Analysts' Upgrades, Downgrades: Best Buy - TheStreet

Change in Ratings

Advance Auto Parts

(AAP) - Get Report

upgraded at RBCto Top Pick rating from Outperform. Price target and FY09 eps estimates hold at $45 and $2.92, respectively.

Best Buy

(BBY) - Get Report

downgraded at RBCto Outperform rating from Top Pick . Price target cut to $50 from $54 while FY09 eps estimates hold at $3.32.

Blackrock

(BLK) - Get Report

upgraded at Deutsche Bankto Buy from Hold. Maintains 2008 EPS estimates of $8.80 and $230 price target.

Blackrock

(BLK) - Get Report

upgraded at Deutschefrom Hold to Buy. $230 price target. Company continues to attact above-average flows and AUM growth. Estimates also raised.

eBay downgraded

(EBAY) - Get Report

at Merrillto Neutral. New $30 price target. Gross merchandise volume is not turning around, as expected.

Gilead Sciences

(GILD) - Get Report

downgraded at Jefferiesto Hold from Buy. 2008 EPS estimates raised to $2.00 from $1.99. Maintains $56 price target.

International Game Technology

(IGT) - Get Report

downgraded at Citigroupto Hold from Buy. Lowers 2008 EPS estimates lowered to $1.23 from $1.34. Target price lowered to $25 from $45.

International Game Tech.

(IGT) - Get Report

downgraded at Oppenheimerfrom Outperform to Perform. New products are not enough to combat the negative market dynamics that are specific to IGT. $27 price target.

International Game Technology

(IGT) - Get Report

target cut at Goldmanto $30 from $32 due to weak macroeconomic outlook. See prolonged period of low replacement units and lower levels of participation revenue. Maintained Buy rating on potential for accelerated slot replacement cycle driven by central server technology.

Omnicom

(OMC) - Get Report

downgraded at Citigroupto Hold. $47 price target. Cautious on fourth quarter and 2009 outlook, as the ad industry may not recover until 2010.

PNC Financial

(PNC) - Get Report

(PNC) - Get Report

upgraded at Deutschefrom Sell to Hold. $60 price target. Management guided revenue higher, though several key issues remain.

Valueclick

(VCLK)

(VCLK)

downgraded at Citigroupto Hold from Buy. Lowers target price to $15 from $30. Lowers 2008 EPS estimates to $0.70 from $0.82.

YUM Brands

(YUM) - Get Report

(YUM) - Get Report

upgraded at Wachoviato Outperform. Stocks looks oversold on the recent pullback. Sales have been above trend, despite commodities headwinds.

Stock Comments / EPS Changes

Advanced Micro Devices

(AMD) - Get Report

numbers lowered at UBSto -$1.76 from -$1.19. Price target lowered to $5.75 from $7.25. Maintains Neutral rating.

Advanced Micro Devices

(AMD) - Get Report

target cut at Goldmanto $3.50 from $5, following Q2 earnings that missed consensus estimates. Company announced departure of CEO Hector Ruiz. Note higher gross margin, lower operating expenses, and lower taxes. Maintained Sell rating.

Alpha Natural

(ANR)

price target raised at UBSto $103 from $93. Maintains 2008 EPS estimates of $2.03 and Neutral rating.

Amphenol

(APH) - Get Report

numbers raised at RBCto $57 from $50 and FY09 eps estimates lift to $2.70 from $2.60. Reiterates Outperform rating and Average Risk qualifier.

Bank of New York

(BK) - Get Report

numbers lowered at UBSto $2.40 from $2.82. Price target lowered to $39 from $46. Maintains Neutral rating.

Blackrock

(BLK) - Get Report

price target raised at Goldmanto $220 from $205 following Q2 results that included 5% growth in asset under management. Earnings results beat expectations due to performance fees and positive operating leverage. Maintained Buy rating.

Capital One Financial

(COF) - Get Report

numbers lowered at Jefferiesto $4.40 from $5.25. Price target lowered to $40 from $45. Maintains Hold rating.

Cytec

(CYT)

price target lowered at Jefferiesto $66 from $72. Maintains 2008 EPS estimates of $4.20. Lowers 2009 EPS estimates from $4.70 to $4.55. Maintains Buy rating.

Danaher

(DHR) - Get Report

estimates raised at UBSto $4.40 from $4.35. Maintains Buy rating and $95 price target.

Evergreen Solar

numbers lowered at Jefferiesto -$0.29 from -$0.26. Price target lowered to $13 from $16. Maintains Buy rating.

Gilead Sciences

(GILD) - Get Report

numbers raised at RBCto $60 from $58 and fY09 eps estimates lift to $2.19 from $2.16. Reiterates Outperform rating and Average Risk qualifier.

Google

(GOOG) - Get Report

estimates cut at Morgan Stanleythrough 2009.Company guided to guided to lower interest income, though fundamentals remain strong. Overweight rating.

Google

(GOOG) - Get Report

estimates lowered at UBSto $19.48 from $19.90. Maintains Buy rating and $700 price target.

IBM

(IBM) - Get Report

estimates raised at Goldmanto $9.90 from $9.47. Q2 results showed strength despite challenging macro environment. Price target raised to $145 from $135. Maintained Buy rating.

Icon

(ICLR) - Get Report

numbers raised at Jefferiesto $2.45 from $2.43. Price target raised to $90 from $83. Maintains Buy rating.

Illinois Tool Works

(ITW) - Get Report

estmiates raised at UBSto $3.73 from $3.65. Maintains Buy rating and $59 price target.

Invitrogen

(IVGN)

estimates raised at UBSto $2.51 from $2.45. Maintains Neutral rating and $45 price target.

JP Morgan Chase

(JMP) - Get Report

numbers raised at UBSto $2.46 from $2.33. Price target raised to $40 from $37. Maintains Neutral rating.

Coca-Cola

(KO) - Get Report

numbers raised at Morgan Stanleyto $69. Estimates also upped, as the company is seeing accelerating overall global volume growth. Overweight rating.

Merrill Lynch

(MER)

numbers lowered at UBSto -$5.45 from -$2.55. Lowers price target to $30 from $35. Maintains Neutral rating.

Merrill Lynch

(MER)

estimates cut at Goldmanto an $8.85 loss from $3.55 loss. Q2 results included weaker than expected earnings on write-downs of $9.7 billion. Note ongoing exposure to risky assets. Price target cut to $33 from $38 and maintained Neutral rating.

Potash

(POT)

target raised at RBCto $375 from $340 while FY09 eps estimates at $21.33. Reiterates Outperform rating and Average Risk qualifier.

Reliance Steel

(RS) - Get Report

estimates lowered at UBSto $7.15 from $7.25. Maintains Neutral rating and $78 price target.

Skyworks Solutions

(SWKS) - Get Report

estimates lowered at UBSto $0.48 from $0.51. Maintains Buy rating and $12.50 price target.

Valueclick

(VCLK)

numbers lowered at Jefferiesto $0.71 from $0.83. Price target lowered to $14 from $23. Maintains Hold rating.

This article was written by a staff member of TheStreet.com Ratings.