NEW YORK (TheStreet) -- CHANGE IN RATINGS
downgraded at Sterne Agee from Buy to Neutral. Estimates also lowered, because of higher promotional activity across teen retail.
upgraded at Goldman from Sell to Neutral. $42 price target. Company is realizing higher Rockies natural gas prices.
downgraded at Goldman from Neutral to Sell. $32 price target. Valuation call, as the stock has outperformed its peers by 14% over the past 5 weeks.
downgraded at Goldman from Buy to Neutral. Stock was also removed from the Conviction List. Company is seeing lower volumes and the benefit from financial regulation could take longer to materialize.
downgraded at BMO from Outperform to Market Perform. $23 price target. Estimates also cut, as business momentum has stalled.
estimates lowered at Morgan Stanley through 2012. Company is seeing lower gross margins, but spending more and facing a higher tax rate. Equal-weight rating.
downgraded at Oppenheimer from Outperform to Perform. Company reported a mixed quarter and has a soft outlook.
upgraded at Citigroup from Hold to Buy. $28 price target. Valuation call, as the stock is down 10% on the year.
rated new Outperform at Wells Fargo. Stock is attractively valued, following the recent selloff. Sales could grow 15%-20% in 2011.
downgraded at Credit Suisse to Neutral from Outperform. Execution mishaps and highly promotional cereal category put outlook in question, Credit Suisse said. Price target lowered to $54 from $57.
rated new Market Perform at Wells Fargo. Company needs to perform better in emerging technologies to garner a higher earnings multiple.
downgraded at Merriman from Buy to Neutral. Channel growth does not appear strong enough to meet targets.
initiated at Soleil with a Buy rating and $40 price target. Well positioned to grow revenues to $6 billion by 2014. Strong balance sheet and healthy dividend.
rated new Market Perform at Wells Fargo. Turnaround will take time, but the company should trade for 20 times 2011 expected earnings.
STOCK COMMENTS / EPS CHANGES
numbers raised at Goldman. Shares of AAP now seen reaching $60. Estimates also increased, as the company has better visibility and is buying back stock. Neutral rating.
Advance Auto Parts
price target higher at Barclays, to $55 from $51 as margins and share repo drive 2Q10 EPS upside. Maintain Neutral rating.
Advance Auto Parts
estimates boosted at Credit Suisse. AAP 2010 and 2011 EPS estimates increased to $3.85 and $4.25, respectively. Internal change, heat, and positive secular drivers led to stronger than expected earnings. Maintain Outperform rating and $60 price target.
price target cut at Credit Suisse to $27 from $35 as many moving parts make visibility challenging, Credit Suisse said. Solid 4Q10 results and 1Q11 guidance. Maintain Neutral rating.
price target lowered at Credit Suisse by a dollar to $21 on higher well costs, Credit Suisse said. Reiterate Outperform rating.
added to Conviction Buy List at Goldman Sachs. Company is an inexpensive way to play the baby boom demographic.
added to Conviction Buy List at Goldman Sachs. Tighter credit spreads and improving issuance data should help drive higher earnings.
price target down at Credit Suisse to $24 from $27 as excessive promotion environment limits earnings upside. Maintain Neutral rating.
CB Richard Ellis
cut from Conviction Buy List at Goldman Sachs. Company lacks near-term catalysts. $21 price target.
price target lower at Soleil by a dollar to $14 on light revenue expectations for 3Q10. Maintain Hold rating.
estimates, target raised at Morgan Stanley. Shares of CNK now seen reaching $16. Estimates also increased, as the company is seeing better international growth. Underweight rating.
price target cut at Barclays to $57 from $63 on soft 1Q11 results. Maintain Overweight rating.
numbers reduced at Citigroup. Shares of CSC now seen reaching $54. Estimates also lowered, as sales growth should remain muted. Hold rating.
estimates changed at Credit Suisse. GIS 1Q11 EPS trimmed to 60 cents, 2Q11 lifted to 85 cents. FY11 held at $2.50. Cereal discounting and tough comparisons will weight on the company 1Q11 results, Credit Suisse said. Maintain Outperform rating and $41 price target.
estimate raised at Keybanc. IR 2011 EPS estimate upped to $3.10 from $2.85. After meeting with management, increased confidence the company can achieve productivity targets near-term and into 2011, Keybanc said. Maintain Buy rating and $45 price target.
estimates, target boosted at Citigroup. Shares of M now seen reaching $33. Estimates also upped, to match the company's new guidance. Buy rating.
estimates increased at Morgan Stanley through 2012. Company boosted its production guidance and is keeping a lid on costs. Equal-weight rating.
estimates upped at UBS through 2011. AIPC deal should add to earnings. Neutral rating and $62 price target.
estimates increased at Citigroup through 2011. Pricing is holding up better than expected. Hold rating and $15 price target.
numbers boosted at Goldman. Shares of STRI now seen reaching $20. Estimates also upped, given better solar demand. Neutral rating.
Time Warner Cable
estimates raised at Barclays. TWC 2010 and 2011 EPS estimates increased to $3.41 and $4.10, respectively. Expecting buyback to be announced in 3Q10 results. Reiterate Neutral rating and $55 price target.
estimates reduced at Goldman. Shares of URS now seen reaching $42. Estimates also lowered, given weaker award and sales growth. Neutral rating.
estimates, target upped at Goldman. WBMD estimates were boosted through 2012. Company is buying back stock. Neutral rating and ne $55 price target.
This article was written by a staff member of TheStreet.