CHANGE IN RATINGS
downgraded at Barclays to underweight from equal weight. The downgrade was prompted by weak lodging fundamentals and that the future economic outlook is not attractive for the co. Increased price target to $25 from $22 based on their updated DCF analysis.
downgraded at JPMorgan. Rating lowered to Neutral from Overweight. Maintains $25.50 price target. Lowers 2009 EPS estimates from $1.94 to $1.87.
downgraded at Citigroup from Buy to Hold. $26 price target. Company is paying a high premium for TPP.
downgraded at Barclays to Underweight from Equal Weight. The downgrade was prompted by weak lodging fundamentals and that the future economic outlook is not attractive for the co. Increased price target to $17 from $15 based on valuation.
downgraded at Barclays to Underweight from Equal Weight. The downgrade was prompted by weak lodging fundamentals and that the future economic outlook is not attractive for the co. Lowered price target to $14 from $15.
( MVL) upgraded at JP Morgan. Rating raised to Overweight from Neutral. Price target raised to $42 from $27. Maintains 2009 EPS estimates of $1.25.
upgraded at Merrill/BofA from Underperform to Neutral. $11.50 price target. Covenant relief could help the company through a difficult period in the automotive business.
upgraded at JP Morgan. Rating raised to Overweight from Neutral. Price target raised to $24 from $18. 2009 EPS estimates raised to $0.78 from $0.72.
Upgraded at Goldmanto Buy from Neutral. Improving US business, better overall corporate margins, and increasing sentiment on the prospects for YRI profit growth led to the increase in ratings. Increased price target to $40 from $36.
STOCK COMMENTS / EPS CHANGES
estimates raised at UBS through 2011. Company has a good product lineup and gross margin drivers heading into the back-to-school season. Buy rating and $38 price target.
numbers raised at to $16 at Friedman, Billings Ramsey. Estimates also raised, as new releases should drive growth in the second half of the year. Outperform rating.
2009 estimates boosted at Merrill/BofA because of higher beverage can volume and plant closings, Merrill Lynch/Bank of America said. Buy rating and $48 price target.
estimates raised at Morgan Stanley through 2011. Company seeing growth in higher margin businesses. Equal-weight rating.
estimates, target increased at UBS to $9.25. Estimates also boosted, based on higher industry checks. Neutral rating.
estimates lowered at Barclays through 2010. Even though Orlando travel may be stabilizing, areas like ESPN advertising could still disappoint. Overweight rating and $32 price target.
target raised at Credit Suisse to $30 from $29. Capital productivity improved after the co. stated it is acquiring $375 M of fully-developed, gassy assets in East TX and Mid- Continent from EXCO Resources. Maintained Neutral rating.
estimates, target increased at UBS to $17. Estimates also raised, to reflect higher LCD volumes. Neutral rating.
estimates raised at Morgan Stanley. Expectations of higher revenue and gross margins led to the increase in numbers. Maintained Overweight rating and price target of $19.
estimates reduced at UBS through 2010. Housing market will likely continue to decline in the second half of the year. Neutral rating and $15 price target.
price target raised at Morgan Stanley to $28 and reiterated its Overweight rating. The increase in numbers reflects better visibility on PC units, more comfort with cost controls and Win 7 ASPs, and that the co. will benefit from a significant corporate PC cycle in 2010.
numbers reduced at UBS through 2010. Company warned of lower molecular diagnostic sales. Buy rating and new $40 price target.
estimates lowered at Barclays through 2010. Company is facing newbuild delays and lower dayrates. Overweight rating.
target raised at Goldman to $20 from $11 as cyclical recovery in the co.'s construction equipment business should emerge in the 2H2010-2011. Maintain Neutral rating.
estimates, target boosted at Merrill/BofA through 2010. Company continues to gain market share. Buy rating and new $135 price target.
estimates cut at Morgan Stanley through 2010. Company is facing higher metal recycling costs. Equal-weight rating.
estimates cut at Merrill/BofA through 2010. Company warned that Georgia Power will have lower earnings. Buy rating and $34 price target.
Total System Services
target lowered at Goldman to $11 from $12 due to the loss of its Bank of America merchant service business which accounted for a total of 4% revenue for the co. Maintained Sell rating.
target raised at Goldman to $24 from $18. The raise was prompted by the NPV of the pipeline and net cash the co. currently has. Maintained Neutral rating.
target raised at Credit Suisse to $25 from $22 based on the increasing probability of success in their NPV model. Maintained Neutral rating.
This article was written by a staff member of TheStreet.com.