Cummins (CMI) estimates, boosted at Credit Suisse. Shares of CMI now seen reaching $120, according to Credit Suisse. Estimates also upped, as the company is realizing higher margins. Outperform rating.
Foster Wheeler (FWLT) numbers cut at Credit Suisse. Shares of FWLT now seen reaching $31, according to Credit Suisse. Estimates also reduced, given the company's new guidance. Outperform rating.
Kraft (KFT) estimates reduced at Credit Suisse through 2013, Credit Suisse said. Company is leveraged to Southern Europe and is facing currency concerns. Outperform rating and $45 price target.
Manpower (MAN) estimates, target cut at Morgan Stanley. MAN estimates were reduced through 2013, Morgan Stanley said. Expect slower growth in Europe. Equal-weight rating and new $36 price target.Valero Energy (VLO) numbers upped at Morgan Stanley through 2014, Morgan Stanley said. Retail spinoff should boost shareholder value. Equal-weight rating and new $32 price target. Wal-Mart (WMT) target raised at BofA/Merrill to $85, according to Bank of America/Merrill Lynch. Company has limited exposure to Europe and deserves a higher multiple. Buy rating.
STRATEGY CALLS / MARKET CALLSAirline Sector downgraded at Dahlman from Optimistic to Cautious, Dahlman Rose said. Stocks are already pricing in the bottom for fuel costs. >To submit a news tip, email: firstname.lastname@example.org.
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