KB Home: Analysts' Upgrades, Downgrades

KB Home estimates lowered at Goldman.

Author:: TSC Staff
Publish date:: Mar 24, 2010 9:24 AM EDT

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Dollar Tree

initiated with a Hold rating at Jefferies. $64 price target. Company is well-managed, but facing difficult near-term comparisons.

Masco

(MAS) - Get Report

rated new Buy at Keybanc. Coverage of MAS was started with a Buy rating. $19 price target. Housing industry and economy in North America have likely reached a bottom.

Strayer Education

(STRA) - Get Report

downgraded at BMO from Outperform to Market Perform. Valuation call, based on a $248 price target.

Stanley Black & Decker

(SWK) - Get Report

upgraded at Deutsche from Hold to Buy. $70 price target. Coverage reinstated following the merger, as the company looks attractive on an earnings basis.

Under Armour

(UA) - Get Report

downgraded at Barclays to Equal Weight from Overweight on valuation. 2010 and 2011 EPS estimates set at $1.05 and $1.30, respectively. $30 price target.

Under Armour

(UA) - Get Report

downgraded at FBR to Market Perform. Stock is up 26% from its recent lows, and traded up through the $30 price target.

Whole Foods

(WFMI)

downgraded at Longbow to Neutral. Although a recent survey was positive, the stock is up 35% since December.

STOCK COMMENTS / EPS CHANGES

Adobe Systems

(ADBE) - Get Report

target, estimate higher at Citi. ADBE price target lifted to $46 from $42 on strong guidance. 2010 and 2011 EPS estimates set at $1.86 and $2.14, respectively. Maintain Buy rating.

Adobe Systems

(ADBE) - Get Report

numbers boosted at Goldman. Shares of ADBE now seen reaching $44. Estimates also upped, given an expected recovery in enterprise spending. Buy rating.

Archer Daniels Midland

(ADM) - Get Report

estimates cut at Morgan Stanley through 2011. Company seeing lower ethanol profits. Equal-weight rating and $33 price target.

AthenaHealth

(ATHN) - Get Report

numbers cut at Goldman. ATHN estimates were reduced through 2012. Company is facing higher marketing costs. Neutral rating and new $38 price target.

Allegheny

(ATI) - Get Report

estimates, target increased at UBS. Shares of ATI now seen reaching $62. Estimates also raised, because of higher titanium demand. Buy rating.

Best Buy

(BBY) - Get Report

estimates changed at Barclays. BBY 2010 EPS estimate lifted a penny to $3.12, 2011 lowered to $3.41. Reiterate Overweight rating and $47 price target.

Beckman Coutler

(BEC)

target, estimates lower at Barclays. BEC price target trimmed by a dollar to $75. 2010 and 2011 EPS estimates cut to $4.40 and $4.97, respectively. Maintain Overweight rating.

Carnival

(CCL) - Get Report

estimates, target increased at UBS. CCL estimates were boosted through 2011. Company is seeing better booking and pricing trends. Buy rating and new $43 price target.

Carnival

(CCL) - Get Report

target, estimates raised at Barclays. CCL price target jumped to $41 from $39 after strong 1Q10 results. 2010 and 2011 EPS estimates lifted to $2.35 and $2.75, respectively. Maintain Equal Weight rating.

Cummins

(CMI) - Get Report

target, estimates boosted at Citi. CMI price target surged to $72 from $58 after positive meeting with management. 2010 and 2011 EPS estimates raised to $2.60 and $4.10, respectively. Maintain Buy rating.

Darden Restaurants

(DRI) - Get Report

estimates upped at UBS through 2011. Company is seeing better sales momentum. Buy rating and $49 price target.

Darden Restaurants

(DRI) - Get Report

target, estimates boosted at Barclays. DRI price target raised to $46 from $44 on strong 3Q10 results. 2010 and 2011 EPS estimates lifted to $2.90 and $3.25, respectively. Maintain Overweight rating.

EMC

(EMC)

estimates, target increased at FBR. EMC estimates were raised through 2011. Field checks show positive momentum in the company's sales. Outperform rating and new $23 price target.

Hartford

(HIG) - Get Report

estimates lowered at UBS. HIG estimates were reduced through 2011. Capital raising will dilute earnings. Buy rating and $35 price target.

Jabil

(JBL) - Get Report

estimates, target boosted at UBS. JBL estimates were raised through 2011. Company boosted guidance, even though its facing component shortages. Neutral rating and new $19 price target.

Jabil

(JBL) - Get Report

target, estimates raised at Citi. JBL price target increased to $23 from $21 on solid 2Q10 results. 2010 and 2011 EPS estimates improved to $1.33 and $1.73, respectively. Maintain Buy rating.

KB Home

(KBH) - Get Report

estimates lowered at Goldman. KBH estimates were reduced through 2011. Company is seeing higher operating costs. Neutral rating and $19 price target.

Microsemi

(MSCC)

estimates, target raised at FBR. Shares of MSCC now seen reaching $24. Estimates also increased, following positive channel checks. Outperform rating.

Noble Energy

(NBL) - Get Report

numbers boosted at Morgan Stanley. Shares of NBL now seen reaching $94. Estimates also raised, given the potential of the company's gas project in Israel. Overweight rating.

PepsiCo

(PEP) - Get Report

estimates cut at Goldman. PEP estimates were lowered through 2012. Company has a strong growth outlook, but currency trends will hurt profits. Buy rating and $75 price target.

Phillips-Van Heusen

(PVH) - Get Report

numbers upped at Morgan Stanley. PVH estimates were raised through 2011. Company should continue to grow through the Tommy Hilfiger acquisition. Overweight rating and new $65 price target.

Royal Caribbean

(RCL) - Get Report

numbers raised at UBS. Shares of RCL now seen reaching $34. Estimates also increased, as the company is likely seeing better trends, like CCL. Neutral rating.

Sonic

(SONC)

estimates inched higher at Barclays. SONC 2010 and 2011 EPS estimates raised to 58 cents and 72 cents, respectively, after 2Q10 results. Maintain Equal Weight rating and $8 price target.

Walgreen

(WAG)

estimates lowered at UBS. WAG estimates were cut through 2011. Company was hurt by weak flu sales and operating costs will remain relatively high. Buy rating and $46 price target.

Zions Bancorporation

(ZION) - Get Report

target, estimates changed at Credit Suisse. ZION price target jumped to $18 from $15. 2010 EPS estimates increased to -$3.27, 2011 cut to $1.13. Maintain Underperform rating.

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