JPMorgan: Analysts' Upgrades, Downgrades
NEW YORK (TheStreet) -- CHANGE IN RATINGS
American Superconductor
(AMSC) - Get American Superconductor Corporation Report
upgraded at Deutsche from Hold to Buy. $38 price target. Company should offer bullish near-term guidance and help the stock reverse its recent underperformance.
Aruba Networks
(ARUN)
downgraded at BMO from Outperform to Market Perform. Stock is already up 30% year-to-date. $14 price target.
Cullen/Frost
(CFR) - Get Cullen/Frost Bankers, Inc. Report
rated new Market Perform at FBR Capital Markets. $58 price target. Company is positioned well, but trades at a premium to its peers.
Check Point
(CHKP) - Get Check Point Software Technologies Ltd. Report
rated new Equal-weight at Morgan Stanley. Company is a strong operator, but lacks significant catalysts until 2011.
Eaton Vance
(EV) - Get Eaton Vance Corp. Report
downgraded at Wells Fargo to Market Perform. Valuation call, as the stock has outperformed its peers since October.
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Global Payments
(GPN) - Get Global Payments Inc. Report
upgraded at Wells Fargo to Outperform. Risk/reward is more attractive, following the recent sell-off.
J.B. Hunt Transport
(JBHT) - Get J.B. Hunt Transport Services, Inc. Report
numbers raised at Goldman through 2012. Company is seeing better pricing trends. Neutral rating and new $40 price target.
J.B. Hunt Transport
(JBHT) - Get J.B. Hunt Transport Services, Inc. Report
upgraded at FBR from Market Perform to Outperform. $43 price target. Intermodal pricing cycle is likely bottoming.
Omnicom
(OMC) - Get Omnicom Group Inc Report
upgraded at Deutsche from Hold to Buy. $46 price target. Stock is not yet pricing in the company's long-term stability and returns.
Pride International
( PDE) upgraded at Morgan Stanley to Equal-weight. $40 price target. Deepwater fundamentals could improve over the next 6 months.
Progressive
(PGR) - Get Progressive Corporation Report
upgraded at Credit Suisse to Neutral from Underperform. Positive on the fundamentals of the personal auto industry. Price target jumped to $22 from $18. 2010 and 2011 EPS estimates set at $1.45 and $1.55, respectively.
Sybase
( SY) downgraded at Jefferies from Buy to Hold. $47 price target. Company is facing a transition year.
Terex
(TEX) - Get Terex Corporation Report
rated new Buy at Morgan Joseph. $32 price target. Sale of the mining business leaves a very profitable core operation.
>> Who Owns Terex?: Mohnish Pabrai
Tiffany
(TIF) - Get Tiffany & Co. Report
rated new Buy at Deutsche Bank. $58 price target. Company can double its store base in the U.S., Europe and Asia.
United Parcel
(UPS) - Get United Parcel Service, Inc. Class B Report
upgraded at Piper Jaffray. Rating raised to Overweight from Neutral. Price target raised to $79 from $64. 2010 EPS estimates raised to $3.15 from $2.79.
United Parcel
(UPS) - Get United Parcel Service, Inc. Class B Report
estimates, target boosted at Goldman. UPS estimates were increased through 2012. Company is seeing operating leverage through higher volumes. Buy rating and new $82 price target.
>> Who Owns UPS?: Wallace Weitz
Zions Bancorp
(ZION) - Get Zions Bancorporation, N.A. Report
upgraded at Suntrust from Neutral to Buy. $36 price target. Capital raise will not be as dilutive at current levels, which boosts potential normalized earnings.
STOCK COMMENTS / EPS CHANGES
CSX
(CSX) - Get CSX Corporation Report
estimates, target upped at Goldman. Shares of CSX now seen reaching $53. Company is realizing higher gross margins. Sell rating.
>> Who Owns CSX?: Bill and Melinda Gates
Gap
estimates, target raised at FBR. Shares of GPS now seen reaching $32. Estimates also increased, because of international growth potential. Outperform rating.
WW Grainger
(GWW) - Get W.W. Grainger, Inc. Report
target boosted at Oppenheimer to $130. Company raised guidance and the stock appears attractive, following a post-earnings sell-off. Outperform rating.
Juniper Networks
(JNPR) - Get Juniper Networks, Inc. Report
target, estimate higher at Barclays. JNPR price target increased to $37 from $33. Robust 1Q10 in both carrier and enterprises. 2010 EPS estimate raised to $1.34, 2011 held at $1.63. Overweight rating.
JPMorgan
(JPM) - Get JPMorgan Chase & Co. Report
target, estimates boosted at Barclays. JPM price target raised to $60 from $55 after 1Q10 beat. 2010 and 2011 EPS estimates lifted to $3.25 and $5.10, respectively. Maintain Overweight rating.
JPMorgan
(JPM) - Get JPMorgan Chase & Co. Report
estimates, target upped at UBS. Shares of JPM now seen reaching $50. Estimates also raised, because of a more favorable credit outlook. Neutral rating.
JPMorgan
(JPM) - Get JPMorgan Chase & Co. Report
estimates increased at Goldman. JPM estimates were raised through 2011. Company is seeing better sales and credit trends. Buy rating and $54 price target.
>> Who Owns JPMorgan?: John Paulson
Linear Technology
(LLTC)
numbers upped at Goldman. Shares of LLTC now seen reaching $35. Estimates also boosted, to match the company's new sales guidance. Buy rating.
Marvell Technology
(MRVL) - Get Marvell Technology, Inc. Report
target upped at Morgan Stanley to $26. Market is not giving credit for the company's non-HDD growth opportunities. Overweight rating.
>> Who Owns Marvell?: Navellier & Associates
Websense
(WBSN)
target increased at Morgan Stanley to $30. Expanding product portfolio appears to be driving accelerated billings growth. Overweight rating.
Yum! Brands
(YUM) - Get Yum! Brands, Inc. Report
numbers boosted at Morgan Stanley. Shares of YUM now seen reaching $45. Estimates also increased, as the company is seeing higher comp sales. Overweight rating.
>> Who Owns Yum!?: Karen Finerman
This article was written by a staff member of TheStreet.com.
