CHANGE IN RATINGS
American Railcar (ARII Quote) upgraded at UBS to Neutral from Sell based on valuation. Shares declined 69% since mid-March, and are now below the value of the company's estimated property, plant and equipment assets (around $9). Note ongoing headwinds including weak railcar demand. Price target at $7.
Blackboard (BBBB Quote) rated new Neutral at Credit Suisse. Cites solid foundation with cross-selling opportunities but sees near-term growth challenges. Sets $27 target price.
Cooper Industries (CBE Quote) downgraded at UBS to Neutral from Buy after company announced that Q4 earnings will fall short of previous guidance. Believes near-term visibility will remain an issue until company provides 2009 outlook. Expect shares to trade at lower multiple, around 12 times 2009 earnings. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
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