Change in Ratings
Albemarle(ALB Quote) upgraded at Goldman Sachs to buy from neutral based on valuation, as well as defensive trends in catalysts and margin improvements in fine chemicals segment. See opportunity for improved strategic visibility at May 13 investor day. Price target at $50.
Caterpillar(CAT Quote) downgraded at Credit Suisse to neutral from outperform based on less attractive risk/reward profile. First-quarter results showed continued strength in earnings and sales, as well as record demand from emerging markets. Note more cautious view on U.S. and Western Europe, and doubts regarding positive impact of CPS on operating performance. Price target raised to $84 from $80.
Caterpillar downgraded at Wachovia to market perform. Valuation call, as margins in the machine business will struggle to move higher. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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