First Solar: Analysts' Upgrades, Downgrades
NEW YORK (
) --
CHANGE IN RATINGS
AutoZone
(AZO) - Get AutoZone Inc. Report
downgraded at Credit Suisse to Neutral from Buy at Credit Suisse. Simply a relative valuation call, we do not envision downside, the analyst said. Price target lowered to $198 from $205.
Brown & Brown
(BRO) - Get Brown & Brown Inc. Report
upgraded at Citi to Buy from Neutral as the company should benefit from economic recovery and it's levered to hurricane exposure in Florida.
CH Robinson
(CHRW) - Get C.H. Robinson Worldwide Inc. Report
upgraded at Baird from Neutral to Outperform. $67 price target. Gross margins should bounce back after the third quarter and the company can continue to take market share.
Crane
(CR) - Get Crane Holdings Co. Report
upgraded at Keybanc from Hold to Buy. $39 price target. Pullback has created a buying opportunity, as end-markets are improving.
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Navistar
(NAV) - Get Navistar International Corporation Report
upgraded at UBS from Neutral to Buy. Sentiment is improving, regarding the company's engines.
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Paccar
(PCAR) - Get PACCAR Inc. Report
upgraded at UBS from Sell to Neutral. Valuation call, as trucker preference is improving for the company's engines.
PNM Resources
(PNM) - Get PNM Resources Inc. (Holding Co.) Report
downgraded at Soleil from Buy to Hold. $11.75 price target. Company is facing challenging rates in New Mexico.
Willis Group Holdings
(WSH)
upgraded at Citi to Buy from Neutral on more leverage to a U.S. recovery. Compensation charges should drive better growth than peers.
STOCK COMMENTS / EPS CHANGES
Amerisource Bergen
(ABC) - Get AmerisourceBergen Corporation Report
target upped at Goldman. ABC target was boosted to $39. Company is a solid defensive play and can continue to move higher. Buy rating.
Amazon
(AMZN) - Get Amazon.com Inc. Report
price target lower at Barclays. AMZN price target trimmed to $155 from $165 on stronger dollar. 2010 and 2011 EPS estimates cut to $2.80 and $3.62, respectively. Maintain Overweight rating.
Ciena
(CIEN) - Get Ciena Corporation Report
price target cut at Credit Suisse to $23 from $26. CIEN is well-positioned to address wireless backhaul upgrades and optical upgrade cycle. Reiterate Outperform rating.
Chipotle
(CMG) - Get Chipotle Mexican Grill Inc. Report
target increased at Argus. Shares of CMG now seen reaching $170. Company has cost leverage and should be able to keep expanding its operating margin. Buy rating.
Coach
(COH)
target raised at Morgan Stanley to $48. Channel checks suggest that sales and gross margin should trend higher. Overweight rating.
eBay
target, estimates tweaked at Barclays. EBAY price target lowered by a dollar to $25 on stronger dollar. 2010 and 2011 EPS estimates decreased to $1.61 and $1.73, respectively. Reiterate Equal Weight rating.
Expedia
(EXPE) - Get Expedia Group Inc. Report
price target lower at Barclays by a dollar to $26 on stronger dollar. Maintain Equal Weight rating.
First Solar
(FSLR) - Get First Solar Inc. Report
numbers lowered at Morgan Stanley through 2012. Earnings will be hurt by currency exposure. Overweight rating and new $145 price target.
Harley-Davidson
(HOG) - Get Harley-Davidson Inc. Report
numbers cut at UBS. Shares of HOG now seen reaching $28.80. Estimates also lowered, as the company is seeing lower domestic retail sales. Neutral rating.
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McKesson
(MCK) - Get McKesson Corporation Report
target boosted at Goldman. Shares of MCK now seen reaching $86. Sector should continue to see positive sentiment. Buy rating.
Owens Illinois
(OI) - Get O-I Glass Inc. Report
price target lower at Citi to $38 from $44. Confident management can drive longer-term growth through effective capital deployment, Citigroup said. Reiterate Buy rating.
This article was written by a staff member of TheStreet.com.
