NEW YORK ( TheStreet) -- CHANGE IN RATINGS
initiated at Bank of America/Merrill Lynch with a Buy rating. $58 price target. Company is well-positioned and has plenty of runway.
was upgraded by Keybanc from Hold to Buy. $42 price target. Company has attractive oil assets.
initiated at Goldman Sachs with a Neutral rating. Company has strong margins, but already trades at a premium valuation.
downgraded at Thomas Weisel to Market Weight from Overweight as the market is factoring in too much upside. Price target lifted to $38 from $26.
upgraded at Bank of America/Merrill Lynch to Buy from Neutral. Price target lifted to $54 from $51. Only diversified utility that can produce positive earnings growth next three-four years.
(HK - Get Report)
upgraded at FBR from Market Perform to Outperform. $30 price target. Company is closing its funding gap with asset sales and lower cap-ex spending.
(IPG - Get Report)
upgraded at Argus Research from Hold to Buy. $12 price target. Consumer economy is rebounding and the company should benefit from higher advertising spending.
upgraded at UBS from Neutral to Buy. $34 price target. Estimates also raised, as the company is positioned well coming out of the recent industry downturn.
upgraded at Credit Suisse to Outperform from Neutral on improving labor conditions and rising operating metrics. Price target jumped to $22 from $15. 2009 and 2010 EPS estimates lifted to 35 cents and 3 cents, respectively.
downgraded at Bank of America/Merrill Lynch to Neutral from Buy on valuation. Price target lifted to $25 from $23.
was initiated at Robert Baird with an Outperform rating. $27 price target. Company is positioned to benefit from a cyclical recovery in advertising spending.
upgraded at Janney Montgomery to Buy. $24 price target. Sales and margins have improved from trough numbers in the third quarter.
initiated at Barclays with an Overweight rating and $24 price target. Visibility to growth, healthy margins and solid cash generation.
Waddell & Reed Financial
downgraded at Bank of America/Merrill Lynch to Neutral from Buy on valuation. Price target raised to $40 from $36.
upgraded at Keefe, Bruyette & Woods from Underperform to Market Perform. $25 price target. Estimates also raised, as the company is seeing lower net charge-offs.