CHANGE IN RATINGS
reinstated at Goldman with a neutral rating. Price target at $10.
downgraded at J.P. Morgan to Neutral from Overweight. Price target at $13.
downgraded at Goldman Sachs to Sell from Neutral. Price target at $36.
downgraded at J.P. Morgan to Neutral. Estimates also cut to reflect a sharp decline in end-market demand.
upgraded at Barclays from Equal-weight to Overweight. $21 price target.
downgraded at Credit Suisse from Neutral to Underperform. $1 price target.
Nordic American Tanker
downgraded at J.P. Morgan to Underweight from Neutral based on heavy earnings leverage to spot rates. Price target at $19.
upgraded at Deutsche Bank to Buy. $53 price target.
downgraded at JP Morgan to Neutral. Estimates also cut following the company's downbeat mid-quarter update.
downgraded at J.P. Morgan to Hold from Buy. Price target at $40.
downgraded at Jefferies from Buy to Hold. $15 price target.
downgraded at Deutsche Bank to Hold. Estimates also cut to reflect lower volume and price expectations. $40 price target.
STOCK COMMENTS / EPS CHANGES
numbers lowered at Barclays. Shares now seen reaching $26. Estimates also cut, as the company will continue to be hurt by the weaker economy. Equal-weight rating.
numbers cut at Morgan Stanley. Shares now seen reaching $27. Estimates also cut, following the company's earnings warning. Underweight rating.
estimates, target lowered at Morgan Stanley. Estimates cut through 2010. Underweight rating and new $60 price target.
This article was written by a staff member of TheStreet.com.