Change in Ratings
downgraded at Goldman Sachs to neutral from buy based on recent stock price performance. Shares are up 13% since Feb. 11. See 21% upside to six-month target price of $35.
upgraded at Citigroup to a buy rating as share price reflects potential guidance cut and stock has bigger potential reward than
upgraded at UBS to buy from neutral. Maintains 2008 EPS estimates of $1.36 and $57 price target.
( OMTR) upgraded at Baird to an outperform rating as stock has pulled back and modest slowdown in marketing spending already been reflected in stock price.
( PCU) coverage initiated at JPMorgan with an underweight rating based on valuation. Note relative valuation vs. Latin American Metals peers, especially on EBITDA basis. Price target at $91.
( UCBH) Holdings downgraded at FBR to a market perform rating due to increased uncertainty as long-time auditor PWC has departed.
upgraded at Jefferies to buy from hold. 2008 EPS estimates raised to 76 cents from 72 cents. Maintains $30 price target.
Stock Comments/EPS Changes
2008 EPS lowered at UBS to $4.16 from $4.20. Price target lowered to $49 from $52. Reiterates neutral rating.
Central European Distribution
( CEDC) 2008 EPS estimates raised at Jefferies to $2.30 from $2.15. Reiterates buy rating and $66 price target.
Cabot Oil & Gas
2008 EPS estimates raised at Jefferies to $2.16 from $1.78. Reiterates buy rating and $63 price target.
target raised at Deutsche Bank to $31 as year-end reserves beat estimates. Maintained hold rating.
Marshall & Ilsley
( MI) estimates cut at Deutsche Bank to $2.20 a share to reflect increased loan losses. Maintained hold rating.
price target lowered at Jefferies to $63 from $68. 2008 EPS estimates lowered to $1.59 from $1.70. Reiterates buy rating.
estimates cut at Deutsche Bank to $2.75 a share due to concerns over real estate-related losses. Maintained hold rating.
This article was written by a staff member of TheStreet.com Ratings.