Analysts' Upgrades, Downgrades: Deere
Change in Ratings
Credit Suisse said it is downgrading
China Unicom
(CHU) - Get China Unicom (Hong Kong) Ltd. Report
to underperform from neutral.
UBS said it is upgrading
Banco Santander
(STD)
to neutral from sell based on valuation. Believe current levels fully reflect macroeconomic challenges. Estimate core tier 1 will be 7.1% at year-end, based on capital raising and recent acquisitions.
UBS said it is upgrading
TheStreet Recommends
Tenet Healthcare
(THC) - Get Tenet Healthcare Corporation Report
to neutral from sell based on valuation. See lack of near-term downside catalysts and note that shares are trading around 15% of enterprise value. 2009 outlook is heavily dependent on uninsured/bad debt and healthcare reform. Price target cut to $1.40 from $2.00.
Stock Comments/EPS Changes
Goldman said it is lowering its target on
Deere
(DE) - Get Deere & Company Report
to $41 from $46 based on disappointing fourth-quarter results. Expect increasing foreign exchange headwinds and lower earnings as farmers scale back capital expenditures. Maintained neutral rating.
This article was written by a staff member of TheStreet.com.
