NEW YORK (TheStreet) -- CHANGE IN RATINGS
Tesla Loses Key Shareholder as Panasonic Sells Stake for $3.6B
Tesla loses electronics giant Panasonic, one of its key battery-making partners, as a key shareholder.
downgraded at Wells from Neutral to Underperform. Valuation call. Recent trading has been a mystery.
downgraded at Goldman from Neutral to Sell. Company is at risk to lose market share in auto insurance and the stock is up 104% since March.
upgraded at FBR to Outperform. Missy consumer should drive growth and the company has its inventory and costs under control. $19 price target.
target raised at Credit Suisse to $46. Company is positioned well for the second half of the year. Outperform rating.
downgraded at Oppenheimer from Outperform to Perform. $44 price target. Sentiment may be too high, as better fundamental trends may not come until the February quarter.
upgraded at Goldman from Neutral to Buy. $85 price target. Estimates are not pricing in new marketing support and gross margin should improve over the coming quarters.
downgraded at Goldman from Buy to Neutral. $66 price target. See limited upside, as high resin costs could limit the gross margin recovery.
upgraded at Wedbush Morgan from Underperform to Neutral. $35 price target. Recent acquisition should add to earnings.
downgraded at Barclays. Rating lowered to Underweight from Equal Weight. Price target raised to $9.00 from $8.50. Maintains 2009 EPS estimates of $0.42.
upgraded at Wedbush from Underperform to Neutral. $52 price target. Challenges are already factored into the stock.
( ERTS) downgraded at Merrill/BofA from Buy to Neutral. $19 price target. Strong first half will no longer offset second half weakness, based on recent NPD sales data.
upgraded at Merrill/BofA from Underperform to Buy. $45 price target. Estimates also raised to reflect improving trends in the auto GPS segment.
upgraded at Roth to Buy. $25 price target. Company should benefit from the upgrade cycle around Windows 7 and Snow Leopard.
upgraded at Roth to Buy. $22 price target. Company should benefit from the wireless and ethernet cycles, in addition to PC growth.
rated new Market Perform at Friedman, Billings Ramsey. $15 price target. Company is a market leader, but competition from SAP is on the horizon.
Plum Creek Timber
upgraded at Credit Suisse from Underperform to Neutral. $30 price target. Stock is no longer overvalued at current levels.
upgraded at Goldman to Buy. Company is most leveraged to potential rate increases in auto insurance.
upgraded at Weisel from Underweight to Market-weight.. Valuation call, based on a $4 price target.
upgraded at Barclays. Ratings raised to Overweight from Equal Weight. Price target raised to $7.50 from $6.50. Maintains 2009 EPS estimates of -$0.80.
( SII) downgraded at Goldman from Buy to Neutral. See less relative upside to earnings expectations. Company also trades at a 17% premium to its peers.
upgraded at Goldman from Neutral to Buy. $78 price target. Company should benefit from an eventual pickup in international spending.
rated new Overweight at Morgan Stanley. $53 price target. The company has a positive earnings trajectory and trades at a reasonable valuation.
STOCK COMMENTS / EPS CHANGES
target boosted at Merrill/BofA to $35. NPD data showed that the company gained market share in both sales channels. Neutral rating.
added to Top Picks list at Citigroup. Stock should react well to the upcoming Sept. 22 earnings report. Buy rating and $25 price target.
numbers raised at Morgan Stanley to $34. Estimates also boosted, as company dealer sales have held up better than competitive locations. Underweight rating.
numbers raised at Barclays. Price target raised to $36 from $35. Fiscal 2010 EPS estimates raised to $1.90 from $1.85. Maintains Overweight rating.
numbers boosted at Merrill/BofA. Target was raised to $48. Estimates also increased, as the company held a positive analyst meeting this week, suggesting better core medical device sales. Buy rating.
estimates cut, target raised at Merrill/BofA. Shares now seen reaching $53. On the other hand, estimates were lowered, because of lower yield targets. Buy rating.
numbers raised at Barclays. Price target raised to $33 from $32. 2009 EPS estimates raised to $3.20 from $3.08. Maintains Equal Weight rating.
estimates cut at Morgan Stanley through 2012. Lower Savella sales will weigh on earnings. Overweight rating and $31 price target.
numbers raised at Citigroup through 2011. Company should benefit from strong capital markets activity and an improving deal pipeline. Buy rating and new $215 price target.
estimates raised at Citigroup through 2010. Price points are moving higher in the second half. Buy rating and $48 price target.
numbers raised at Barclays. Price target raised to $17 from $15. 2009 EPS estimates raised to $0.90 from $0.85. Maintains Equal Weight rating.
numbers boosted at Credit Suisse. Shares now seen reaching $19. Estimates also raised, to reflect higher realized sales and margins. Neutral rating.
estimates reduced at Morgan Stanley through 2011. 2010 will be a difficult year for Roundup, but dips should be bought by investors. Overweight rating and $105 price target.
numbers raised at Goldman to $11. Estimates also boosted, to reflect higher expected sales. Sell rating.
target boosted at Merrill/BofA to $17. Company posted a strong quarter, but long-term sales growth may not be sustainable. Neutral rating.
estimates, target raised at Morgan Stanley. Shares of PRU now seen reaching $58. Estimates also boosted to reflect solid operating momentum, which could be further raised by an acquisition. Overweight rating.
numbers raised at Barclays. Price target raised to $44 from $38. 2009 EPS estimates raised to $2.45 from $2.40. Maintains Overweight rating.
numbers boosted at UBS to $43. Estimates also raised, because of execution issues at MO. Neutral rating.
numbers raised at UBS. Shares of RFMD now seen reaching $5.50. Estimates also boosted, to reflect better end-market demand. Neutral rating.
numbers raised at Barclays. Price target raised to $78 from $70. Fiscal 2010 EPS estimates raised to $3.75 from $3.60. Maintains Equal Weight rating.
target boosted at Citigroup to $22. Company is benefiting from a stronger flat-rolled and recycling business. Buy rating.
target boosted at Morgan Stanley to $53. Margins could exceed expectations, based on higher tubular and flat-rolled profits. Overweight rating.
This article was written by a staff member of TheStreet.com.