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Change in Ratings

Bed Bath & Beyond

(BBBY) - Get Bed Bath & Beyond Inc. Report

upgraded at Goldman Sachs to Buy from Neutral based on valuation and eventual margin rebound as Linens N' Things completes liquidation. Price target reduced to $26 from $31.


(PBR) - Get Petroleo Brasileiro S.A.- Petrobras Report

downgraded at Credit Suisse to Neutral from Outperform. Cites concerns over deteriorating cost structure and earnings outlook following the decline in crude. Lowered target to $30 from $48.


(PGR) - Get Progressive Corporation (The) Report

upgraded at Citigroup from Sell to Hold. $13.50 price target. Price cuts appear to have run their course, though the company lacks material catalysts.



added to Conviction Buy List at Goldman based on valuation. Believe company offers a break-up value of $50 a share, noting that assets are underappreciated due to overhang of core pharma business. Price target at $46.

Stock Comments/EPS Changes


(DRYS) - Get DryShips Inc. Report

target cut at Credit Suisse to $30 from $50 based on recent acquisitions, which stretches balance sheet, and equity offering announcement. Maintained Outperform rating.


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TheStreet Recommends

(GOOG) - Get Alphabet Inc. Report

numbers cut at Citigroup. Shares now seen reaching $450. Estimates also lowered, to reflect new negative datapoints since earnings. Buy rating.


(HOLX) - Get Hologic Inc. Report

numbers cut at Morgan Stanley. Shares now seen reaching $20. Estimates also lowered, to match the company's new guidance. Overweight rating.

Las Vegas Sands

(LVS) - Get Las Vegas Sands Corp. Report

target cut at Goldman to $9.50 from $25, based on weak Q3 results and dilutive effect of $2.1 billion capital raise. Maintained Buy rating.

Rockwell Automation

(ROK) - Get Rockwell Automation Inc. Report

numbers cut at Morgan Stanley. Shares now seen reaching $33. Estimates also lowered, to reflect slowing end-market demand. Underweight rating.



numbers lowered at Morgan Stanley. Estimates cut through 2010. Company is seeing slowness in a few businesses and is being hurt by the stronger dollar. Overweight rating and new $34 price target. Tyco price target trimmed at Goldman to $20 from $25 based on disappointing 2009 guidance, which implied 20% decline in earnings. Maintained Sell rating.

Strategy Calls/Market Calls

Morgan Stanley changes ratings on six chip stocks.




Lattice Semiconductor

(LSCC) - Get Lattice Semiconductor Corporation Report


RF Micro Devices


were downgraded to Underweight. The rating on


(ALTR) - Get Altair Engineering Inc. Report

was also cut to Equal-weight, given rising inventories in the supply chain. On the other hand,

Analog Devices

(ADI) - Get Analog Devices Inc. Report


Linear Technology


were upgraded from Equal-weight to Overweight.

This article was written by a staff member of