Microsoft: Analysts' Upgrades, Downgrades
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Aecom Technology
(ACM)
upgraded at Morgan Stanley from Equal-weight to Overweight. $33 price target. Company has strong exposure to stimulus spending.
Aeropostale
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initiated at Credit Suisse on ARO with a Neutral rating and $41 price target. 2010 and 2011 EPS introduced at $3.24 and $3.51, respectively.
Gentex
(GNTX)
upgraded at Wells to Outperform. Prices and margins should begin to show significant improvement by 2011.
H&R Block
(HRB)
downgraded at Morgan Stanley from Equal-weight to Underweight. Company is facing secular pressures that could worsen next year.
Hubbell
(HUBB)
upgraded at Barclays to Overweight from Equal Weight after huge 3Q beat. Price target to $54 from $47. 2009 and 2010 EPS estimates increased to $3.00 from $2.65 and to $3.10 from $2.65, respectively.
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Intuit
(INTU)
initiated at Barclays with an Overweight rating and $37 price target as shares are an attractive cyclical recovery play. 2010 and 2011 EPS estimates introduced at $1.97 and $2.31, respectively.
Pitney Bowes
(PBI)
downgraded at Goldman from Neutral to Sell. $24 price target. Estimates also lowered, to reflect shrinking margins.
Urban Outfitters
(URBN)
initiated at Credit Suisse with a Neutral rating and $33 price target. 2010 and 2011 EPS estimates set at $1.17 and $1.42, respectively.
Washington Federal
(WFSL)
upgraded at Barclays to Overweight from Underweight. Maintain 2009 EPS estimate at $0.49, 2010 raised to $0.68 from $0.33. Price target surged to $21 from $13.
Wausau Paper
(WPP)
initiated at Merrill/BofA with a Buy rating and $12 price target. A differentiated paper play leveraged to economic recovery, mentioned Merrill/BofA. 2009 and 2010 EPS estimates set at $0.46 and $0.55, respectively.
STOCK COMMENTS / EPS CHANGES
Astoria Financial
(AF)
numbers raised at FBR. Estimates were increased through 2010. Company is seeing signs of credit improvement. Underperform rating and $10 price target.
Becton Dickinson
(BDX)
numbers lowered at Goldman through 2011. Company is being hurt by currency and pricing pressures. Sell rating and new $65 price target.
Biogen Idec
(BIIB)
price target cut at Barclays. Price target to $45 from $52 on PML risk. Maintain 2009 and 2010 EPS estimates at $3.88 and $4.47, respectively. Reiterate Equal Weigh rating.
Bucyrus
(BUCY)
estimates raised at Morgan Stanley through 2011. New orders were up sequentially and the book-to-bill was up significantly.
Capital One
(COF)
estimates increased at Citigroup through 2011. Company cut its loan loss provision and is seeing a higher net interest margin. Buy rating and $44 price target.
Carter's
(CRI)
estimates, target boosted at Goldman through 2010. Company is seeing stronger demand. Neutral rating and new $31 price target.
Danaher
(DHR)
price target higher at Barclays to $88 from $84 on strong 2010 Guidance. Maintain 2009 and 2010 EPS estimates at $3.40 and $4.10, respectively. Reiterate Overweight rating.
Dover
(DOV)
estimates, target raised at Morgan Stanley. Shares of DOV now seen reaching $38. Estimates also boosted, as the company should be able to build upon its recent earnings momentum. Overweight rating.
Express Scripts
(ESRX)
price target higher at Barclays to $92 from $84. 2009 EPS estimate lifted by a penny to $3.56, 2010 raised to $4.65 from $4.60. Maintain Equal Weight rating.
Garmin
(GRMN)
cut from Conviction Sell list at Goldman Sachs. Unit trends are improving, which should drive better results the next couple of quarters. $27 price target.
Honeywell
(HON)
numbers lowered at FBR. Shares of HON now seen reaching $37. Estimates also cut to reflect pension costs. Market Perform rating.
Ingersoll-Rand
(IR)
numbers raised at Citigroup. Shares of IR now seen reaching $40. Estimates also boosted, to reflect cost-cutting and lower debt levels. Buy rating.
Joy Global
(JOYG)
price target lifted at Barclays to $64 from $60. Maintain 2009 EPS estimate at $4.20, 2010 increased to $2.90 from $2.75. Reiterate Overweight rating.
Joy Global
(JOYG)
estimates raised at Morgan Stanley through 2011. Company is seeing better margins and a lower sales decline in the Surface segment.
Kellogg
(K)
estimates, target boosted at Morgan Stanley. K estimates were increased through 2011. Buyback should add to earnings, and is a sign of strong underlying momentum. Overweight rating and new $60 price target.
Medco Health
(MHS)
price target higher at Barclays. MHS price target raised to $62 from $60 ahead of 3Q results. 2009 and 2010 EPS estimates set at $2.80 and $3.27, respectively. Overweight rating.
Monsanto
(MON)
estimates, target reduced at Goldman. MON estimates were cut through 2011. Company is seeing a more moderate pricing environment. Neutral rating and new $81 price target.
Microsoft
(MSFT)
price target raised at Merrill/BofA. MSFT price target increased to $34 from $26.50 on Win 7 potential. 2010 and 2011 EPS estimates set at $1.87 and $2.07, respectively. Maintain Buy rating.
Microsoft
(MSFT)
price target boosted at Barclays to $31 from $20 on Windows & demand and margins. 2010 EPS estimate raised to $1.87 from $1.56, 2011 introduced at $2.08. Reiterate Equal Weight rating.
Microsoft
(MSFT)
target raised at Morgan Stanley. Shares now seen reaching $33. Strong quarter sets pace for further upside potential. Overweight rating.
Philip Morris
(PM)
numbers raised at Citigroup. Shares now seen reaching $56. Estimates also boosted, to reflect currency gains. Buy rating.
Schlumberger
(SLB)
price target raised at Credit Suisse to $72 from $63 after solid 3Q results. Maintain Neutral rating. 2009 EPS estimate up by a penny to $2.76, 2010 raised to $2.80 from $2.50.
Whirlpool
(WHR)
estimates increased at Citigroup through 2011. Company is seeing better sales in Latin America and Asia. Hold rating and $70 price target.
This article was written by a staff member of TheStreet.com.
