Skip to main content
Publish date:

Friday's Analysts' Upgrades and Downgrades

Who made what calls.
Author:

CHANGE IN RATINGS

Altera

(ALTR) - Get Altair Engineering Inc. Class A Report

downgraded at Bear: ALTR was downgraded from Outperform to Peer Perform, Bear Stearns said. Demand falling from basestation and industrial customers. Slower design wins should carry decline into 2007. Estimates also cut.

Fed Ex, UPS

initiated at Morgan Stanley: Morgan Stanley initiates Fed Ex with an overweight rating, and UPS with an equalweight rating.

Genworth

(GNW) - Get Genworth Financial, Inc. Class A Report

downgraded at Merrill: GNW was downgraded from Buy to Neutral, Merrill Lynch said. Valuation call, but estimates are also coming down because of international mortgage insurance and long-term care.

Varian Semiconductor

(VSEA)

downgraded at JP Morgan: VSEA was downgraded from Overweight to Neutral, JP Morgan said. Stock also removed from the focus list, because of valuation. VSEA is up 51% since last November, compared with little change in the SOX index.

Yahoo!

(YHOO)

downgraded at Weisel: YHOO was downgraded to Peer Perform, Thomas Weisel said. Company has great future expectations, though the company could struggle to meet short- and medium-term growth targets.

TheStreet Recommends

Yum Brands

(YUM) - Get Yum! Brands, Inc. Report

downgraded at JP Morgan: YUM was downgraded from Overweight to Neutral, JP Morgan said. Stock has run up 31% since posting second quarter earnings. Weaker US results have been offset by International growth.

STOCK COMMENTS / EPS CHANGES

Cypress Semiconductor

(CY) - Get Cypress Semiconductor Corporation Report

target price raised at Piper: Piper is raising its target price on CY from $18 to $22 to reflect higher target multiple. Maintained Outperform rating.

GameStop

(GME) - Get GameStop Corp. Class A Report

target price raised at Credit Suisse: Credit Suisse said it is raising its target price on GME to $55 from $52. Says next generation of games is near. Maintained Outperform rating.

Harley-Davidson

(HOG) - Get Harley-Davidson, Inc. Report

target raised at Piper: Piper is raising its target price on HOG to $66 following solid quarterly results. Maintained Market Perform rating.

YUM

(YUM) - Get Yum! Brands, Inc. Report

numbers raised at Morgan Stanley: Morgan Stanley raises 2006-2008 EPS estimates for YUM, as well as increasing its price target from $50 to $60. Maintain equal-weight rating.