CHANGE IN RATINGS
upgraded at Goldman Sachs to Buy. Price target raised to $32 from $25.
downgraded at Goldman Sachs to Sell from Neutral due to severe budget cuts in IT spending. Price target lowered to $9 from $10.50.
downgraded at Citigroup to Sell. Valuation call, based on a $37 price target.
Research In Motion
downgraded at Cowen to Underperform. Outlook created more questions than it answered, as gross margins are likely to fall 5% next quarter despite 19% sequential revenue growth.
downgraded at Goldman Sachs to Sell from Neutral. Price target at $18.80.
STOCK COMMENTS / EPS CHANGES
numbers raised at Morgan Stanley. Shares now seen reaching $17. Estimates also boosted, because of the foreign exchange benefit. Equal-weight rating.
numbers raised at Barclays. Shares now seen reaching $31. Overweight rating.
numbers cut at Barclays. Estimates reduced through 2009. Equal-weight rating and new $14 price target. Ingersoll-Rand price target cut at Goldman to $14 from $22. Maintained Neutral rating.
numbers cut at Morgan Stanley. Shares now seen reaching $26. Estimates also lowered, based on the weaker economy. Equal-weight rating.
STRATEGY CALLS / MARKET CALLS
downgraded at Bernstein from Outperform to Market Perform. Valuation call, as there is little upside potential to 2009 numbers.
This article was written by a staff member of TheStreet.com.