Change in Ratings
Chicago Bridge (CBI) was upgraded from Neutral to Outperform at Credit Suisse. $51 price target. Nuclear sale removes risk from the model.
Clear Channel Outdoor (CCO) - Get Clear Channel Outdoor Holdings Inc Report was upgraded from Underperform to Neutral at Wedbush. $9.50 price target. Checks suggest a better business environment and improvements in Europe.
Cummins CMI was downgraded from Outperform to Neutral at Robert Baird. $118 price target. Company is losing market share.
Northrop Grumman (NOC) - Get Northrop Grumman Corporation Report was upgraded from Hold to Buy at Drexel Hamilton. $211 price target. Company should benefit from higher defense spending and the recent air force bomber contract win.
Portland General (POR) - Get Portland General Electric Company Report was downgraded from Neutral to Underweight at JP Morgan. $36 price target. Company has a premium valuation, but is in the midst of a weak rate base cycle.
Stock Comments / EPS Changes