Google: Analysts' Upgrades, Downgrades
NEW YORK (TheStreet) -- CHANGE IN RATINGS
AthenaHealth
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upgraded at Deutsche from Hold to Buy. Company has completed its accounting review and has a strong long-term growth outlook. $51 price target.
BlackRock
(BLK) - Get BlackRock Inc. Report
upgraded at Credit Suisse to Outperform from Neutral on valuation and expected stronger earnings. Price target lifted to $280. 2010 and 2011 EPS estimates raised to $11.36 and $13.50, respectively.
Cummins
(CMI) - Get Cummins Inc. Report
upgraded at Sterne Agee from Neutral to Buy. $79 price target. Company had an upbeat analyst meeting and should begin returning more cash to investors.
Citrix Systems
(CTXS) - Get Citrix Systems Inc. Report
upgraded at Goldman from Sell to Neutral. Stock also removed from the Conviction List. Company will be a big winner from desktop virtualization. $52 price target.
Diamond Offshore
(DO) - Get Diamond Offshore Drilling Inc. Report
downgraded at Credit Suisse to Underperform from Neutral on rising rig-on-rig competition. Price target reduced to $79 from $86. 2010 and 2011 EPS estimates lowered to $8.25 and $7.30, respectively.
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Jack in the Box
(JACK) - Get Jack In The Box Inc. Report
upgraded at Goldman from Neutral to Buy. $27 price target. Estimates also raised, as margins are near a bottom.
STOCK COMMENTS / EPS CHANGES
Autodesk
(ADSK) - Get Autodesk Inc. Report
added to Conviction Buy List at Goldman Sachs. Company is in the early stages of operating margin improvement. $35 price target.
Albemarle
(ALB) - Get Albemarle Corporation Report
target, estimates boosted at BofA/Merrill. ALB price target raised to $48 from $42 on polymer additives and catalysts. Estimates increased through 2012. Maintain Buy rating.
TD Ameritrade
(AMTD) - Get AMTD IDEA Group American Depositary Shares each representing one Class A Report
estimates lowered at FBR through 2011. Company is seeing weaker trading activity. Outperform rating.
Abercrombie & Fitch
(ANF) - Get Abercrombie & Fitch Company Report
numbers boosted at Jesup & Lamont. Shares of ANF now seen reaching $55. Estimates also raised, because of higher sales. Buy rating.
Ariad Pharmaceuticals
(ARIA)
estimate changed at Barclays. ARIA 2010 EPS estimate introduced at -$0.57. Maintain Overweight rating and $7 price target.
BioMarin
(BMRN) - Get BioMarin Pharmaceutical Inc. Report
estimates, target boosted at UBS. Shares of BMRN now seen reaching $26. Estimates also raised, as GALNS data continues to come in positive. Buy rating.
Cummins
(CMI) - Get Cummins Inc. Report
target, estimates boosted at Barclays to $74 from $64 after positive analyst day. 2010 and 2011 EPS estimates raised to $2.50 and $4.25, respectively. Maintain Overweight rating.
Cummins
(CMI) - Get Cummins Inc. Report
cut from Conviction Buy List at Goldman. CMI was removed from the Conviction Buy List. Stock is up 39% since December, but should continue to benefit from new engine regulations. Buy rating and $68 price target.
Discover Financial
(DFS) - Get Discover Financial Services Report
estimate cut at Barclays. 2010 EPS estimate lowered to 50 cents following 1Q10 results. Maintain Overweight rating and $18 price target.
Emdeon
(EM)
estimates raised at UBS EM estimates were upped through 2011. Company winning new clearinghouse contracts. Buy rating and $22 price target.
(GOOG) - Get Alphabet Inc. Report
estimates increased at FBR. Its 2010 estimates were raised because of strength in the advertising market. Strong dollar is also helping the company. Outperform rating and $810 price target.
Goodrich
(GR)
estimates, target boosted at FBR. Shares of GR now seen reaching $80. Estimates also raised, because of improving industry fundamentals. Outperform rating.
Hartford Financial
(HIG) - Get Hartford Financial Services Group Inc. (The) Report
estimates cut at FBR through 2011. Company is selling new stock to pay back TARP. Market Perform rating and $29 price target.
Jacobs Engineering
(JEC) - Get Jacobs Engineering Group Inc. (J) Report
cut from Focus List at Goldman Sachs. Management believes that the award environment is becoming more positive. Sell rating and $35 price target.
Kimberly-Clark
(KMB) - Get Kimberly-Clark Corporation Report
target, estimates cut at BofA/Merrill. KMB price target reduced to $70 from $75 on higher pulp costs. 2010 and 2011 EPS estimates lowered to $4.80 and $5.23, respectively. Maintain Buy rating.
Microsoft
(MSFT) - Get Microsoft Corporation Report
estimates, target raised at Citigroup. Shares of MSFT now seen reaching, $32. Estimates also boosted, because of cost-cutting. Buy rating.
Virgin Media
(VMED)
target, estimates boosted at Credit Suisse. VMED price target lifted to $25 from $21. Good momentum for 2010. 2010 and 2011 EPS estimates raised to 17 cents and 60 cents, respectively. Maintain Outperform rating.
Williams Sonoma
(WSM) - Get Williams-Sonoma Inc. (DE) Report
estimates upped at Goldman through 2011. Company is seeing better sales across the board. Neutral rating and $26 price target.
This article was written by a staff member of TheStreet.com.
