J. Crew: Analysts' Upgrades, Downgrades
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Comerica
(CMA) - Get Report
downgraded at Soleil from Buy to Hold. $37 price target. Equity offering will dilute earnings.
Chevron
(CVX) - Get Report
downgraded at BofA/Merrill to Neutral from Buy as near term production looks flat. Price target cut by $5 to $90.
Edison International
(EIX) - Get Report
upgraded at Jefferies from Hold to Buy. $37.50 price target. Valuation call, as the stock is not yet pricing in a potential EME bankruptcy.
Global Payments
( JCG) upgraded at Susquehanna to Positive. $53 price target. Credit appears to be recovering and the new G2 platform should enhance margins.
Intermune
( JCG) upgraded at ThinkEquity from Hold to Buy. Positive FDA advisory committee meeting sets up for U.S. commercial launch in the second half of the year.
J. Crew Group
( JCG) downgraded at Citi to Hold from Buy on valuation. 2011 and 2012 EPS estimates increased to $2.30 and $2.70, respectively. Price target raised by a dollar to $50.
Collective Brands
(PSS)
downgraded at Soleil from Buy to Hold. $26 price target. Management has little forward visibility about future growth.
STOCK COMMENTS / EPS CHANGES
A123 Systems
( AONE) estimates down at Barclays.AONE 2010 and 2011 EPS estimate sunk to -$1.02 and -$0.46, respectively, on mixed Q4 results. 2010 will likely be a transition year. Maintain $18 price target and Equal Weight rating.
Bucyrus
( BUCY) added to Conviction Buy List at Goldman. $80 price target. Company should benefit from a bullish mining capex cycle and realize synergies from the Terex purchase.
Dick's Sporting Goods
(DKS) - Get Report
target raised at Goldman to $29. Company is on track to deliver continued organic growth. Buy rating.
Dow Chemical
(DOW) - Get Report
estimates reduced at Morgan Stanley. DOW estimates were cut through 2012. Company will be affected by higher propylene prices and the Styron divestiture. Overweight rating and $43 price target.
Evercore
(EVR) - Get Report
added to Conviction Buy List at Goldman. $40 price target. Company offers attractive exposure to M&A trends.
Foot Locker
(FL) - Get Report
price target boosted at Barclays. FL price target jumped to $15 from $12 after positive annual investor meeting. Reiterate Equal Weight rating. 2010 and 2011 EPS estimates set at 75 cents and 85 cents, respectively.
Goodrich
( GR) added to Conviction Buy List at Goldman. Estimates also raised, because of higher A320 prices. $85 price target.
Starwood Hotels
(HOT)
price target boosted at BofA/Merrill. HOT price target lifted to $46 from $40 on belief on Starwood's real estate could be up to 25% undervalued. Maintain Buy rating.
Humana
(HUM) - Get Report
estimate changed at Barclays. HUM 2011 EPS estimate introduced at $5.50, 2010 maintained at $5.30. Reiterate Equal Weight rating and $53 price target.
J. Crew
( JCG) target, estimate boosted at Credit Suisse. JCG price target surged to $53 from $45 after strong 4Q09 results. 2010 EPS estimate improved to $2.44 from $2.06, 2012 introduced at $2.90. Maintain Outperform rating.
J. Crew
( JCG) estimates, target boosted at FBR. JCG estimates were raised through 2011. Company is seeing higher margins and increased guidance. Outperform rating and new $51 price target.
Kroger
(KR) - Get Report
estimates lowered at Morgan Stanley. KR estimates were reduced through 2011. Company is seeing a lower gross margin. Equal-weight rating.
Lazard
(LAZ) - Get Report
cut from Conviction Buy List at Goldman. Potential secondary offering could hang over the stock.
Ruby Tuesday
(RT)
price target increased at BofA/Merrill by a dollar to $8 on better than expected 3Q sales. Estimates improved through 2012. Maintain Underperform rating.
Steel Dynamics
(STLD) - Get Report
estimates lowered at UBS. STLD estimates were cut through 2011. Company reduced guidance, because of higher scrap costs. Buy rating and $23 price target.
Textron
(TXT) - Get Report
removed from Conviction Buy List at Goldman. TXT was cut from the Conviction Buy List. Stock is up 15% year-to-date and the company lacks near-term catalysts.
Vale
(VALE) - Get Report
estimates, target increased at Goldman. Shares of VALE now seen reaching $44. Estimates also boosted, because of higher iron ore prices. Buy rating.
Yum! Brands
(YUM) - Get Report
target, estimate higher at Credit Suisse. YUM price target increased to $44 from $41 on stronger domestic profits. 2011 EPS estimate raised to $2.76, 2010 held at $2.40. Maintain Outperform rating.
This article was written by a staff member of TheStreet.com.