CHANGE IN RATINGS
Anadarko (APC Quote) upgraded at Merrill/BofA from Neutral to Buy. $57 price target. Stock has digested the recent equity offering, and the company will benefit from higher oil prices.BJ's Wholesale Club (BJ Quote) downgraded at Goldman to sell from neutral and price target reduced to $33 from $39. Goldman expects BJ to be a relative underperformer within coverage given 1) slowing core SSS against challenging comparisons, 2) decelerating EPS growth and 3) a 2H2009 shift in earnings momentum towards discretionary retailers, likely leaving defensive names like BJ as a source of funds. Downgrade attributed to sector-relative idea with no structural issues.
CenturyLink (CTL Quote) upgraded at UBS. Rating raised to Buy from Neutral. Price target raised to $35 from $28. 2009 EPS estimates lowered to $3.16 from $3.20.
Dick's Sporting Goods (DKS Quote) upgraded at Goldman from Neutral to Buy. $20 price target. Stock has sold off with its peers, but remains a premium player in retail. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.68 | 1,109.24 | 2,185.03 | 33.23 |
Oil *
77.73
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DOWN
18.90
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UP
0.38
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UP
9.22
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UP
0.48
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10 Yr
3.32%
SPDR Gold
119.18
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-0.18%
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+0.03%
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+0.42%
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+1.47%
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