to $16 from $11.50. 2009 and 2010 EPS estimates set at $1.34 and $1.60, respectively. CSX (CSX) upgraded at Stifel from Hold to Buy. $51 price target. Valuation call, to reflect core price increases. Intel (INTC) downgraded at Morgan Stanley from Overweight to Equal-weight. Company faces the risk of declining PC shipments. KLA-Tencor (KLAC) downgraded at Morgan Stanley from Equal-weight to Underweight. $26 price target. Estimates also cut, to reflect the company's high foundry exposure.TheStreet Premium Services For Personal Service: 877-471-2967
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 12,801.23 | 1,342.64 | 2,903.88 | 19.69 |
Oil *
117.67
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DOWN
89.23 |
DOWN
9.31 |
DOWN
23.35 |
DOWN
0.78 |
10 Yr
1.97%
SPDR Gold
167.14
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-0.69%
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-0.69%
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-0.80%
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-3.81%
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