Intel: Analysts' Upgrades, Downgrades

Intel target, estimates boosted at Barclays, UBS and FBR Capital Markets.

Author:: TSC Staff
Publish date:: Apr 14, 2010 11:24 AM EDT

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Cree

upgraded at Morgan Joseph from Hold to Buy. $100 price target. Expect the company to post strong quarterly results, driven by LED sales.

Salesforce.com

(CRM) - Get Report

upgraded at Janney from Neutral to Buy. $94 price target. SaaS migration should continue over the next decade and the company can deliver 20%-plus bookings growth for several years.

Dendreon

(DNDN)

downgraded at Citigroup from Buy to Hold. $40 price target. Valuation call, as Provenge approval could face delays.

Forest City

(FCE.A)

upgraded at Goldman. FCE.A was upgraded from Neutral to Buy. $20 price target. Company is leveraged to improving credit trends and commercial real estate fundamentals.

Las Vegas Sands

(LVS) - Get Report

rated new Equal-weight at Morgan Stanley. LVS was initiated with an Equal-weight rating. $25 price target. Stock is already up 62% year-to-date, but management should continue to execute on its strategy.

McDonald's

(MCD) - Get Report

upgraded at Janney from Neutral to Buy. $75 price target. Expect U.S. same-store sales to begin improving in May.

Mosaic

(MOS) - Get Report

downgraded at Goldman from Buy to Neutral. Nutrient pricing appears to have lost momentum. $64 price target.

Penn National

(PENN) - Get Report

rated new Overweight at Morgan Stanley. $35 price target. Company is attractively valued at its Columbus project should drive growth.

Protective Life

(PL)

upgraded at UBS from Neutral to Buy. $31 price target. Company has excess capital and an acquisition could potentially boost returns.

Potash

(POT)

downgraded at Goldman from Buy to Neutral. Stock was also cut from the Conviction List. $123 price target. Channel checks show that pricing has stalled.

Red Hat

(RHT) - Get Report

upgraded at Oppenheimer from Perform to Outperform. $40 price target. Company is seeing higher demand for its middleware and Advanced Platform offerings.

Sigma-Aldrich

(SIAL)

upgraded at UBS from Neutral to Buy. $68 price target. Company can deliver sustainable organic revenue growth and has operating and financial leverage potential.

Tellabs

(TLAB)

upgraded at UBS from Neutral to Buy. $10 price target. Estimates also raised, as the company should see higher legacy mobile spending.

Time Warner

(TWX)

downgraded at Morgan Stanley from Overweight to Equal-weight. $37 price target. Stock is starting to price in share repurchase and dividend growth potential.

United Stationers

(USTR)

rated new Market Perform at FBR Capital Markets. $52 price target. Company is gaining market share, but faces difficult comparisons.

Wynn Resorts

(WYNN) - Get Report

rated new Equal-weight at Morgan Stanley. $89 price target. Stock is already up 49% year-to-date, though the company should continue to grow in Macau.

STOCK COMMENTS / EPS CHANGES

Apple

(AAPL) - Get Report

estimates increased at Morgan Stanley through 2012. Company will likely ship more iPads in the first year than widely expected. Overweight rating and $250 price target.

Abbott Laboratories

(ABT) - Get Report

estimates raised at Morgan Stanley through 2012. Company can boost EBIT margins across the board. Overweight rating and $63 price target.

CSX

(CSX) - Get Report

target, estimates higher at Barclays. CSX price target improved to $59 from $57 after strong 1Q10 numbers. 2010 and 2011 EPS estimates increased to $3.30 and $3.95, respectively. Equal Weight rating.

CSX

(CSX) - Get Report

estimates, target raised at FBR. CSX estimates were increased through 2011. Company is seeing better yields and costs. Outperform rating and new $66 price target.

Hanesbrands

(HBI) - Get Report

estimates, target increased at FBR. Shares of HBI now seen reaching $32. Estimates also raised, following positive channel checks. Outperform rating.

Home Depot

(HD) - Get Report

price target raised at Barclays. HD price target increased to $34 from $32 after positive investor meeting with management. 2011 and 2012 EPS estimates held at $1.81 and $2.15, respectively. Overweight rating.

Intel

(INTC) - Get Report

target, estimates boosted at Barclays. INTC price target raised to $27 from $25 on robust 1Q10. 2010 and 2011 EPS estimates lifted to $1.88 and $2.02, respectively. Overweight rating.

Intel

(INTC) - Get Report

estimates, target boosted at UBS. Shares of INTC now seen reaching $32.50. Estimates also raised, to match the company's new guidance. Buy rating.

Intel

(INTC) - Get Report

estimates, target raised at FBR Capital Markets.Shares of INTC now seen reaching $30. Estimates also boosted, as the company is seeing higher PC demand. Market Perform rating.

Linear Technology

(LLTC)

numbers upped at FBR through 2011. Company boosted guidance, following blowout first-quarter results. Underperform rating and new $33 price target.

NY Community Bancorp

(NYB)

numbers boosted at FBR. Shares of NYB now seen reaching $20. Estimates also upped, because of higher expected net interest income.

Southwestern Energy

(SWN) - Get Report

target, estimate lower at Barclays. SWN price target sunk to $50 from $58 to reflect new commodities price deck. 2010 EPS estimate lowered to $1.15, 2011 set at $0.90. Overweight rating.

Wesco International

(WCC) - Get Report

target boosted at UBS. WCC target was upped to $43. Company should deliver strong earnings, as industrial markets are improving. Buy rating.

Warner Chilcott

(WCRX)

numbers raised at UBS. WCRX estimates were increased through 2011. Company should deliver above-consensus earnings. Buy rating and new $36 price target.

U.S. Steel

(X) - Get Report

target boosted at Deutsche Bank. Shares of X now seen reaching $73. Steel prices are likely to move higher, and the company should benefit from sourcing some of its raw materials. Buy rating.

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