CHANGE IN RATINGS
upgraded at Deutsche Bank from Sell to Hold. Financing fears have been pushed into 2010, following the recent equity placement.
upgraded at UBS from Sell to Neutral. $16 price target. Expect management to say that sales declines are decelerating at the upcoming analyst meeting. Also expect a new CFO to be named soon.
downgraded at Deutsche Bank to Sell. Valuation call, as copper prices should pull back once again.
rated new Buy at Jefferies. $27 price target. Company should be able to weather the storm, with its diversified business model.
upgraded at Merriman to Buy from Neutral based on stabilizing pricing and diminished foreign exchange headwinds. Also sees mobile search as a catalyst.
upgraded at Davenport to Buy. $24 price target. PC unit demand is likely rising in the U.S., Japan and China.
rated new Outperform at Oppenheimer. $44 price target. Company is benefiting from trend toward more home-prepared meals, and products are holding up well against private-label competition.
( TMX) upgraded at Credit Suisse to Neutral from Underperform based on valuation. Maintained $16 target price.
STOCK COMMENTS / EPS CHANGES
target raised at ThinkEquity to $85. Kindle will help margins and earnings, though not boost the top line as much. Buy rating.
estimates, target raised at Morgan Stanley through 2010. Upstream data points are largely positive across the industry. Equal-weight rating and new $14 price target.
2010 estimates lowered at UBS because of low demand visibility. Neutral rating and $14 price target.
Research in Motion
( RIMM) numbers reduced at UBS to $52. Estimates also lowered through 2010, because of lower expected replacement demand. Neutral rating.
2009 estimates, target reduced at RBC because of mixed channel checks. Enterprise demand likely remains soft. Sector Perform rating and new $23 price target.
This article was written by a staff member of TheStreet.com.