Yahoo!: Analysts' Upgrades, Downgrades
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Airgas
(ARG)
downgraded at Jefferies from Buy to Hold. $60 price target. Valuation call, even though the company remains on track for above-average growth and free cash flow.
Bed, Bath & Beyond
(BBBY) - Get Report
downgraded at FBR from Market Perform to Underperform. $38 price target. Company is facing difficult comps and growth should decelerate.
Dr. Pepper Snapple
(DPS)
upgraded at UBS from Neutral to Buy. $42 price target. Estimates also boosted, as fundamentals remain strong and the company will be buying back stock.
Dr. Pepper Snapple
(DPS)
price target boosted at Barclays. DPS shares now seen reaching $38, up from $33. 2011 EPS estimates introduced at $2.70. Maintain Overweight rating.
Unum Group
(UNM) - Get Report
rated new Buy at Goldman Sachs. Company is positioned for growth along with wages and payrolls. Management could also announce a buyback program soon.
Walter Investment Management
(WAC)
downgraded at Credit Suisse to Neutral from Outperform on valuation. 2010 and 2011 EPS estimates set at $1.60 and $1.90, respectively. Price target held at $15.
Yahoo!
(YHOO)
downgraded at Benchmark from Buy to Hold. $18 price target. Stock could prove to be a value trap, as the company could lose market share.
STOCK COMMENTS / EPS CHANGES
American Eagle
(AEO) - Get Report
numbers increased at FBR. AEO estimates were raised through 2011. Company will close its unprofitable M&O stores. Outperform rating and new $24 price target.
Boeing
(BA) - Get Report
price target raised at BofA/Merrill. BA price target jumped to $77 from $65 as the stock usually outperforms going into summer Air Shows. Maintain Buy rating.
Comerica
(CMA) - Get Report
price target higher at BofA/Merrill. CMA price target increased by $2 to $42. Outshining on credit and capital. Maintain Buy rating.
Fluor
(FLR) - Get Report
estimate changed at Barclays. FLR 2011 EPS estimates introduced at $3.25, 2010 maintained at $2.90. Could see a rebound in 2011 as oil & gas markets rebound. Reiterate Overweight rating and $59 price target.
Fortune Brands
(FO)
estimates cut at Goldman. FO estimates were lowered through 2012. Cobra golf sale will dilute earnings. Buy rating and $50 price target.
Gymboree
(GYMB)
estimates, target increased at FBR. Shares of GYMB now seen reaching $54. Estimates also boosted, to match the company's new guidance. Outperform rating.
Hershey
(HSY) - Get Report
cut from Conviction Sell list at Goldman Sachs. $36 price target. Cost-cutting efforts should offset higher commodity prices.
Incyte
(INCY) - Get Report
price target increased at BofA/Merrill to $17 from $12 as analysts believes there's more room to go. Three key data reports in 2010 will drive shares higher. Maintain Buy rating.
Intermune
(ITMN)
target raised, estimates cut at UBS. Shares of ITMN now seen reaching $44. Estimates were lowered, because of higher anticipated launch costs. Neutral rating.
Jarden
(JAH)
price target raised at Barclays. JAH price target increased to $37 from $34 after the company hosted their annual investor day. 2010 and 2011 EPS estimates set at $2.68 and $3.16, respectively. Maintain Overweight rating.
Kroger
(KR) - Get Report
target, estimates changed at BofA/Merrill. KR price target lifted by a dollar to $23. Gaining market share at a cost in a challenging market. 2010 estimate raised, 2011 & 2012 cut. Maintain Neutral rating.
Kansas City Southern
(KSU) - Get Report
price target raised at BofA/Merrill to $45 from $41 as the company pre-announced robust fundamentals. Estimates raised through 2011. Maintain Buy rating.
Novellus Systems
(NVLS)
estimates raised at Barclays. NVLS 2010 EPS estimate lifted to $1.75, 2011 introduced at $2.25. Business trends grinding higher into 2Q and 2H10. Maintain Equal Weight rating and $28 price target.
Semtech
(SMTC) - Get Report
estimates, target upped at Goldman. Shares of SMTC now seen reaching $18. Estimates also increased, because of organic sales growth. Neutral rating.
Sunoco
(SUN) - Get Report
cut from Conviction Sell list at Goldman. Refiners should benefit from better U.S. demand.
Veeco Instruments
(VECO) - Get Report
price target boosted at Citi to $52 from $44 as LED supply chain remains very tight. 2010 and 2011 EPS estimates raised to $2.86 and $2.38, respectively. Maintain Buy rating.
This article was written by a staff member of TheStreet.com.