
El Paso Electric: Upgrades, Downgrades
Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (
) --
CHANGE IN RATINGS
El Paso Electric
(EE) - Get Report
was downgraded from Buy to Hold at Jefferies. $30 price target. Stock is already pricing in above-average earnings growth potential, Jefferies said.
Estee Lauder
(EL) - Get Report
was initiated with a Buy rating at Jefferies. $90 price target. Organic sales growth is accelerating, Jefferies said.
Heartware
(HTWR)
was initiated with a Buy rating at UBS. $115 price target. Company can materially expand its market share over the next few years, UBS said.
Mednax
(MD) - Get Report
downgraded at Deutsche Bank from Buy to Hold. Valuation call, based on a $75 price target, Deutsche said.
Newell Rubbermaid
(NWL) - Get Report
was initiated with a hold rating at Jefferies. $20 price target. Company has a relatively slow growth profile, Jefferies said.
Skechers USA
(SKX) - Get Report
downgraded to Sell at Sterne Agee. $16 price target. Inventory continues to build, Sterne Agee said.
Strayer Education
(STRA) - Get Report
was initiated with a Neutral rating at Sterne Agee. Company faces fundamental and regulatory concerns, Sterne Agee said.
Starbucks
(SBUX) - Get Report
was initiated with a Neutral rating at Janney Montgomery. $34 price target. Rising coffee prices may hamper earnings growth, Janney Montgomery said.
Thoratec
(THOR) - Get Report
was upgraded at UBS from Neutral to Buy. $33 price target. Despite near-term market share losses, management can create value over time, UBS said.
TW Telecom
(TWTC)
was upgraded at Citigroup to Buy from Hold. Sequential revenue growth should trough in the fourth quarter of 2010, Citigroup said. Maintain $21 price target.
Unisys
(UIS) - Get Report
was initiated with a Perform rating at Oppenheimer. $28 price target. Company could have mixed near-term sales.
Urban Outfitters
(URBN) - Get Report
was downgraded at Brean Murray from Buy to Hold. Valuation call. Increased competition could lead to further discounting, Brean Murray said.
This article was written by a staff member of TheStreet.









