Skip to main content

DryShips: Analyst's Upgrades, Downgrades

DryShips upgraded at Morgan Stanley to Equal-weight. $5.50 price target. Market has improved and the company could sell some of its rigs to improve finances.

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Arkansas Best Corp

(ABFS)

upgraded at BofA/Merrill to Neutral from Underperform on increased volume and stabilized prices. Price target raised to $26 from $20.

Becton Dickinson

(BDX) - Get Becton, Dickinson and Company Report

upgraded at Goldman to Neutral. Currency trends are improving and the company is likely to repurchase more stock.

Franklin Resources

(BEN) - Get Franklin Resources, Inc. Report

upgraded at FBR to Outperform from Market Perform. $127 price target. Company is one of the best-positioned asset managers in this current environment.

CSG Systems

(CSGS) - Get CSG Systems International, Inc. Report

downgraded at Kaufman to Hold from Buy. $22 price target. Intec acquisition is not an obvious strategic fit.

DryShips

(DRYS) - Get DryShips Inc. Report

upgraded at Morgan Stanley to Equal-weight. $5.50 price target. Market has improved and the company could sell some of its rigs to improve finances.

TheStreet Recommends

Express Scripts

(ESRX)

downgraded at Goldman to Neutral. Valuation call, as the stock has outperformed the market over the past year. Target also lowered to $54.

Edwards Lifesciences

(EW) - Get Edwards Lifesciences Corporation Report

upgraded at Rodman to Market Perform from Underperform. Partner trial has been successful.

Edwards Lifesciences

(EW) - Get Edwards Lifesciences Corporation Report

numbers boosted at Citigroup. Shares of EW now seen reaching $79. Estimates also upped, given higher TAVI expectations. Buy rating.

Infinera

(INFN) - Get Infinera Corporation Report

downgraded at Goldman from Neutral to Sell. Valuation call, as the stock has doubled over the past three months. $8.50 price target.

World Fuel Services

(INT) - Get World Fuel Services Corporation Report

initiated at Credit Suisse with an Outperform rating and $36 price target. Energy logistics player with compelling growth opportunities.

World Fuel Services

(INT) - Get World Fuel Services Corporation Report

initiated at BofA/Merrill with a Buy rating and $32 price target. Company is commodity price insensitive and has strong earnings growth potential.

Intuitive Surgical

(ISRG) - Get Intuitive Surgical, Inc. Report

rated new Sell at Goldman. U.S. business is maturing and there will likely be a slower adoption rate overseas.

Ja Solar

(JASO)

reinstated at BofA/Merrill with a Buy rating. Strong balance sheet and competitive cost structure. $10.84 price target.

J.B. Hunt

(JBHT) - Get J.B. Hunt Transport Services, Inc. Report

downgraded at BofA/Merrill to Neutral from Buy on slowing volume momentum and lower prices. Price target trimmed to $39 from $41.

Nuance Communication

(NUAN) - Get Nuance Communications, Inc. Report

upgraded at UBS from Neutral to Buy. $18 price target. Valuation call, as secular trends remain favorable.

Radware

(RDWR) - Get Radware Ltd. Report

downgraded at Oppenheimer to Perform from Outperform. Valuation call, despite M&A speculation surrounding the company.

Trina Solar

(TSL)

reinstated at BofA/Merrill with a Buy rating. Strong balance sheet and competitive cost structure. $38.29 price target.

UIL Holdings

(UIL)

initiated at BofA/Merrill with a Buy rating and $30 price target. Fully regulated utility with growth opportunities in its transmission and distribution segments.

Valueclick

(VCLK)

downgraded at Merriman to Neutral. Valuation call, as the stock is up over 40% since late April.

Werner Enterprises

(WERN) - Get Werner Enterprises, Inc. Report

downgraded at BofA/Merrill to Neutral from Buy as volume momentum has shown signs of flattening and spot prices are declining. WERN price target falls to $23 from $28.

Zimmer

(ZMH)

downgraded at Goldman to Neutral. Company is facing pricing pressure and procedure growth is likely to slow. $57 price target.

STOCK COMMENTS / EPS CHANGES

Ameristar Casinos

(ASCA)

target raised at Goldman to $17.50. Expect increased merger activity in the regional gaming business. Neutral rating.

Baxter

(BAX) - Get Baxter International Inc. Report

estimates, target raised at Citigroup. Shares of BAX now seen reaching $43. Estimates also increased, as the company can gain market share while a competitor struggles. Sell rating.

Costco

(COST) - Get Costco Wholesale Corporation Report

estimates, target boosted at Citigroup. Shares of COST now seen reaching $66. Estimates also upped, given improved high-end retail demand. Hold rating.

Dominion Resources

(D) - Get Dominion Energy Inc Report

estimates upped at Morgan Stanley through 2012. Company offered new hedging and commodity price guidance. Underweight rating and $41.75 price target.

Energizer

(ENR) - Get Energizer Holdings, Inc. Report

estimates, target raised at UBS. Shares of ENR now seen reaching $90. Estimates also increased, as the Euro is getting strong and the company continues to cut costs. Battery business is also stabilizing. Buy rating.

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. Report

estimates trimmed at Barclays. GS 2010 and 2011 EPS estimates lowered to $12.78 and $16.00, respectively. Capital markets slowdown. Maintain Equal Weight rating and $175 price target.

Int'l Game Technology

(IGT) - Get International Game Technology PLC Report

target cut at Goldman to $13. Seeing increased competition in the slot machine industry, Sell rating.

Medco Health

(MHS)

cut from Conviction Buy List at Goldman. Estimates and target also cut to $66, given lower expected buyback activity.

Morgan Stanley

(MS) - Get Morgan Stanley Report

estimates lowered at Barclays. MS 2010 and 2011 EPS estimates reduced to $2.46 and $2.60, respectively. Capital markets slowed notably in recent months. Maintain Equal Weight rating and $34 price target.

Oracle

(ORCL) - Get Oracle Corporation Report

price target raised at Barclays to $34 from $31 as new product cycles will drive growth. Maintain Overweight rating.

Towers Watson

(TW) - Get Tradeweb Markets, Inc. Class A Report

estimates increased at Citigroup through 2012. Company should expand margins, aided by merger synergies. Buy rating and $60 price target.

Under Armour

(UA) - Get Under Armour, Inc. Class C Report

numbers increased at Goldman through 2012. Athletic sales are improving at the wholesale level. Neutral rating and new $42 price target.

Wynn Resorts

(WYNN) - Get Wynn Resorts, Limited Report

price target cut at Barclays. WYNN price target sunk to $84 from $92. Expect continued market share losses in near term at Wynn Macau. Maintain Equal Weight rating.

This article was written by a staff member of TheStreet.