Hormel: Analysts' Upgrades, Downgrades
Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (
) --
CHANGE IN RATINGS
Bemis
(BMS) - Get Report
was initiated with a Neutral rating at Goldman Sachs. $35 price target.
Ball
(BLL) - Get Report
and
Crown Holdings
(CCK) - Get Report
offer better upside potential, Goldman said.
Campbell Soup
(CPB) - Get Report
was downgraded at Barclays to Equal Weight from Overweight following disappointing earnings. Price target cut to $33 from $38.
Hormel Foods
(HRL) - Get Report
was downgraded from Hold to Sell at Soleil Securities. Valuation call, based on a $43 price target.
Lennox
(LII) - Get Report
was initiated with a Market Perform rating at Wells Fargo. Uneven residential demand will weigh on a recovery in HVAC demand, Wells Fargo said.
M&T Bank
(MTB) - Get Report
was initiated with a Market Perform rating at BMO Capital. $85 price target. Stock already trades at a premium to its peers, BMO Capital said.
Rovi
(ROVI)
was downgraded from Overweight to Neutral at JP Morgan. Valuation call, as the stock is up 70% year-to-date, JP Morgan said.
Spectra Energy
(SEP)
was upgraded at UBS from Sell to Neutral. Valuation call, based on a $34 price target, UBS said.
Synopsys
(SNPS) - Get Report
was upgraded at JP Morgan from Neutral to Overweight. Higher bookings should drive better cash flow growth in 2011, JP Morgan said.
Watsco
(WSO) - Get Report
was downgraded to Equal-weight at Morgan Stanley. $63 price target. Stock is already pricing in better Carrier results.
This article was written by a staff member of TheStreet.
