JDS Uniphase: Upgrades, Downgrades
NEW YORK (TheStreet) -- CHANGE IN RATINGS
CBOE Holdings
(CBOE) - Get Report
rated new Neutral at BofA/Merrill Lynch. $26 price target.
Cree
(CREE) - Get Report
rated new Overweight at Morgan Stanley. $75 price target. Company is a leader in the growing LED market and the stock is 34% below its recent highs.
Salesforce.com
(CRM) - Get Report
downgraded at ThinkEquity from Buy to Hold. New analyst has a $115 price target.
Heico
(HEI) - Get Report
upgraded at Stifel from Hold to Buy. $42 price target. Company has strong operating momentum and should benefit from increased global air travel.
Medtronic
(MDT) - Get Report
downgraded at UBS from Buy to Neutral. $33 price target. Estimates also cut, to match the company's new guidance.
Nasdaq OMX
downgraded at Morgan Stanley from Overweight to Equal-weight. $22 price target. Company is facing lower trading volume.
Paychex
(PAYX) - Get Report
upgraded at Deutsche from Sell to Hold. Valuation call, based on a $25 price target.
Charles Schwab
(SCHW) - Get Report
downgraded at Morgan Stanley from Overweight to Equal-weight. $15 price target. Company will be hurt by lower interest rates.
Smart Technologies
(SMT)
rated new Buy at BofA/Merrill Lynch. $16.50 price target. Company has nearly half of the IWB market, which should continue to grow.
STOCK COMMENTS / EPS CHANGES
Accenture
(ACN) - Get Report
target lowered at Kaufman to $34. Company faces the potential for sluggish growth and price deflation. Sell rating.
American Eagle
(AEO) - Get Report
estimates lowered at Susquehanna through 2011. Company lowered its guidance, given slower sales. Positive rating and $16 price target.
American Eagle
(AEO) - Get Report
estimates increased at UBS through 2012. Management is more focused on increasing operating efficiency. Neutral rating and $13.50 price target.
TD Ameritrade
(AMTD) - Get Report
estimates, target reduced at Morgan Stanley. AMTD estimates were cut through 2012. Company will be hurt by lower interest rates. Overweight rating and new $25 price target.
Burger King
(BKC)
numbers reduced at Credit Suisse. Shares of BKC now seen reaching $19. Estimates also lowered, given the company's lower sales and margin outlook. Neutral rating.
Rockwell Collins
(COL)
numbers boosted at Citigroup. Shares of COL now seen reaching $62. Estimates also upped, given a better outlook for commercial systems. Hold rating.
Dollar General
(DG) - Get Report
target lowered at ThinkEquity to $30, ThinkEquity said. Company faces difficult growth comps. Hold rating.
Guess
(GES) - Get Report
estimates, target lowered at Piper. Shares of GES now seen reaching $49. Estimates also cut, given a more moderate retail sales outlook. Overweight rating.
Jo-Ann Stores
( JAS) estimates raised at Keybanc through 2011. Company is seeing better demand for crafts and fabric. Buy rating and $50 price target.
JDS Uniphase
(JDSU)
estimates raised at Citigroup through 2012. Company is realizing a higher operating margin. Buy rating and $17.50 price target.
NYSE Euronext
(NYX)
estimates cut at Morgan Stanley through 2012. Company likely to face lower US equity volumes. Equal-weight rating and $36 price target.
Semtech
(SMTC) - Get Report
estimates, target upped at Citigroup. SMTC estimates were boosted through 2012. Company is keeping costs down and seeing better sales growth. Hold rating and new $21 price target.
Warnaco
(WRC)
estimates increased at BofA/Merrill. WRC estimates were raised through 2012. Company is seeing better sales, which is driving margin expansion. Buy rating.
This article was written by a staff member of TheStreet.
