Halliburton: Analysts' Upgrades, Downgrades
Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (
) --
CHANGE IN RATINGS
Anworth Mortgage Asset Corp
(ANH) - Get Report
downgraded at Credit Suisse to Neutral from Outperform. Low spread drives third-quarter miss, Barclays said. Price target trimmed by a dollar to $7.
Rockwell Collins
(COL)
downgraded at RBC from Outperform to Sector Perform, RBC Capital said. $64 price target.
CapitalSource
(CSE)
upgraded at Citi to Buy from Hold. Bank strategy gaining momentum and credit tail risk continues to decline, Citigroup said. Price target raised to $8 from $6.
Estee Lauder
(EL) - Get Report
target, estimates boosted at BofA/Merrill. EL price target increased to $75 from $71. 2010 and 2011 EPS estimates jumped to $3.25 and $3.70, respectively. Numbers improve on strong sales, margins and outlook, Bank of America/Merrill Lynch said Maintain Neutral rating.
Estee Lauder
(EL) - Get Report
downgraded at Piper from Overweight to Neutral, Piper Jaffray said. $78 price target. Estimates also cut, to match the company's new guidance.
Gilead Sciences
(GILD) - Get Report
upgraded at RBC to Outperform. $48 price target. Company is bolstering its core growth through acquisitions.
Halliburton
(HAL) - Get Report
upgraded at Oppenheimer from Perform to Outperform, Oppenheimer said. $42 price target. Stock has pulled back in the past month, and the company should have limited liability to Macondo.
Healthspring
( HS) upgraded at BMO
to Market Perform, BMO Capital Markets said. $32 price target. Political momentum is softening for Medicare.
Manitowoc
(MTW) - Get Report
downgraded at Sterne Agee from Buy to Neutral. Valuation call, based on a $12 price target.
Paccar
(PCAR) - Get Report
upgraded at BofA/Merrill to Buy from Underperform on excellent execution, Bank of America/Merrill Lynch said. Price target raised to $62.
Schlumberger
(SLB) - Get Report
downgraded at Oppenheimer from Outperform to Perform, Oppenheimer said. Valuation call, as HAL appears more attractive at current levels.
Watts Water
(WTS) - Get Report
downgraded at Piper from Overweight to Neutral, Piper Jaffray said. Valuation call, based on a $39 price target.
This article was written by a staff member of TheStreet.
