Change in Ratings
numbers lowered at Jefferies. 2008 EPS estimates lowered to $2.10 from $2.15. Price target lowered to $32 from $42. Maintains Buy rating.
upgraded at Merrill from Neutral to Buy. $37 price target. Estimates also raised to reflect higher international box office receipts from the "Kung Fu Panda" movie.
downgraded at Merrill from Buy to Neutral. $28 price target. Estimates also cut to reflect lower financial services earnings.
downgraded at Oppenheimer from Outperform to Perform. $5 price target. New analyst believes that falling DRAM and NAND prices could hurt earnings.
downgraded at Citigroup from Hold to Sell. $11 price target. Valuation call, as the stock is up 84% over the past month. Estimates also cut because of higher loan provisions and credit-related operating costs.
downgraded at Roth to Hold from Buy following
acquisition offer. Lowers target price to $5.75 from $6.
downgraded at Goldman Sachs to Neutral from Buy based on more attractive risk/reward in other names, such as containerboard sensitive stocks. Note 50%+ market share in North American food can market and favorable earnings track record. Price target at $64.
upgraded at Goldman Sachs to Buy from Neutral based on 2009-2010 earnings potential. See 33% upside to shares, based on $8 target, and note that shares trade at 9.4 times 2009 earnings estimates.
downgraded at Citigroup from Buy to Hold. $47 price target. Valuation call, as the stock is up 85% over the past month. Estimates cut to reflect dilution from the recent capital raise.
Stock Comments/EPS Changes
target trimmed at Goldman to $148 from $149 following Q4 results that showed some competitive pressures. Sales did not experience the same summer pickup seen at other firms. Maintained Neutral rating.
price target lowered at UBS to $42 from $45. Maintains 2008 EPS estimates of $3.50 and Neutral rating.
This article was written by a staff member of TheStreet.com.