NEW YORK (TheStreet) -- CHANGE IN RATINGS, EPS
Adobe (ADBE) target raised at Citigroup to $35. Long term benefit from subscription likely to accrue to growth and margins. Buy rating.
AOL (AOL) estimates, target raised at Credit Suisse. Shares of AOL now seen reaching $17. Estimates also increased, as the company is realizing higher sales and keeping a tight lid on costs. Neutral rating.
Apple (AAPL) rated new Overweight at Evercore. $600 price target. Company continues to grow, despite weak consumer sentiment.Becton, Dickinson and Company (BDX) estimates cut at Citigroup through 2013 on weak guidance. Maintain $79 price target and Neutral rating. Boston Scientific (BSX) rated new Outperform at Credit Suisse. $7.50 price target. Company is in the early stages of a multi-year turnaround. Check Point (CHKP) downgraded at Morgan Stanley from Overweight to Equal-weight. Valuation call. Community Health (CYH) downgraded at Goldman from Neutral to Sell. Company faces multiple growth headwinds. $17 price target. Dell (DELL) rated new Equal-weight at Evercore. $17.50 price target. Company still operates primarily in a commodity business. Dendreon (DNDN) estimates, target cut at Credit Suisse. Shares of DNDN now seen reaching $11. Estimates also reduced, given continued execution issues. Neutral rating. Devon Energy (DVN) estimates raised at UBS through 2012. Plans to bring in a JV partner across its New Ventures plays. Maintain $85 price target and Buy rating. EMC (EMC) rated new Equal-weight at Evercore. $33 price target. Company is leveraged to multiple secular growth markets. Forest Oil (FST) numbers boosted at Credit Suisse. Shares of FST now seen reaching $21. Estimates also upped, given solid production growth across the board. Outperform rating. Fortinet (FTNT) upgraded at Morgan Stanley from Equal-weight to Overweight. $28 price target. Services headwinds should soon begin to abate. Fortinet rated new Neutral at UBS. $24 price target. Well positioned to ride strong secular multi year demand tailwinds, however share look fairly valued. Foster Wheeler (FWLT) numbers lowered at Credit Suisse. Shares of FWLT now seen reaching $26. Estimates also cut, given the company's new guidance. Outperform rating. Foster Wheeler numbers lowered at UBS. Shares of FWLT now seen reaching $28. Estimates also lowered as 2011 E&C revs are expected to be down y/y. Buy rating.
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