eBay: Analysts' Upgrades, Downgrades
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Alcoa
(AA) - Get Alcoa Corporation 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 Commerce Bancshares, Inc. Report
downgraded at UBS from Buy to Neutral. $41 price target. Estimates also cut, because of lower net interest margin expectations.
ConocoPhillips
(COP) - Get ConocoPhillips Report
upgraded at Oppenheimer from Perform to Outperform. $70 price target. Company is on track to reach asset sale target with its Syncrude deal.
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>> 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 Element Solutions Inc Report
upgraded to Credit Suisse to Outperform from Neutral on new proposal from DOE. Price target improved to $135 from $105.
Expedia
(EXPE) - Get Expedia Group, Inc. 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 W.W. Grainger, Inc. 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 Huntington Bancshares Incorporated Report
downgraded at UBS from Neutral to Sell. $4 price target. Estimates also cut, because of TARP-related capital raises.
Harley-Davidson
(HOG) - Get Harley-Davidson, Inc. 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 Harsco Corporation 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
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 Regions Financial Corporation 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 Red Hat, Inc. 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 UnitedHealth Group Incorporated 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
estimates boosted at UBS through 2011. Acquisition of DVN assets should add to earnings. Buy rating and $130 price target.
Franklin Resources
(BEN) - Get Franklin Resources, Inc. 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 Cheesecake Factory Incorporated 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 Dollar General Corporation 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
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 O-I Glass Inc 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 Ralph Lauren Corporation Class A 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 VMware, Inc. Class A 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.
