Skip to main content
Publish date:

Friday's Analysts' Upgrades and Downgrades

Who made what calls.


HB Fuller

(FUL) - Get H.B. Fuller Company Report

upgraded at JP Morgan:FUL was upgraded from Neutral to Overweight, JP Morgan said. Valuation appears attractive, based on the company's high free cash flow. Company also highly leveraged to lower raw materials pricing.


(INWK) - Get InnerWorkings, Inc. Report

downgraded at Morgan Stanley: Morgan Stanley downgrades Innerworkings from overweight to equalweight with a $16 price target.

Investment Tech. Group


upgraded at JP Morgan: ITG was upgraded from Neutral to Overweight, JP Morgan said. Recent pullback creates an opportunity, as the company should continue to gain market share in 2007.

Lifepoint Hospitals


downgraded at Citigroup: LPNT was downgraded from Buy to Hold, Citigroup said. $40 price target. New analyst believes the company continues to struggle integrating the Province Healthcare purchase.

Mellon Financial


upgraded at Prudential: Prudential said it is upgrading MEL to an Overweight rating to reflect targeted margin improvement and structural improvements.


TheStreet Recommends

(MRVL) - Get Marvell Technology, Inc. Report

target lowered at Goldman: Goldman said it is cutting its target on MRVL to $23 from $24 after company reported Q3 results inline with previous guidance. Business momentum remains weak, but see Q4 as last poor quarter, with several drivers ramping in following quarters. Maintained Buy rating.


(MRVL) - Get Marvell Technology, Inc. Report

downgraded at Prudential: Prudential said it is downgrading MRVL to an Underweight rating due to unfavorable risk-reward following quarter.


(SANM) - Get Sanmina Corporation Report

numbers lowered at Jefferies: SANM estimates lowered at Jefferies. Lowers 2007 EPS estimates from $0.36 to $0.24 and 2008 drops from $0.44 to $0.32. Reiterating hold.

Tetra Tech

(TTEK) - Get Tetra Tech, Inc. Report

estimates raised: TTEK CY07 revenue estimate and price target raised at Jefferies. Revenue goes to $958.6 from $953.9. Price target lifts to $23.00 from $21.00. Reiterating buy.

Wynn Resorts

(WYNN) - Get Wynn Resorts, Limited Report

downgraded at Citigroup: WYNN was downgraded from Buy to Hold, Citigroup said. Valuation call, as the stock is up 73% year-to-date. $89 price target.


(XLNX) - Get Xilinx, Inc. Report

downgraded at Bear Stearns: Bear Stearns downgrades Xilinx to peer perform from outperform due to the belief that the shares are fully valued at this level.



upgraded at Oppenheimer: Oppenheimer upgrades Yahoo! from neutral to buy and establishes a $32 12 month price target. Company believes Yahoo's outlook will improve considerably over the next year.



(ADSK) - Get Autodesk, Inc. Report

price target raised at Jefferies: ADSK price target goes to $43 from $40. Raises FY08 EPS to $1.85 from $1.82. Introduces FY09 EPS of $2.15. Buy rating reiterated.

Brady Corp

(BRC) - Get Brady Corporation Class A Report

revenue estimates raised: BRC revenue estimates raised by Jefferies. 2007 estimates upped to $1,304.2m from $1,261. 2008 estimates upped to $1,437.9 from $1,389.0. Reiterating hold.

Foot Locker

(FL) - Get Foot Locker, Inc. Report

numbers raised at Jefferies: FL target upped to $28 from $26.50. FY07 estimates bumped up to $1.77 from $1.73. Buy rating reiterated.


(GPS) - Get Gap, Inc. Report

price target lowered at Jefferies: GPS price target lowered to $16.25 from $19.50 on downward EPS guidance by management. Reiterating hold.


(HPQ) - Get HP Inc. Report

estimates raised at Prudential: Prudential said it is raising its 2007 estimates on HPQ by 16 cents to $2.43 a share following strong quarterly results and forward guidance. Maintained Underweight rating.



target raised at Goldman: Price target on LTD increased to $32 from $28, Goldman said. See favorable position for holiday season and positive acquisition of La Senza, a Canadian intimate apparel company. Maintained Neutral rating.

Marvell Tech

(MRVL) - Get Marvell Technology, Inc. Report

estimates lowered at Jefferies: Jefferies lowers FY07 and FY08 EPS estimates for MRVL. Estimates for FY07 drop to $0.60 from $0.69 and FY08 drops to $0.56 from $0.70. Reiterating buy.



estimates lowered at Jefferies: MSCC estimates lowered at Jefferies. 2007 EPS estimate drops to $1.14 from $1.29 and revenue estimates drop to 442.5m from 447.9m. Reiterating hold.



numbers lowered at Jefferies:Pantry price target and estimates lowered to $48 from $53 and $2.90 from $3.25 on disappointing guidance. Reiterating hold.



price target lowered at Goldman: Goldman says it is cutting its target on SHLD to $184 from $188 after company missed Q3 estimates. Downside driven by weak gross margins and -4.8% apparel comps. Maintained Neutral rating.