eBay: Analysts' Upgrades, Downgrades
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Alcoa
(AA) - Get Report
downgraded at UBS from Buy to Neutral. $16 price target. Estimates also lowered, because of new cost expectations.
A123 Systems
(AONE)
upgraded at Deutsche from Hold to Buy. $17 price target. Recent customer announcement should drive meaningful sales and China may soon introduce incentives.
Ameristar Casino
(ASCA)
downgraded at JP Morgan. Rating lowered to Neutral from Overweight. Maintains $19 price target. 2010 EPS estimates lowered to $0.89 from $0.93.
Commerce Bancshares
(CBSH) - Get Report
downgraded at UBS from Buy to Neutral. $41 price target. Estimates also cut, because of lower net interest margin expectations.
ConocoPhillips
(COP) - Get Report
upgraded at Oppenheimer from Perform to Outperform. $70 price target. Company is on track to reach asset sale target with its Syncrude deal.
>> Who Owns COP?: Warren Buffett
DeVry
(DV)
upgraded at Credit Suisse to Outperform from Neutral due to new insights on the DOE's Gainful Employment stance. Price target jumped to $75 from $55.
ITT Educational
(ESI) - Get Report
upgraded to Credit Suisse to Outperform from Neutral on new proposal from DOE. Price target improved to $135 from $105.
Expedia
(EXPE) - Get Report
upgraded at Goldman from Neutral to Buy. Company was also added to the Conviction List, based on a $31 price target. Stock has outperformed and the company should benefit from improving hotel trends.
WW Grainger
(GWW) - Get Report
rated new Buy at Jesup & Lamont. $130 price target. Company should post strong sales and earnings later this week and is also likely to repurchase stock in 2010.
Huntington Bancshares
(HBAN) - Get Report
downgraded at UBS from Neutral to Sell. $4 price target. Estimates also cut, because of TARP-related capital raises.
Harley-Davidson
(HOG) - Get Report
downgraded at Deutsche from Buy to Hold. $33.50 price target. Valuation call, as the stock is up 102% since May.
Harsco
(HSC) - Get Report
rated new Buy at Canaccord Adams. $40 price target. Stock no longer deserves a conglomerate discount.
InterMune
(ITMN)
initiated at JP Morgan with an Overweight rating and $60 price target. Introduces 2010 EPS estimates of -$2.41.
Keycorp
(KEY) - Get Report
downgraded at UBS from Neutral to Sell. $5 price target. Company faces earnings headwinds.
Priceline.com
(PCLN)
downgraded at Goldman from Buy to Neutral. Valuation call, based on a $275 price target.
Regions Financial
(RF) - Get Report
downgraded at UBS from Neutral to Sell. $6 price target. Company is facing credit and sales headwinds.
>> Who Owns RF?: Bruce Berkowitz
Red Hat
(RHT) - Get Report
rated new Buy at UBS. Company is a leader in open source software and should deliver strong billings and cash flow growth. $35 price target.
TCF Financial
(TCB)
downgraded at UBS from Neutral to Sell. $12 price target. Estimates also lowered, given lower net interest margin expectations.
UnitedHealth
(UNH) - Get Report
upgraded at Leerink from Market Perform to Outperform. Expect earnings upside potential, as minimum losses are already priced into the stock.
>> Who Owns UNH?: Renaissance Technologies
STOCK COMMENTS / EPS CHANGES
Apache
(APA) - Get Report
estimates boosted at UBS through 2011. Acquisition of DVN assets should add to earnings. Buy rating and $130 price target.
Franklin Resources
(BEN) - Get Report
numbers raised at FBR. Shares of BEN now seen reaching $121. Estimates also increased, given higher asset levels at the end of the quarter. Market Perform rating.
Cheesecake Factory
(CAKE) - Get Report
cut from Conviction Buy List at Goldman. Shares of CAKE now seen reaching $31. Estimates also upped, because of the company's higher expected sales growth. Buy rating, but the stock was also removed from the Conviction List.
Dollar General
(DG) - Get Report
numbers increased at Morgan Stanley. Shares of DG now seen reaching $32. Estimates also boosted, as margins could continue to expand. Overweight rating.
eBay
(EBAY) - Get Report
estimate, target increased at Goldman. EBAY estimates were raised through 2012. Company is seeing more successful US sales and payment volume growth. Neutral rating and new $27.50 price target.
>> Who Owns eBay?: Prince Al-Waleed
Jones Apparel Group
(JNY)
target, estimates raised at Barclays. JNY price target lifted to $24 from $22 on improving trends in retail segment. 2010 and 2011 EPS estimates improved to $1.35 and $1.60, respectively. Maintain Equal Weight rating.
Owens-Illinois
(OI) - Get Report
price target higher at Barclays. OI price target jumped to $32 from $26 on improved visibility. 2010 and 2011 EPS estimates held at $3.25 and $4.15, respectively. Underweight rating.
Polo Ralph Lauren
(RL) - Get Report
target, estimates boosted at Barclays. RL price target surged to $100 from $85 as the company has seen a rebound in its wholesale business. 2010 and 2011 EPS estimates increased to $4.30 and $4.85, respectively. Equal Weight rating.
Tellabs
(TLABS)
estimates, target boosted at UBS. TLAB estimates were increased through 2011. Company should benefit from positive end-market demand trends. Neutral rating and new $8.50 price target.
VMWare
(VMW) - Get Report
estimates, target raised at Goldman. VMW estimates were increased through 2012. Company is positioned well, following strong market checks. Neutral rating and new $60 price target.
This article was written by a staff member of TheStreet.com.
