Agco: Analysts' Upgrades, Downgrades
Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (
) --
CHANGE IN RATINGS
Agco
(AGCO) - Get Free Report
upgraded at UBS from Sell to Neutral. Estimates also raised, given higher expected demand for North American agriculture equipment.
Continental Resources
(CLR) - Get Free Report
upgraded at Jefferies from Hold to Buy. $62 price target. Company is seeing better exploration growth.
DuPont
(DD) - Get Free Report
upgraded at Goldman to Buy. $56 price target. Estimates also boosted, because of higher expected emerging markets growth.
Deere
(DE) - Get Free Report
upgraded at UBS from Neutral to Buy. Expect higher farm equipment sales in 2011.
Deckers Outdoor
(DECK) - Get Free Report
rated new Buy at Jefferies. $75 price target. Company should continue to grow the UGG franchise, especially overseas.
DTE Energy
(DTE) - Get Free Report
upgraded at Barclays to Overweight from Equal Weight Strong dividend and a newly premium regulatory environment. Price target trimmed to $50 from $52. Maintain Overweight rating.
EMC
(EMC)
rated new Buy at Wunderlich Securities. $28 price target. Company can generate double-digit sales and earnings growth over the next 3-5 years.
Eastman Chemical
(EMN) - Get Free Report
downgraded at Goldman from Buy to Neutral, Goldman Sachs said. Valuation call, based on a $90 price target.
Manitowoc
(MTW) - Get Free Report
rated new Neutral at Goldman Sachs. $12 price target. Company likely to see weaker crane rental rates in the U.S. and Europe.
Nu Skin Enterprises
(NUS) - Get Free Report
upgraded at BofA/Merrill to Buy from Underperform. Stocked pipeline, clear margin drivers and improved visibility keep strong momentum going into 2011, Bank of America/Merrill Lynch said. Price target raised to $36 from $34.
Regency
(REG) - Get Free Report
upgraded at BofA/Merrill to Buy from Neutral. Stepped away from meeting with management with positive outlook, Bank of America/Merrill Lynch said. Price target raised to $45.
RRI Energy
(RRI)
downgraded at Citigroup from Buy to Hold. $4.50 price target. Company faces negative pending legislation in New Jersey.
Thoratec
(THOR) - Get Free Report
upgraded at Barclays to Overweight from Equal Weight. Valuation call, this week's pullback makes an attractive entry point, Barclays said. Maintain $29 price target.
VMWare
(VMW) - Get Free Report
rated new Hold at Wunderlich Securities. $80 price target. Valuation call, as growth could decelerate in 2011.
Whole Foods
( WFMI) downgraded at UBS from Buy to Neutral. Valuation call, based on a $48 price target.
Wolvering World Wide
(WWW) - Get Free Report
rated new Hold at Jefferies. $29 price target. Valuation call, as the company could be hit by rising input costs.
This article was written by a staff member of TheStreet.
