Change in Ratings
upgraded at Citigroup to buy from hold with a $485 price target. Risk/reward for the stock is now much more enticing and several of the company's problems are receding. Prospects lie in improved volume on the stock, and the potential tailwind of recovery in the financial sector.
downgraded at Morgan Stanley to equal-weight with a $16 price target. The stock could come under pressure this year as the potential is seen for disappointing domestic box office sales to drive upcoming results.
Stock Comments/EPS Changes
numbers raised at RBC. Price target lifts to $45 from $43 and 2008 EPS estimates upped to $1.95 from $1.89. Reiterates outperform rating.
Adobe Systems numbers raised at Jefferies. Price target raised to $44 from $43. 2008 EPS estimates raised to $1.95 from $1.87. Maintains hold rating.
Adobe Systems numbers raised at UBS. 2008 EPS estimates raised to $1.65 from $1.62. Price target raised to $48 from $45. Maintains neutral rating.
numbers reduced at Morgan Stanley. CQB's 2008 EPS estimates are reduced to $1.88 from $2.30 as well as a reduction in the target price to $20 from $26 as cost pressures have been increasing at too fast a pace for the company to handle during the current year.
estimates lowered at Morgan Stanley. DRI's fourth-quarter EPS estimate has been lowered to 74cents from 76 cents and 2009 to $2.92 from $3.02 due to an increasingly challenging operating environment.
numbers raised at Jefferies. Price target raised to $105 from $100. Fiscal 2008 EPS estimates maintained at $7.56 and fiscal 2009 EPS estimates raised to $12.00 from $11.28. Maintains buy rating.
estimates lowered at Jefferies. 2008 EPS estimates lowered to 16 cents from 30 cents. Maintains buy rating and $16.50 price target.
price target raised at UBS to $49 from $46. Introduces a short-term rating of buy. Maintains neutral long-term rating. Maintains 2008 EPS estimates of $2.80.
This article was written by a staff member of TheStreet.com Ratings.