Publish date:

Goldman Sachs: Analysts' Upgrades, Downgrades

Goldman Sachs price target trimmed at Credit Suisse to $225 from $235 on challenging market conditions.
Author:

NEW YORK (

TheStreet

) --

CHANGE IN RATINGS

Amazon.com

(AMZN) - Get Report

initiated at Thomas Weisel with a Market Weight rating and $135 price target. Amazon has 12% of total e-commerce market share in the United States.

DryShips

(DRYS) - Get Report

downgraded at Credit Suisse to Neutral from Outperform as

near term uncertainty should continue to serve as headwind for the stock

. Price target cut to $5 from $8.

First Solar

(FSLR) - Get Report

upgraded at Credit Suisse to Outperform from Neutral as upside in pricing in Q2/Q3 is not reflected in share price. Price target surged to $150 from $110.20.

Greenhill & Co

(GHL) - Get Report

price target cut at Credit Suisse. GHL price target dropped to $65from $75 on weaker M&A activity. Maintain Neutral rating.

Micron

(MU) - Get Report

coverage assumed at Goldman. MU assumed with a Buy rating as margin expansion should drive stock performance. $12 price target.

STEC

(STEC)

initiated at Goldman. STEC coverage initiated with a Neutral rating and $11 price target. High customer concentration and slow SSD adoption are reasons for Neutral rating.

Sunoco

(SUN) - Get Report

price target lifted at Goldman to $30 from $27. Restructuring continues, but East Coast refining remains challenged. Reiterate Neutral rating.

Sunoco

TST Recommends

(SUN) - Get Report

upgraded at Barclays to Overweight from Equal Weight as management announced its plan to spin off its coke business. Price target jumped to $45 from $35.

STOCK COMMENTS / EPS CHANGES

Franklin Resources

(BEN) - Get Report

target, estimates lower at Barclays. BEN price target cut to $125 from $132. Estimates reduced through 2011. Maintain Overweight rating.

FedEx

(FDX) - Get Report

target, estimates lower at Goldman. FDX estimates lowered through 2013. Price target sunk to $97 from $102. Strong underlying trends, pullback makes stock more interesting.

Goldman Sachs

(GS) - Get Report

price target trimmed at Credit Suisse to $225 from $235 on challenging market conditions.

Reiterate Outperform rating

.

Lazard

(LAZ) - Get Report

price target lower at Credit Suisse. LAZ price target trimmed to $35 from $38 on more tepid M&A recovery. Maintain Neutral rating.

Nokia

(NOK) - Get Report

price target cut at Barclays to $10 from $12 on lower guidance.

Estimates lower through 2011

. Maintain Equal Weight rating.

Browse Top Rated Stocks by Industry>>

PPG Industries

(PPG) - Get Report

price target raised at Barclays to $82 from $80 as the company preannounced strong 2Q10 results. Maintain Overweight rating.

Steel Dynamics

(STLD) - Get Report

price target lower at Goldman. STLD price target trimmed to $20 from $22 on lower scrap prices. Maintain Buy rating.

This article was written by a staff member of TheStreet.com.