CHANGE IN RATINGS
upgraded at Goldman Sachs to Buy from Neutral based on valuation and potential upside to earnings. Price target raised to $61 from $57.
upgraded at UBS to Neutral from Sell and price target reduced to $34 from $35. 2009 EPS estimate reduced to $2.50 from $3.50 and 2010 EPS estimate reduced to $2.25 from $3.00.
downgraded at Merrill/BofA to Underperform from Neutral and price target reduced to $15 from $31.
STOCK COMMENTS / EPS CHANGES
price target lowered at Goldman to $19 from $22. Maintained Neutral rating.
Caterpillar numbers cut at Morgan Stanley through 2010. Underweight rating and $28 price target.
numbers cut at UBS through 2009. Sell rating and new $20 price target.
numbers cut at Barclays. Shares now seen reaching $29. Estimates also lowered, to reflect slower economic growth. Equal-weight rating.
price target trimmed at Goldman to $10 from $11. Removed stock from Conviction Sell list but maintained Sell rating.
numbers lowered at UBS. Shares now seen reaching $63. Estimates also cut. Buy rating.
numbers raised at Morgan Stanley. Shares now expected to reach $68. Estimates also boosted, despite the stronger dollar. Overweight rating.
numbers reduced at UBS. Shares now expected to reach $13. Estimates also lowered, to reflect continued same-store sales declines. Buy rating.
numbers cut at Morgan Stanley. 2009 estimates cut because of weaker volumes and a higher pension expense. Overweight rating and new $56 price target.
estimates cut at UBS through 2010. Neutral rating and $15 price target.
This article was written by a staff member of TheStreet.com.