(For more recent analyst calls, visit our Analyst Upgrades/Downgrades page.)
Change in Ratings
downgraded at Morgan Stanley to Underweight. $34 price target. Shrinking U.S. end market will slow growth in the coming years.
downgraded at Deutsche to Hold. Company should continue to grow faster than the industry but is not immune to macro risks. Estimates also cut. $38 price target.
downgraded at Merrill from Neutral to Underperform. $34 price target. 2009 estimate also cut to reflect lower expected pension income.
downgraded at Morgan Stanley to Underweight. $18 price target. Expect slower U.S. drug sales to cut into margins.
Stock Comments/EPS Changes
price target cut at Goldman Sachs to $56 from $60 due to challenging credit environment. Recent turmoil in the financial markets will likely translate into higher funding costs for Boeing, which will likely have to provide financing to airline customers or face delays in planned 2009 deliveries. Maintained Sell rating.
Strategy Calls/Market Calls
Eight lodging stocks downgraded at JP Morgan.
were downgraded from Overweight to Neutral. The ratings on three other hotel operators and three lodging REITs were also cut to Underweight, given lower RevPAR expectations. Estimates also cut across the board.
This article was written by a staff member of TheStreet.com.