Analysts' Upgrades, Downgrades: Bemis

See who made what calls.
By TheStreet Ratings Staff ,

Change in Ratings

Bemis

(BMS) - Get Report

downgraded at Merrill from neutral to sell. Estimates also cut, to reflect higher energy costs and sluggish demand.

ConocoPhillips

(COP) - Get Report

upgraded at Credit Suisse from neutral to outperform. Big oil names should begin to perform better, relative to the E&P stocks.

Exelon

(EXC) - Get Report

upgraded at Deutsche from hold to buy with a $102 price target. Company is seeing higher demand for nuclear power, as a result of rising coal prices.

Progressive

(PGR) - Get Report

upgraded at Wachovia from underperform to market perform. Company has exceeded expectations for two straight months, and should see strong pricing into the investor meeting in June.

Sealed Air

(SEE) - Get Report

downgraded at Merrill from neutral to sell. Estimates also cut, because higher energy costs will offset lower polyethylene prices.

Stock Comments/EPS Changes

Campbell's Soup

(CPB) - Get Report

estimates cut at Goldman by 9 cents to $1.98 (ex-Godiva), following third-quarter earnings miss. See higher commodity costs in 2009 and see continued challenges in U.S. soup sales. Maintained neutral rating.

McDonald's

(MCD) - Get Report

target raised at Deutsche. Shares of MCD now seen reaching $67. Specialty coffee should help drive profit growth. Buy rating.

This article was written by a staff member of TheStreet.com Ratings.

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