
Airgas: Analysts' Upgrades, Downgrades
Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (
) --
CHANGE IN RATINGS
Airgas
(ARG)
was upgraded at Robert Baird from Neutral to Outperform. $74 price target. Stock should outperform over the next year, even if the APD hostile bid is not successful, Baird said.
Centerpoint Energy
(CNP) - Get Report
was initiated with an Outperform rating at Oppenheimer. $18 price target. Company can deliver above-average growth.
Capital One
(COF) - Get Report
was upgraded at FBR from Market Perform to Outperform. $53 price target. Near-term consensus estimates appear too low.
Cabot Oil & Gas
(COG) - Get Report
was downgraded at UBS from Buy to Neutral. $38 price target. Company will be hurt by lower natural gas prices.
Calpine
(CPN)
was initiated with an Outperform rating at Oppenheimer. $16 price target. Company should benefit from improving demand in its four core markets, Oppenheimer said.
CIT Group
(CIT) - Get Report
was initiated at Credit Suisse with a Neutral rating and $45 price target. CIT is a middle-market commercial lender operating in four primary business: corporate finance, trade finance, transportation, and vendor finance. Expect high-single digit returns over the next several years.
Donaldson
(DCI) - Get Report
was downgraded at William Blair to Market Perform. Valuation call, as the stock is already trading at 19 times expected 2012 earnings, William Blair said.
Davita
(DVA) - Get Report
was initiated with a Buy rating at Goldman Sachs. $90 price target. Company is an attractive secular growth story and can further expand its margins, Goldman Sachs said.
DryShips
(DRYS) - Get Report
was upgraded at Credit Suisse to Outperform from Neutral. The deepwater rig market has turned a corner, Credit Suisse said. Price target raised to $9 from $5.
Equifax
(EFX) - Get Report
was initiated at Barclays with an Equal Weight rating and $40 price target. Strong free cash flow and globally recognized brand with high barriers to entry, Barclays said.
Fair Isaac
(FICO) - Get Report
was initiated at Barclays with an Equal Weight rating and $26 price target. Strong free cash flow, and globally recognized brand with high barriers to entry, Barclays said.
Lululemon
(LULU) - Get Report
was downgraded at Jefferies from Hold to Underperform. Valuation call, based on a $65 price target.
Nordic American
(NAT) - Get Report
was initiated with a Buy rating at Goldman Sachs. $29 price target. Company is likely to grow its dividend over time.
National Cinemedia
(NCMI) - Get Report
was initiated with an Equal-weight rating at Morgan Stanley. $21 price target. Stock is already pricing in potential advertising growth.
Oceaneering International
(OII) - Get Report
was downgraded at Wells Fargo to Market Perform. Valuation call.
Overseas Shipholding
(OSG) - Get Report
was initiated with a Sell rating at Goldman Sachs.$29 price target. Company has a high cost structure and could be hurt by lower VLCC rates.
Procter & Gamble
(PG) - Get Report
was upgraded to Buy at Goldman Sachs. $75 price target. Company can return to double-digit earnings growth in 2011.
Sealed Air
(SEE) - Get Report
was initiated with a Hold rating at Keybanc. Higher resin prices could cut into profits, Keybanc said.
Sara Lee
( SLE) was initiated with a Hold rating at Keybanc. Stock is already pricing in the potential for higher sales and earnings growth, Keybanc said.
Sempra Energy
(SRE) - Get Report
was initiated with a Perform rating at Oppenheimer. $56 price target. Upside could be limited, given the company's natural gas businesses, Oppenheimer said.
Torchmark
(TMK)
was downgraded to Neutral from Buy on valuation by Bank of America/Merrill Lynch. Maintain $69 price target.
Ultra Petroleum
(UPL)
was downgraded at UBS from Buy to Neutral. $51 price target. Estimates also cut, because of lower natural gas prices.
This article was written by a staff member of TheStreet.









