Netflix: Analysts' Upgrades, Downgrades
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Akamai
(AKAM) - Get Report
upgraded at Merriman from Neutral to Buy. Company has likely reversed market share losses.
Ann Taylor
(ANN)
downgraded at Jesup & Lamont from Buy to Hold. Valuation call, as the stock is up 42% over the past month.
Blackstone
(BX) - Get Report
upgraded at Oppenheimer from Perform to Outperform. $20.50 price target. Company has strong operating and earnings momentum.
Charles River Laboratories
(CRL) - Get Report
upgraded at Morgan Stanley from Underweight to Equal-weight. $44 price target. Expect positive data points around demand for pre-clinical toxicology studies.
Eaton
(ETN) - Get Report
upgraded at BofA/Merrill to Buy from Neutral on industrial production recovery, upbeat margin outlook, and compelling valuation. Price target surged to $90 from $58. 2010 EPS estimate raised to $4.17 , 2011 set at $6.
J.B. Hunt
(JBHT) - Get Report
downgraded at BofA/Merrill to Neutral from Buy driven by price and margin declines, and valuation. 2010 EPS estimate lowered by 5 cents to $1.40. $36 price target.
Netflix
(NFLX) - Get Report
downgraded at BofA/Merrill to Underperform from Buy on valuation. NFLX's 26% rise YTD is pricing in an overly optimistic scenario. $70 price target.
Netflix
(NFLX) - Get Report
downgraded at Kaufman from Buy to Hold. Valuation call, based on a $69 price target.
Netflix
(NFLX) - Get Report
downgraded at Susquehanna to Neutral. Valuation call, as the stock is up more than 30% since late December.
Pepsi
(PEP) - Get Report
coverage was reinstated with a Buy rating at Goldman Sachs. $75 price target. Estimates also raised, as the bottling deal should be accretive to earnings.
Parker Hannifin
(PH) - Get Report
upgraded at Goldman from Sell to Neutral. Estimates also boosted, given higher demand in the hydraulics market. $71 price target.
Staples
(SPLS)
downgraded at Goldman from Buy to Neutral. Stock also cut from the Conviction List, as new investments will weigh on earnings. $26 price target.
Spirit Aerosystems
(SPR) - Get Report
upgraded at FBR from Market Perform to Outperform. $24 price target. Company is positioned well to benefit from improving industry fundamentals.
Symetra Financial
(SYA)
initiated at BofA/Merrill with a Neutral rating and $14 price target. Earnings growth is dependent on margin improvement.
Symetra Financial
(SYA)
initiated at Barclays with an Equal Weight rating and $13 price target. 2010 and 2011 EPs estimates set at $1.51 and $1.73, respectively.
Sykes Enterprises
(SYKE) - Get Report
reinstated at Credit Suisse with a Neutral rating and $23 price target. 2010 and 2011 EPS estimates set at $1.45 and $1.75, respectively.
STOCK COMMENTS / EPS CHANGES
Anadarko
(APC) - Get Report
target, estimate boosted at Barclays. APC price target increased by a dollar to $82 after the company raised volume growth forecasts at its analyst day. 2010 EPS estimate lifted to $1.30, 2011 introduced at $2.15. Overweight rating.
Autozone
(AZO) - Get Report
estimates, target increased at Goldman. AZO estimates were boosted through 2012. Company is realizing better gross margins. Neutral rating and new $169 price target.
Cheesecake Factory
(CAKE) - Get Report
numbers raised at Goldman. Shares of CAKE now seen reaching $28.50. Estimates also boosted, as the company has several areas to improve sales and margins. Buy rating.
Chico's FAS
(CHS) - Get Report
estimates boosted at FBR through 2011. Company talked about continued fundamental improvement at its analyst day. Outperform rating and $18 price target.
Cummins
(CMI) - Get Report
estimates, target boosted at Goldman. Shares of CMI now seen reaching $68. Estimates also raised, because of higher components margins. Buy rating.
Cymer
(CYMI)
target, estimates raised at Credit Suisse. CYMI price target jumped to $45 from $40 as the company is a clear leader in EUV source lasers. Reiterate Outperform rating. 2010 EPS estimate raised to $2.75 from $2.63.
Dana
(DAN) - Get Report
added to Conviction Buy List at Goldman. Company has attractive exposure to commercial trucks. $16 price target.
Domino's Pizza
(DPZ) - Get Report
price target boosted at BofA/Merrill to $15 from $13 to reflect higher earnings and diminishing balance sheet concerns. 2010 and 2011 EPS estimates lifted to $1.12 and $1.22, respectively. Maintain Neutral rating.
DTE Energy
(DTE) - Get Report
numbers raised at Morgan Stanley. Shares of DTE now seen reaching $46.50. Estimates were also boosted, given improving fundamentals. Equal-weight rating.
MasterCard
(MA) - Get Report
estimate changed at Barclays. MA 2011 EPS estimates introduced at $16.50, maintain 2010 at $13.60. Reiterate Overweight rating and $272 price target.
McDermott
(MDR) - Get Report
estimates cut at UBS. MDR estimates were reduced through 2011. Company is seeing lower bookings and higher interest expense. Buy rating and $30 price target.
Qualcomm
(QCOM) - Get Report
estimates upped at UBS through 2011. Company is seeing sales at the high end of expectations. Buyback should also help earnings. Buy rating and $49 price target.
Staples
(SPLS)
estimates lowered at FBR through 2011. Company is guiding toward lower margins. Underperform rating and $21 price target.
Staples
(SPLS)
estimates changed at Credit Suisse. SPLS 2011 EPS lowered to $1.35, 2012 introduced at $1.68. Maintain Outperform rating and $29 price target.
Trustmark
(TRMK) - Get Report
estimates boosted at UBS through 2011. Company is better positioned than its peers to play offense. Neutral rating and new $23 price target.
This article was written by a staff member of TheStreet.com.