Friday's Analysts' Upgrades, Downgrades

See who made what calls.
By TheStreet Ratings Staff ,

Change in Ratings

Allegheny Technologies

(ATI) - Get Report

downgraded at Cowen to neutral. Consensus analyst estimates look too high, ahead of the upcoming quarterly report.

CSX

(CSX) - Get Report

downgraded at Merrill from buy to neutral. Valuation call, ahead of the June 25 proxy vote.

Dell

(DELL) - Get Report

downgraded at Goldman from buy to neutral. Also lowering its target on DELL to $23 from $25 based on slow progress of the company's turnaround. See limited near-term catalysts and believe macro environment will make the transformation more difficult.

Hercules Offshore

(HERO)

initiated at Goldman Sachs with a neutral rating. See long-term upside potential based on solid jackup market in Gulf of Mexico, but see near-term earnings coming in below Street expectations. Price target at $32.

Jackson Hewitt

(JTX)

upgraded at Goldman Sachs to buy from neutral based on attractive valuation. Forecasts remain weak, but note that market is already pricing in a bad tax season. Price target raised to $18 from $14.

NASDAQ OMX

I:IXIC

initiated at UBS with a neutral rating and $44 price target. Initiated 2008 EPS estimates of $1.92.

NYSE Euronext

(NYX)

initiated at UBS with a neutral rating and $72 price target. Initiated 2008 EPS estimates of $3.30.

Riverbed Tech

(RVBD)

downgraded at Deutsche from buy to hold with a $12 price target. Company warned of lower sales, driven by macro weakness. Estimates also cut.

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

Loading ...