Change In Ratings
target price cut at Deutsche Bank to $105 from $110 following slight quarterly miss. Maintained hold rating.
Chipotle upgraded at Baird from neutral to outperform with a $140 price target. Would use post-earnings weakness as a buying opportunity. Upward bias to 2008 expectations.
initiated at Jefferies with a buy rating. Price target starts at $58 and fiscal-year 2008 EPS estimates begin at $3.15.
upgraded at UBS to buy rating from neutral. However, price target dips to $153 from $165 and fiscal-year 2008 EPS estimates hold at $5.45.
upgraded at UBS to buy from neutral. Price target and fiscal-year 2008 EPS estimates hold at $64 and $5.45, respectively.
downgraded at Weisel from overweight to market-weight. Pipeline visibility has decreased, and revenue growth is slowing for the third straight year. Estimates also cut. $65 price target.
upgraded at UBS to a buy rating from neutral. Price target lifts to $25 from $24 and fiscal-year 2008 EPS estimates upped to $1.77 from $1.71.
upgraded at UBS to a buy rating from neutral. Price target holds at $48 while fiscal-year 2008 EPS estimates lift to $2.62 from $2.60.
upgraded at Oppenheimer from perform to outperform. Company has high margins and generates consistent cash flow. $54 price target.
Stock Comments/EPS Changes
( AW) estimates raised at Deutsche Bank by 2 cents to 93 cents a share to reflect new guidance. Maintained buy rating.
target price cut at Goldman to $28 from $32. See increasing concerns over deteriorating macro environment and materials costs. Although fourth-quarter earnings came in ahead of expectations, raw materials prices are tracking almost 10% higher already this year. Maintained neutral rating.
estimates cut at Deutsche Bank to $4.50 a share to reflect inclusion of Trane into earnings model. Maintained buy rating.
This article was written by a staff member of TheStreet.com Ratings.