Analysts' Upgrades, Downgrades: Hershey

See who made what calls.

Author:: TSC Staff
Publish date:: Aug 18, 2008 9:26 AM EDT

Change in Ratings

Cadence Design

upgraded at Citigroup from Hold to Buy. $11.50 price target. Stock also added to the Top Picks list.

Hershey Foods

downgraded at Citigroup from Buy to Hold. $42 price target. Valuation call, as the stock is up 27% since July 1. Estimates also cut to reflect the lower expected demand from price increases and the net effect of hedging commodity cost.

Lennox

(LII) - Get Report

downgraded at Keybanc from Buy to Hold. Valuation call, though the long-term thesis remains intact.

Luminex

(LMNX) - Get Report

downgraded at Weisel from Overweight to Market-weight. Valuation call, based on a $26 price target. Business remains highly leveraged to 2 key partners.

Manpower

(MAN) - Get Report

downgraded to Equal-weight at Lehman due to belief that recent sharp deterioration in Europe and dollar appreciation will challenge future results. Price target reduced to $56 from $60.

Robert Half

(RHI) - Get Report

downgraded to Underweight at Lehman. Price target maintained at $23. Lehman believes company has little near-term upside potential due to deteriorating economic environment.

This article was written by a staff member of TheStreet.com.