Altera: Analysts' Upgrades, Downgrades
Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (
) --
CHANGE IN RATINGS
Altera
(ALTR) - Get Report
downgraded at Ticonderoga from Buy to Neutral. Stock is already pricing in recent market share gains.
CommVault
(CVLT) - Get Report
downgraded at JPM to Market Perform from Market Outperform. Valuation call, JPM Securities said. Maintain $25 price target.
Discovery Communications
(DISCA) - Get Report
downgraded at Barrington from Outperform to Market Perform. Valuation call.
Fresh Del Monte
(FDP) - Get Report
downgraded at Jefferies from Buy to Hold. $23 price target. Banana market has deteriorated.
Nordson
(NDSN) - Get Report
downgraded at BMO to Market Perform from Outperform. Tougher comps coming, BMO Capital Markets said. Maintain $85 price target.
Marathon Oil
(MRO) - Get Report
estimates changed at Barclays. MRO 2010 EPS estimate increased to $3.40, 2011 trimmed to $3.90. Disappointing Droshky performance, Barclays said. Maintain Equal Weigh rating and $36 price target.
Marathon Oil
(MRO) - Get Report
numbers cut at Goldman. MRO estimates were reduced through 2015, Goldman Sachs said. Company seeing lower production in the Gulf of Mexico. Neutral rating and new $35 price target.
Marathon Oil
(MRO) - Get Report
downgraded at Deutsche from Buy to Hold, Deutsche Bank said. $36 price target. The company's Droshky project is not meeting expectations.
M&T Bank
(MTB) - Get Report
upgraded at RBC from Sector Perform to Outperform, RBC Capital said. $86 price target. WL acquisition should help the company grow.
Newmont Mining
(NEM) - Get Report
downgraded at RBC from Sector Perform to Underperform, RBC Capital said. $63 price target. Company lacks near-term catalysts.
Rowan
(RDC)
downgraded at Dahlman Rose from Buy to Hold, Dahlman Rose said. Valuation call.
Research in Motion
( RIMM) rated new Market Perform at Wells Coverage of RIMM was started with a Market Perform rating, Wells Fargo said. Stock is already pricing in bad news, but lacks near-term catalysts.
Watts Water
(WTS) - Get Report
downgraded at Brean Murray from Buy to Hold, Brean Murray said. Company faces difficult comparisons in the coming quarters.
Wynn Resorts
(WYNN) - Get Report
downgraded at Stern Agee to Neutral from Buy. Concerned that the Macau market overall moves more toward Cotai. Price target set at $109.
Wynn Resorts
(WYNN) - Get Report
numbers raised at Citigroup. Shares of WYNN now seen reaching $90. Estimates also increased, given better expected growth in Macau. Sell rating.
Wynn Resorts
(WYNN) - Get Report
target, estimates boosted at Barclays. WYNN price target raised to $90 from $84. Strong third-quarter results highlighted by Macau operations, Barclays said. 2010 and 2011 EPS estimates lifted to $1.59 and $2.39, respectively. Maintain Neutral rating.
Xilinx
(XLNX) - Get Report
upgraded at Ticonderoga from Neutral to Buy, Ticonderoga Securities said. $34 price target. Company is losing market share, but the risk/reward is attractive at current levels.
This article was written by a staff member of TheStreet.
