NEW YORK (TheStreet) -- CHANGE IN RATINGS
American States Water
rated new Buy at Baird. $38 price target. Expect accelerating infrastructure investment opportunities and improved earned returns.
rated new Outperform at Wells Fargo. Stock should reach 0.6 times expected 2011 book value.
downgraded at Morgan Stanley from Equal-weight to Underweight. $34 price target. Soup sales should continue to underperform the broader food industry.
downgraded at Morgan Stanley from Overweight to Equal weight. Defense budgets will likely continue to shrink.
STOCK COMMENTS / EPS CHANGES
estimates cut at Morgan Stanley through 2011. Company cut guidance, given lower notebook demand. Underweight rating.
target raised at Citigroup. Shares of BG now seen reaching $68. Company is cutting costs and should benefit from higher oilseed demand. Hold rating.
estimates lowered at Barclays. CLX 2011 EPS estimate trimmed to $4.38 from $4.58, 2011 set at $4.90. Maintain Overweight rating and $66 price target.
numbers upped at Citigroup. EMN estimates were boosted through 2011. Company is positioned well for higher propylene prices, relative to propane. Hold rating and new $79 price target.
numbers boosted at Goldman. Shares of EW now seen reaching $75. Estimates also upped, given the positive Partner trial results. Neutral rating.
added to Top Picks Live list at Citigroup. Positive meeting with management reinforces strong early- and mid-cycle demand. $52 price target.
target reduced at UBS. Shares of LO now seen reaching $93. Potential menthol ban adds near-term risk to the stock. Buy rating.
price target raised at Barclays to $90 from $85 on strong 1Q11 results. Maintain Overweight rating.
estimates, target increased at Goldman. NKE estimates were raised through 2013. Company is seeing accelerating order trends. Buy rating and new $87 price target.
estimates, target raised at Piper. Shares of PCLN now seen reaching $380. Estimates also increased, based on improving industry fundamentals. Overweight rating.
numbers upped at Goldman through 2012. Company continues to post strong license sales growth. Neutral rating and $18.50 price target.
This article was written by a staff member of TheStreet.