Smucker, Motorola: New Targets, Estimates
NEW YORK (
CHANGE IN RATINGS
American International Group
(AIG - Get Report) was rated new buy at Bank of America/Merrill Lynch. $37 price target. Stock is trading at a discount to expected, year-end book value.
(BKH - Get Report) was upgraded to outperform from neutral at Credit Suisse. Attractive valuation with solid growth prospects. Price target trimmed by a dollar to $33.
(CBRL - Get Report)
was downgraded from outperform to market perform at Morgan Keegan. Company is seeing slower sales and could be hurt by rising commodity costs.
(CME - Get Report)
was upgraded from neutral to buy at UBS. $318 price target. Company has cyclical and secular growth potential.
(GNRC - Get Report)
was rated new outperform at Oppenheimer. $23 price target. Company can deliver strong organic growth and generate steady cash flow.
(MU - Get Report)
was upgraded from market perform to outperform at Wells Fargo. Estimates also boosted, given higher memory contract prices.
(NE - Get Report)
was upgraded from market perform to outperform at Morgan Keegan. $48 price target. Stock has pulled back, even though the company is seeing better contract awards.
(UA - Get Report)
was upgraded from hold to buy at Stifel Nicolaus. $80 price target. New products should help drive growth.
was downgraded from buy to hold at Stifel Nicolaus. Solar wafer business is rapidly deteriorating.
was downgraded to neutral from buy at Bank of America/Merrill Lynch. Limited upside after recent rally. Price target raised to $6.75.
End of report.