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Express: Analysts' Upgrades, Downgrades

Express coverage started with a buy rating at BofA/Merrill, Goldman Sachs and UBS.
Author:

NEW YORK (

TheStreet

) --

CHANGE IN RATINGS

Affymax

(AFFY)

downgraded at Thomas Weisel AFFY downgraded to Market Weight from Overweight as visibility into a regulatory path is significantly reduced. Price target cut to $6.50 from $31.

Denbury

(DNR) - Get Report

reinstated at Barclays with an Equal Weight rating and $20 price target. DNR's asset base could offer attractive, long term oil growth.

Entergy

(ETR) - Get Report

downgraded at Citi to Hold from Buy on as quark spreads are down. Price target cut to $78 from $87.

Express

(EXPR) - Get Report

rated new Buy at Goldman Sachs. $20 price target. Process improvements should improve margins.

Express

(EXPR) - Get Report

initiated at BofA/Merrill with a Buy rating and $20 price target. Expects positive comps and better than expected margin expansion.

Express

(EXPR) - Get Report

rated new Buy at UBS with a $22 price target. Company has multiple potential growth drivers and can drive market share gains.

FMC Technologies

(FTI) - Get Report

upgraded at Citi to Buy from Hold on improved valuation and solid outlook intact. Price target lowered to $69 from $77.

Lincare

(LNCR)

upgraded at Deutsche from Hold to Buy. Pullback has created an attractive buying opportunity and the new dividend is a key positive sign from management. $37 price target.

Synovus Financial

(SNV) - Get Report

TST Recommends

rated new Neutral at Goldman. $3 price target. Company holds value, but the turnaround is well down the road.

STOCK COMMENTS / EPS CHANGES

Alcoa

(AA) - Get Report

estimates, target lowered at Goldman. Shares of AA now seen reaching $14. Estimates also cut, because of lower expected aluminum prices. Neutral rating.

Accenture

(ACN) - Get Report

target, estimates trimmed at Barclays. ACN price target dropped to $48 from $52 on foreign exchange concerns. 2010 and 2011 EPS estimates sunk to $2.61 and $2.97, respectively. Overweight rating.

Bed Bath & Beyond

(BBBY) - Get Report

forecast higher at Credit Suisse through 2012. BBBY showing strong results. Maintain Neutral rating and $50 price target.

Dollar Tree

(DLTR) - Get Report

numbers boosted at Goldman through 2012. Buyback should add to earnings. Neutral rating and new $71 price target.

Lamar Advertising

(LAMR) - Get Report

target cut at Morgan Stanley. Shares of LAMR now seen reaching $36. Advertising in Gulf markets could remain slow. Equal-weight rating.

Lorillard

(LO)

estimates reduced at Morgan Stanley through 2012. New excise tax in NY could hurt sales volumes. Overweight rating and $88 price target.

Patriot Coal

(PCX)

numbers lowered at UBS. Shares of PCX now seen reaching $28. Estimates also cut, given the permanent closure of the Harris mine. Buy rating.

Sonic

(SONC)

target, estimates lowered at Barclays. SONC price target cut by a dollar to $9 on disappointing 3Q10 results. Estimates lowered through 2011.

AT&T

(T) - Get Report

estimates cut at Barclays. T 2010 and 2011 EPS estimates trimmed to $2.07 and $2.55, respectively. VZ iPhone coming in early 2011. Equal Weight rating.

Verizon

(VZ) - Get Report

estimates lower at Barclays. VZ 2010 and 2011 EPS estimates reduced to $2.12 and $2.28, respectively. VZ iPhone more likely in early 2011. Equal Weight rating.

This article was written by a staff member of TheStreet.com.