Apple: Analysts' Upgrades, Downgrades

Apple target, estimates boosted at Bank of America/Merrill Lynch.
By TSC Staff ,

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Ashland

(ASH) - Get Report

downgraded at Susquehanna from Positive to Neutral. Valuation call.

Constellation Energy

( CEG) upgraded at Jefferies from Hold to Buy. $41 price target. Merchant generators are starting to look more attractive, in the current environment.

CF Industries

(CF) - Get Report

coverage initiated at Thomas Weisel with a Market Weight rating and $110 price target. Demand for ammonia on an upswing. 2010 and 2011 EPS estimates set at $6.43 and $7.41, respectively.

Capital One Financial

(COF) - Get Report

downgraded at Goldman from Buy to Neutral. More cautious about consumer credit in the near ter. $45 price target.

Calpine

(CPN)

upgraded at Jefferies from Hold to Buy. $14.50 price target. Company is more leveraged to gas price changes.

Coldwater Creek

(CWTR)

upgraded at Barclays to Overweight from Equal Weight on strong 2010 guidance. Price target doubled to $10 from $5. 2010 EPS estimate lifted to 8 cents from -$0.20.

Dish Network

(DISH) - Get Report

upgraded at Collins Stewart upgraded from Hold to Buy. $30 price target. Stock is already pricing in the downside from the TIVO lawsuit.

Consolidated Edison

(ED) - Get Report

downgraded at Jefferies from Buy to Hold. $45 price target. Stock could underperform less regulated peers in an economic recovery.

Public Service Enterprise

(PEG) - Get Report

upgraded at Jefferies from Hold to Buy. $35 price target. Merchant generators should benefit from lower commodity prices.

Progress Software

(PRGS) - Get Report

upgraded at Needham from Hold to Buy. $35 price target. Company held an upbeat analyst meeting and the new management team could deliver accelerating growth.

Southern Company

(SO) - Get Report

downgraded at Jefferies from Buy to Hold. $33.50 price target. See less upside potential for regulated utilities in the current environment.

Wendy's/Arby's

(WEN) - Get Report

downgraded at Goldman from Buy to Neutral. $5 price target. See muted earnings growth in 2010.

STOCK COMMENTS / EPS CHANGES

Apple

(AAPL) - Get Report

target, estimates boosted at BofA/Merrill. AAPL price target improved to $260 from $250 on higher revenues and gross margin. 2011 and 2012 EPS estimates raised to $13.65 and $14.85, respectively. Maintain Buy rating.

Abercrombie & Fitch

(ANF) - Get Report

estimates boosted at Credit Suisse. ANF 2011 and 2012 EPS estimate raised to $1.82 and $2.69, respectively. Although the brand has lost popularity in US, it is still alive internationally. Maintain Outperform rating and $49 price target.

Abercrombie & Fitch

(ANF) - Get Report

numbers boosted at Goldman. ANF estimates were increased through 2012. Domestic sales are recovering. Buy rating and new $50 price target.

ArcSight

(ARST)

estimate tweaked at Barclays. ARST 2010 EPS estimate trimmed by a penny to 55 cents, 2011 maintained at 72 cents. Maintain Equal Weight rating and $25 price target.

BJ's Wholesale

(BJ) - Get Report

estimates lowered at UBS through 2011. Company is spending more on its IT upgrade. Buy rating and $41 price target.

Bristol-Meyers Squibb

(BMY) - Get Report

target, estimate higher at BofA/Merrill. BMY price target lifted a dollar to $26 as the company set 2013 guidance above consensus, $1.95. Maintain Neutral rating.

Career Education

(CECO) - Get Report

numbers increased at RBC. Shares of CECO now seen reaching $35. Estimates also boosted, as the company is generating sales growth and cutting costs. Sector Perform rating.

Ciena

(CIEN) - Get Report

estimates changed at Credit Suisse. CIEN 2010 EPS estimate lowered to -$0.84, 2011 raised to $0.40, following 1Q10 results. Maintain Outperform rating and $19 target.

Cleco

(CNL)

estimates, target lowered at Goldman. Shares of CNL now seen reaching $25. Estimates also cut, because of lower expected capacity revenue. Sell rating.

Del Monte Foods

( DLM) target, estimates boosted at BofA/Merrill. DLM price target raised to $15 from $13 after strong 3Q10 results. Estimates improved through 2012. Maintain Neutral rating.

Diamond Offshore

(DO) - Get Report

numbers reduced at Citigroup. Shares of DO now seen reaching $99. Estimates also lowered, as the long-term contracts with PBR were at lower rates. Buy rating.

Edison International

(EIX) - Get Report

numbers upped at Morgan Stanley. Shares of EIX now seen reaching $37. Estimates also boosted, as fears about business in California have been overblown. Equal-weight rating.

Jazz Pharmaceuticals

(JAZZ) - Get Report

price target boosted at Barclays. JAZZ price target increased to $12 from $9. 2010 EPS estimate jumped to $1.00 from $0.37. Maintain Equal Weight rating.

Marvell Technology

(MRVL) - Get Report

numbers boosted at FBR. Shares of MRVL now seen reaching $27. Estimates also raised, given the company's new margin guidance. Outperform rating.

NRG Energy

(NRG) - Get Report

estimate changed at Barclays. NRG 2011 EPS estimate introduced at $0.7. NRG announced letter of intent to acquire a wind farm in Texas. Maintain Equal Weight rating and $24 price target.

Officemax

(OMX)

cut from Top Picks Live list at Citigroup. OMX was removed from the Top Picks Live list. Company lacks major potential catalysts, but still has attractive long-term potential. Buy rating and $19 price target.

Rockwell Automation

(ROK) - Get Report

target, estimates increased at BofA/Merrill. ROK shares now seen reaching $66.50, up from $60. Estimates raised through 2011. Maintain Buy rating.

Teekay

(TK) - Get Report

estimates higher at Credit Suisse. TK 2010 and 2011 EPS estimates raised to $0.97 and $1.69, respectively. Expecting volatility. Reiterate Outperform rating and $25 price target.

Urban Outfitters

(URBN) - Get Report

numbers boosted at FBR. URBN estimates were increased through 2011. Same-store sales are once again positive, and should remain that way with easy upcoming comparisons. Outperform rating and new $37 price target.

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

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