Intel: Analysts' Upgrades, Downgrades
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Cree
(CREE) - Get Cree, Inc. Report
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 salesforce.com, inc. 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
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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 Las Vegas Sands Corp. 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.
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McDonald's
(MCD) - Get McDonald's Corporation 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 Mosaic Company Report
downgraded at Goldman from Buy to Neutral. Nutrient pricing appears to have lost momentum. $64 price target.
Penn National
(PENN) - Get Penn National Gaming, Inc. 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 Red Hat, Inc. 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 Wynn Resorts, Limited 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 Apple Inc. 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 Abbott Laboratories 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 CSX Corporation 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 CSX Corporation 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 Hanesbrands Inc. 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 Home Depot, Inc. 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 Intel Corporation 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 Intel Corporation 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 Intel Corporation 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 Southwestern Energy Company 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 WESCO International, Inc. 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 United States Steel Corporation 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.
