Qualcomm: Analysts' Upgrades, Downgrades

Accenture (ACN) estimates lowered at UBS through 2011. Company is seeing lower margins and its backlog is not being converted to revenue as quickly. Neutral rating and $41 price target.

Accenture (ACN) target, estimates lowered at Barclays. ACN price target cut by a dollar to $44 on lower guidance. 2010 and 2011 EPS estimates sunk to $2.63 and $2.95, respectively. Maintain Equal Weight rating.

Best Buy (BBY) target, estimate increased at Barclays. BBY price target raised by a dollar to $48 after posting solid 4Q10 results. 2011 EPS estimate lifted to $3.54. Maintain Overweight rating.

Best Buy (BBY) estimates, target boosted at Goldman BBY estimates were raised through 2011. Company should continue to benefit from higher TV sales. Buy rating and new $49 price target.

CVS Caremark (CVS) price target higher at BofA/Merrill to $40 from $36. 2010 and 2011 EPS estimates set at $2.65 and $3, respectively. Maintain Buy rating.

General Dynamics (GD) numbers boosted at Goldman. Shares of GD now seen reaching $87. Estimates also increased, based on higher award activity for Combat Systems. Buy rating.

Massey Energy (MEE) numbers boosted at FBR. Shares of MEE now seen reaching $68. Estimates also raised, as the Cumberland acquisition appears to be a winner.

Oracle (ORCL) estimates, target raised at Goldman. Shares of ORCL now seen reaching $32. Estimates also boosted, as the company should see higher margins following the Sun acquisition. Buy rating.

Qualcomm (QCOM) target, estimates raised at Credit Suisse. QCOM price target increased to $45 from $40 following positive preannouncement. 2010 and 2011 EPS estimates jumped to $2.32 and $2.46, respectively. Neutral rating.

Qualcomm (QCOM) estimates, target boosted at UBS. QCOM estimates were increased through 2011. Company boosted guidance, because of strength in licensing and its chipset business. Buy rating and new $50 price target.

Shaw Group (SHAW) estimates cut, target upped at UBS. Shares of SHAW now seen reaching $39. On the other hand, estimates were lowered, because of a weaker construction backlog in the Power group. Neutral rating.

SLM (SLM) estimates, target increased at FBR. Shares of SLM now seen reaching $23. Estimates also upped, because of lower expected costs. Outperform rating.

Tibco Software (TIBX) estimate, target upped at FBR. TIBX estimates were raised through 2011. Business appears to be gaining momentum. Market Perform rating and new $12 price target.

>To order reprints of this article, click here: Reprints