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Change in Ratings

Chico's FAS

(CHS) - Get Chico's FAS, Inc. Report

downgraded at Citi from hold to sell with a $7.00 price target. The stock has run well above the $7.00 price target leaving it vulnerable in the absence of N-T fundamental improvement.


(CR) - Get Crane Co. Report

upgraded at Merrill from neutral to buy with a $50 price target. The company's exposure to asbestos has stabilized and has become less of a concern for investors. In addition, Crane continues to seek margin expansion by leveraging synergies and execution of the company's operational excellence program.

Jefferies Group

(JEF) - Get Jefferies Financial Group Inc. Report

downgraded at Merrill from neutral to sell. JEF is experiencing significant negative operating leverage as their revenue environment is deteriorating. In addition, their current cost structure makes solid profitability unlikely over the coming quarters.

Juniper Networks

(JNPR) - Get Juniper Networks, Inc. Report

downgraded at UBS to neutral rating from buy. Price target and fiscal year 2008 EPS estimates hold at $30 and $1.01, respectively.


(MAR) - Get Marriott International, Inc. Class A Report

downgraded at Morgan Stanley to equal-weight. Expect lodging trends to deteriorate in the second half of the year, along with the overall economy. $40 price target.


TheStreet Recommends


downgraded at Merrill from buy to neutral. MIL's stock is up 14.5% over six weeks and is now within 5% of the previous price objective of $78. Near-term outlook is now limited, however, fundamental outlook for the company has not changed.


(NFLX) - Get Netflix, Inc. Report

downgraded at Thomas Weisel from overweight to market weight. Downgrade is due to more marketing activity by Blockbuster and the loss of one leg of the long-term bull case for margin improvement in digital distribution.

Norfolk Southern

(NSC) - Get Norfolk Southern Corporation Report

upgraded at Merrill from neutral to buy with a $72 price target. NSC now has an attractive valuation relative to the rail sector, exposure to a favorable commodity mix, continuing pricing strength and improvements in operational efficiency.

Stock Comments/EPS Changes

BioReference Lab


target cut at Jefferies to $32 from $38. Fiscal year 2009 EPS estimates hold at $1.43. Reiterates buy rating.

Darden Restaurants

(DRI) - Get Darden Restaurants, Inc. Report

added to Focus List at JPMorgan. Had recent positive meeting with management and the company likely to meet near-term guidance. Overweight rating.

Polo Ralph Lauren

(RL) - Get Ralph Lauren Corporation Class A Report

price target raised at Goldman to $68 from $64 based on strong fourth-quarter results. Note excellent revenue trends and strength in both wholesale and retail, but also management's conservative guidance. Maintained neutral rating.


(SYMC) - Get Symantec Corporation Report

target raised at UBS to $25 from $21. Fiscal year 2009 EPS estimates hold at $1.29. Reiterates buy rating.


( TMX) price target higher at Goldman to $37 from $35.50 based on solid Embratel growth and recent share buybacks. Note progress in moving toward spinoff of non-Mexico assets. Maintained sell rating.

This article was written by a staff member of Ratings.