NEW YORK (
CHANGE IN RATINGS
downgraded at Susquehanna from Positive to Neutral, Susquehanna Financial said. Valuation call, based on a $37 price target.
initiated at UBS. Initiated with a Neutral rating and $39 price target. Introduces 2009 EPS estimates of $2.08.
rated new Buy at Keybanc. $63 price target. Company has an efficient, low-cost operating and the stock appears attractive at current levels.
upgraded at William Blair from Underperform to Market Perform. Valuation call, as business trends will likely stabilize in the coming quarters.
initiated at UBS. Initiated with a Buy rating and $45 price target. Introduces 2009 EPS estimates of $4.23.
downgraded at UBS from Buy to Neutral. $18 price target. Valuation call, as the stock lacks near-term catalysts.
upgraded at ThinkEquity from Source of Funds to Buy. $550 price target. Company is likely to outperform as the economy recovers.
initiated at JP Morgan. Initiated with an Overweight rating and $44 price target. Introduces fiscal 2010 EPS estimates of $0.50.
upgraded at Morgan Stanley. Rating raised to Overweight from Equal-weight. Raises fiscal 2010 EPS estimates to $1.12 from $1.11. Maintains $24 price target.
rated new Buy at Jefferies. $240 price target. Company has greater opportunity for transaction growth, as the company gains market share in debit.
initiated at Barclays with an Overweight rating and $37 price target. Analysts noted their successful gas pipeline business, Enogex. 2009 and 2010 EPS estimates set at $2.47 and $2.87 respectively.
downgraded at Morgan Stanley. Rating lowered to Equal-weight from Overweight. Eliminates $60 price target. Maintains 2009 EPS estimates of $3.48.
rated new Outperform at Wells Fargo. Coverage started with an Outperform rating. Spin-offs of TWC and AOL will leave a leading, focused media player.
rated new Buy at Deutsche. Coverage started with a Buy rating. $80 price target. Company has the largest payment network in the world, and better operating leverage than MA.
upgraded at Jefferies from Hold to Buy. $26.50 price target. PG acquisition makes the company stronger and should be accretive to 2010 earnings.
STOCK COMMENTS / EPS CHANGES
numbers raised at Stifel to $108. Estimates also boosted, to reflect market share gains. Buy rating.G
numbers raised at Goldman to $35. Estimates also boosted, to reflect lower capital spending. Sell rating, based on valuation.
estimates raised at Morgan Stanley through 2012. Traffic is growing, and the company posted better comps than LOW last quarter. Equal-weight rating.
estimates upped at UBS through 2010. Expect better demand in the auto and industrial markets. Neutral rating and $14.50 price target.
estimates, target raised at UBS. Shares now seen reaching $7.50. Estimates also boosted, to reflect improving memory pricing trends. Neutral rating.
Procter & Gamble
estimates changed at Barclays. Raised PG's 2010 EPS to $4.05 from $3.72. 2011 EPS estimate cut to $3.93 from $4.10. Maintain Overweight rating and $60 price target.
price target lifted at Barclays to $60 from $56 after meetings with PPG's management revealed that PPG remains well positioned to grow earnings ahead of peer group. Maintain 2009 EPS estimate of $2.45. 2010 EPS estimate boosted to $3.77 from $3.50. Reiterate Overweight rating.
-- Written by TheStreet.com staff in New York
This article was written by a staff member of TheStreet.com.