
eBay: Analysts' Upgrades, Downgrades
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Amkor Technology (AMKR) - Get Report upgraded at Credit Suisse from Neutral to Outperform. $8 price target. Expect stronger near-term demand, especially from higher-value packaging.
CA
(CA) - Get Report
downgraded at MKM from Buy to Neutral. Loss of the CEO comes at a bad time.
Cooper Industries
( CBE) upgraded at Citigroup from Hold to Buy. Valuation call, as the company has solid, early-cycle exposure. $40 price target.
Celgene
(CELG) - Get Report
reinstated at Merrill/BofA with a Neutral rating. 2009 and 2010 EPS estimates set at $2.04 and $2.63, respectively. Price target set at $58.
DR Horton
(DHI) - Get Report
downgraded at UBS. Rating lowered to Sell from Neutral. Maintains $10 price target and 2009 EPS estimates of -$0.85.
Forest Laboratories
(FRX)
downgraded at Needham to Hold. Valuation call, as the stock is already pricing in some approvals in the clinical pipeline.
General Mills
(GIS) - Get Report
downgraded at Soleil from Buy to Hold. New $62 price target, as it will be difficult to achieve near-term earnings upside.
Las Vegas Sands
(LVS) - Get Report
upgraded at Argus from Hold to Buy. $18 price target. Las Vegas and Macau should continue to stabilize.
Rackspace
(RAX)
rated new Outperform at Credit Suisse. $18 price target. Company should be an early-cycle beneficiary of an economic recovery.
Rockwell Automation
(ROK) - Get Report
downgraded at Citigroup from Hold to Sell. Valuation call, as CBE offers better value at current levels.
Rosetta Stone
(RST) - Get Report
rated new Outperform at Barrington. $26 price target. Company has several outlets for growth and is positioned well within its industry.
Ryland Group
(RYL)
downgraded at UBS. Rating lowered to Neutral from Buy. Maintains $24 price target and 2009 EPS estimates of -$3.30.
Smith International
( SII) downgraded at FBR from Outperform to Market Perform. $38 price target. Estimates also cut, to reflect market share losses in Brazil.
Textron
(TXT) - Get Report
upgraded at Goldman from Neutral to Buy. Stock was also added to the Conviction List, as fundamentals are improving and the company has potential catalysts ahead. $23 price target.
STOCK COMMENTS / EPS CHANGES
Arch Coal
(ACI) - Get Report
estimates lowered at Goldman through 2013. Company sold new shares and debt. Buy rating.
ADC Telecom
( ADCT) target, estimates slashed at Barclays. Price target to $8 from $9 on concerns about 2010 growth prospects. 2009 and 2010 EPS estimates lowered to $0.18 from $0.29 and to $0.50 from $0.63. Maintain Equal Weight rating.
eBay
(EBAY) - Get Report
target raised, estimates lowered at Thomas Weisel. 2009 and 2010 EPS estimates cut to $1.52 from $1.55 and to $1.57 from $1.65, respectively, following eBay's sale of Skype. Price target lifted to $22 from $19. Reiterate Market Weight rating.
eBay
(EBAY) - Get Report
target raised at FBR to $27. Stock remains attractive, following the Skype deal. Outperform rating.
Harley-Davidson
(HOG) - Get Report
target increased at UBS to $23. Now incorporating a DCF valuation. Neutral rating.
Hovnanian
(HOV) - Get Report
estimate raised at Barclays. Increased HOV 2009 EPS estimate to -$7.08 from -$7.56. Maintain 2010 EPS estimate at $3.40. Reiterate Underweight rating and $1.50 price target.
International Paper
(IP) - Get Report
target boosted at Credit Suisse to $26. Pricing has been firm and the company is benefiting from alternative fuel credits. Overweight rating.
Kimberly-Clark
(KMB) - Get Report
estimates lowered at Credit Suisse through 2011. Company is facing higher pulp prices, but still has an attractive dividend. Outperform rating and $66 price target.
Lennar
(LEN) - Get Report
target raised at UBS to $14.50. Stock can trade at 0.8 times trough book value, but maintain a cautious outlook. Neutral rating.
Lubrizol
( LZ) numbers boosted at Keybanc through 2010. Company has strong pricing power. Buy rating and new $80 price target.
Mattel
(MAT) - Get Report
target raised at UBS to $18. Shifting to the 2010 earnings estimate, where double-digit earnings growth is possible. Neutral rating.
Pulte Home
(PHM) - Get Report
numbers boosted at Credit Suisse to $12. Estimates also changed, to reflect the CTX merger. Neutral rating.
Packaging Corp.
(PKG) - Get Report
target raised at Credit Suisse to $26. Pricing has remained strong. Outperform rating.
Tyson Foods
(TSN) - Get Report
estimates raised at Deutsche Bank. 2009 EPS estimates raised to $0.25 from $0.17. Maintains Hold rating and $13 price target.
Valspar
(VAL) - Get Report
cut from Conviction List at Goldman. $32 price target. Stock has outperformed over the past year, and has limited upside potential. Buy rating.
This article was written by a staff member of TheStreet.com.









