
Home Depot: Analysts' Upgrades, Downgrades
Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (
) --
CHANGE IN RATINGS
Belden
(BDC) - Get Report
upgraded at Keybanc from Hold to Buy. $42 price target. Long-term earnings visibility is improving.
Edison International
(EIX) - Get Report
downgraded at Goldman to Neutral. Valuation call, as the company has outperformed its peers by 9 percentage points since January.
Home Depot
(HD) - Get Report
upgraded at FBR from Market Perform to Outperform, FBR Capital Markets said. Company is starting to take back market share from LOW.
Home Depot
(HD) - Get Report
estimates, target raised at Piper. Shares of HD now seen reaching $32, according to Piper Jaffray. Estimates also increased, as the company can continue to expand margins. Neutral rating.
Johnson & Johnson
(JNJ) - Get Report
downgraded at Wells to Market Perform. McNeil situation will likely continue to hang over the stock.
Janus Capital Group
(JNS)
upgraded at Barclays to Overweight from Under Weight. JNS is the most leveraged to a stronger equity market, Barclays said. Price target raised to $16 from $11.
Legg Mason
(LM) - Get Report
upgraded at Barclays to Overweight from Equal Weight. Expect LM to benefit from better equity market performance and better equity flow trends, Barclays said. Price target surged to $52 from $29.
Lowe's
(LOW) - Get Report
downgraded at FBR from Outperform to Market Perform. Company has limited earnings visibility.
OpenTable
(OPEN)
rated new Perform at Oppenheimer. OPEN was initiated with a Perform rating, Oppenheimer said. Valuation call, as the company has limited pricing visibility.
Paychex
(PAYX) - Get Report
downgraded at Wells from Outperform to Market Perform. Valuation call, as the stock is already priced at 21x expected 2011 earnings.
PerkinElmer
(PKI) - Get Report
rated new Neutral at Goldman. $27 price target. Company will ultimately be able to sell non-core assets and re-deploy the funds in more strategic areas.
Sempra Energy
(SRE) - Get Report
upgraded at Goldman to Buy. Expect a 25%-30% dividend hike and the company also to start buying back stock.
SXC Health Solutions
( SXCI) initiated at Credit Suisse with a Neutral rating and $51 price target. SXCI performed extremely well recently, fueled by acquisitions and large contract wins, and we expect that growth to continue into 2011, Credit Suisse said.
Triumph Group
(TGI) - Get Report
upgraded at UBS from Neutral to Buy. $105 price target. Estimates also boosted, given benefits from pension and purchase accounting figures.
Under Armour
(UA) - Get Report
downgraded at Sterne from Buy to Neutral, Sterne Agee said. Valuation call, based on a $60 price target.
Vistaprint
(VPRT)
rated new Outperform at Oppenheimer. $55 price target. Company still has leverage in its model as it continues to grow its customer base.
Walgreen
(WAG)
upgraded at UBS from Neutral to Buy. $43 price target. Company should see margins recover in 2011.
Waddell & Reed Financial
(WDR) - Get Report
upgraded at Barclays to Overweight from Equal weight. Lower taxes and strength in the broader equity markets, Barclays said. Price target boosted to $41 from $30.
This article was written by a staff member of TheStreet.









