This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Adobe: Analysts' Upgrades, Downgrades

NEW YORK ( TheStreet) -- CHANGE IN RATINGS

Adobe Systems (ADBE - Get Report) numbers boosted at Jefferies through 2010. Headcount reduction should boost margins. Hold rating and new $40 price target.

Adobe Systems (ADBE - Get Report) downgraded at Oppenheimer from Outperform to Perform. Valuation call, as the selling environment remains challenging.

Allegheny Energy (AYE) downgraded at Citigroup from Buy to Hold. $23 price target. Estimates also cut, to reflect new details about the merchant supply business.

Dime Communications (DCOM - Get Report) upgraded at Barclays to Overweight from Equal Weight. Price target increased to $15 from $12. 2009 and 2010 EPS estimates raised to $0.93 and $1.15, respectively.

Education Management (EDMC) initiated at BofA/Merrill with a Buy rating and $26 price target. 2010 and 2011 EPS estimates set at $1.10 and $1.33, respectively.

Education Management (EDMC) initiated at Barclays with an Overweight rating and $27 price target. 2010 and 2011 EPS estimates set at $1.12 and $1.43, respectively.

Fluor (FLR) upgraded at Citigroup from Sell to Hold. Company had a mixed quarter, but risks are already being priced into the stock. $50 price target.

FPL Group (FPL) upgraded at Citigroup from Hold to Buy. $58 price target. Stock looks attractive ahead of its next rate case in Florida.

Hewitt Associates (HEW) upgraded at Deutsche Bank. Rating raised to Buy from Hold. Price target raised to $55 from $35. 2009 EPS estimates raised to $2.67 from $2.60.

Microchip Tech (MCHP - Get Report) upgraded at Goldman from Sell to Neutral. $24 price target. Valuation call, as the company is poised to gain market share in the near term.

1 of 4

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Try it NOW
Try it NOW
Try it NOW
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.
Submit an article to us!
SYM TRADE IT LAST %CHG
SFD $0.00 0.00%
ADBE $77.55 -1.36%
DCOM $15.48 0.00%
MCHP $50.75 -0.26%
TOL $36.92 -2.64%

Markets

DOW 17,856.78 -278.94 -1.54%
S&P 500 2,071.26 -29.78 -1.42%
NASDAQ 4,927.37 -55.4390 -1.11%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs