Google: Analysts' Upgrades, Downgrades
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Allegheny Technologies (ATI) - Get Allegheny Technologies Incorporated Report downgraded at JP Morgan. Rating lowered to Underweight from Neutral. Maintains $34.50 price target and lowers 2009 EPS estimates of $0.15 from $0.21.
CACI Int'l.
(CACI) - Get CACI International Inc Class A Report
downgraded at BB&T to Hold. Valuation call, as earnings growth is slowing and likely will not rebound soon.
(GOOG) - Get Alphabet Inc. Class C Report
price target, estimates boosted at Barclays. Barclays inflated GOOG price target to $620 from $575. 2009 and 2010 EPS estimates raised to $22.81 from $22.11 and to $26.77 from $25.86, respectively. Reiterate Overweight rating.
(GOOG) - Get Alphabet Inc. Class C Report
estimates, target raised at FBR. Estimates were increased through 2010. Company should be able to sustain higher margins realized last quarter. Outperform rating and new $680 price target.
Kinder Morgan
(KMP)
downgraded at Morgan Stanley from Equal-weight to Underweight. $57 price target. Valuation call.
Liberty Capital
(LCAPA)
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downgraded at Citigroup from Buy to Hold. $24.50 price target. Valuation call, as the stock is up 88% since April.
Scientific Games
(SGMS) - Get Scientific Games Corporation Report
downgraded at JP Morgan. Rating lowered to Neutral from Overweight. Maintains $20 price target and 2009 EPS estimates of $0.69.
Terex
(TEX) - Get Terex Corporation Report
upgraded at Barclays to Overweight from Equal Weight on belief that margins and end markets will recover ahead of expectations. 2009 and 2010 EPS estimates set at -$1.15 and $0.15, respectively. Price target boosted from $14 to $30.
Walgreen
(WAG)
upgraded at UBS. Rating raised to Buy from Neutral. Price target raised to $46 from $32. Fiscal 2010 EPS estimates raised to $2.48 from $2.30.
Williams-Sonoma
(WSM) - Get Williams-Sonoma, Inc. Report
downgraded at Goldman from Buy to Neutral. Valuation call, based on a $24 price target.
STOCK COMMENTS / EPS CHANGES
American Eagle
(AEO) - Get American Eagle Outfitters, Inc. Report
estimates, target boosted at Goldman. Shares of AEO now seen reaching $15. Estimates also raised, to reflect improving industry sales. Sell rating.
American Eagle
(AEO) - Get American Eagle Outfitters, Inc. Report
target boosted to $24 at Friedman, Billings Ramsey. Company hosted an upbeat analyst meeting and the new fashion is living up to expectations. Outperform rating.
Advanced Micro
(AMD) - Get Advanced Micro Devices, Inc. Report
numbers raised at Citigroup to $8.50. Estimates also boosted, to reflect the company's gross margin improvement. Buy rating.
Advanced Micro
(AMD) - Get Advanced Micro Devices, Inc. Report
estimates boosted at FBR through 2010. Company is seeing better demand and growing margins, but guidance was muted. Market Perform rating and $6 price target.
Boeing
(BA) - Get Boeing Company Report
price target raised, estimates changed at Barclays to $57 from $46. 2009 and 2010 EPS estimates changed to $1.78 and $4.75, respectively. Reiterate Equal Weight rating.
Baxter
(BAX) - Get Baxter International Inc. Report
estimates, target cut at Goldman. Shares of BAX now seen reaching $65. Estimates were also lowered, to reflect a lower sales outlook. Neutral rating.
Citigroup
(C) - Get Citigroup Inc. Report
estimates, target raised at UBS. C estimates were boosted through 2010. Company continues to make progress and credit deterioration is slowing. Neutral rating and new $4.75 price target.
Citigroup
(C) - Get Citigroup Inc. Report
price target doubled to $6 from $3 at Barclays. 2009 and 2010 EPS estimates set at -$0.05 and $0.05, respectively. Maintain Overweigh rating.
Caterpillar
(CAT) - Get Caterpillar Inc. Report
price target increased at Barclays to $58 from $43 on stronger earnings power. Maintain 2009 EPS estimate at $1.45, 2010 raised to $1.75 from $1.60. Reiterate Equal Weight rating.
General Dynamics
(GD) - Get General Dynamics Corporation Report
price target boosted at Barclays to $78 from $62 ahead of 3Q results. Maintain 2009 and 2010 EPS estimates at $6.15 and $6.50, respectively. Reiterate Overweight rating.
(GOOG) - Get Alphabet Inc. Class C Report
estimates, target raised at Bernstein to $650. Estimates also boosted, to reflect accelerating revenue growth and cost cutting. Outperform rating.
Gap
estimates, target boosted at UBS. Shares now seen reaching $23. Estimates also raised, to reflect gross margin gains. Neutral rating.
Goldman Sachs
(GS) - Get Goldman Sachs Group, Inc. Report
numbers boosted at UBS through 2010. Company continues to use its strong balance sheet to drive growth. Buy rating and new $210 price target.
Goldman Sachs
(GS) - Get Goldman Sachs Group, Inc. Report
price target, estimates higher at Barclays. GS price target increased to $195 from $165. 2009 and 2010 EPS estimates raised to $18.56 from $17.54 and to $17.60 from $17.00, respectively. Maintain Equal Weight rating.
Int'l. Bus. Machines
(IBM) - Get International Business Machines Corporation Report
numbers boosted at Citigroup through 2011. Company is realizing higher margins and benefiting from a weaker dollar. Buy rating and new $141 price target.
Int'l. Bus. Machines
(IBM) - Get International Business Machines Corporation Report
estimates raised at Goldman through 2010. Company continues to grow in a difficult economy, aided by cost-cutting. Neutral rating.
Kohl's
(KSS) - Get Kohl's Corporation Report
target raised at Goldman to $65. Recent meeting with management confirms that the company is in a position to take market share. Buy rating.
Lender Processing
(LPS)
numbers boosted at Goldman to $48. Estimates also raised, to reflect higher foreclosure filings. Buy rating.
Marriott
(MAR) - Get Marriott International, Inc. Class A Report
estimates, target increased at Goldman. MAR estimates were raised through 2011. Company should benefit from an accounting change for timeshares. Buy rating and new $35 price target.
Regions Financial
(RF) - Get Regions Financial Corporation Report
estimates lowered at Citigroup through 2011. Company is likely to see higher credit losses. Hold rating and $5 price target.
State Street
(STT) - Get State Street Corporation Report
numbers boosted at Citigroup through 2011. Company should benefit from higher stock markets and a wider net interest margin. Buy rating and new $66 price target.
This article was written by a staff member of TheStreet.com.
