CHANGE IN RATINGS
upgraded to Neutral at Goldman Sachs. Price target increased to $38 from $36.
upgraded at Baird to Outperform from Neutral based on valuation and economically resilient business model. Sets $46 target price.
downgraded at Collins Stewart to Hold from Buy based on valuation following the 100%-plus run-up in the stock price since November. Removed its target.
Federal Realty Trust
downgraded to Sell from Neutral at Goldman. Price target reduced to $39 from $43.
( MOT) downgraded to Equal-weight from Overweight at Barclays and price target reduced to $6 from $9. Motorola upgraded at JP Morgan to Overweight from Neutral based on new restructuring initiatives and valuation. Maintained $7 target price.
rated new Underperform at Friedman Billings. Sets $30 target price.
Procter & Gamble
downgraded to Market Weight at Sanford Bernstein and price target reduced to $65 from $72.
( SHPGY) downgraded to Underperform from Buy at BofA/Merrill Lynch with a $45 price target.
upgraded to Overweight from Equal-weight at Barclays and price target unchanged at $58.
( WMI) downgraded at JP Morgan to Neutral from Overweight based on valuation. Stock is essentially trading near its $35 target price.
STOCK COMMENTS / EPS CHANGES
price target cut at Goldman Sachs to $420 from $475 based on lower expectations for revenue stabilization. Believe revenue growth will recover in the fourth quarter of 2009, later than previous assumption. Maintained Buy rating.
This article was written by a staff member of TheStreet.com.