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Tuesday's Analysts' Upgrades and Downgrades
CHANGE IN RATINGS
Adobe Systems (ADBE Quote) rated new Outperform at Credit Suisse: Credit Suisse is initiating coverage on ADBE with an Outperform rating. Believes stock is one of the best positioned large-cap software companies. Sets $47 target price.American Electric (AEP Quote) upgraded at Deutsche: AEP was upgraded from Hold to Buy at Deutsche Bank. $50 price target. Stock trades at an 11% discount to its peers, and the company's recent investments should pay off for investors.
CA (CA Quote) initiated at Jefferies: CA initiated at Jefferies with Hold rating. Price target starts at $27 with 2007 EPS estimates at $0.95.
Edwards Lifesciences (EW Quote) downgraded at Piper: EW was downgraded from Outperform to Market Perform at Piper Jaffray. $52 price target. Fourth quarter earnings were driver by a lower tax rate, and valve sales should remain weak in the first half of the year. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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