Monsanto: Analysts' Upgrades, Downgrades

Monsanto downgraded at Jefferies to hold from buy; target, estimates lower at Barclays and UBS.
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NEW YORK (TheStreet) -- CHANGE IN RATINGS

AmerisourceBergen

(ABC) - Get Report

upgraded at Citigroup to Buy. $34 price target. New analyst sees value, following positive channel checks.

AthenaHealth

(ATHN) - Get Report

upgraded at Citigroup to Hold. Stock is down 20% from its highs, and the new analyst believes that the company has a superior sales model. $39 price target.

BMC Software

(BMC)

upgraded at Credit Suisse to Outperform from Neutral. OEM relationship with Cisco should fuel earnings growth. Price target raised to $46 from $39.50. 2010 and 2011 EPS estimates set at $2.70 and $2.90, respectively.

eBay

(EBAY) - Get Report

downgraded at Kaufman from Buy to Hold. $31 price target. Recent data points show slower U.S. growth.

KeyCorp

(KEY) - Get Report

downgraded at Baird from Neutral to Underperform. $7 price target. Valuation is no longer attractive, based on normalized earnings and tangible book value.

Monsanto

(MON)

downgraded at Jefferies from Buy to Hold. $71 price target. Company missed earnings expectations last quarter and is seeing increased competition.

People's United Financial

(PBCT) - Get Report

initiated at BofA/Merrill with a Neutral rating and $16.50 price target. PBCT is well positioned to benefit from higher short term interest rates and a healthy bank M&A cycle.

Principal Financial

(PFG) - Get Report

downgraded at Citigroup from Buy to Hold. Valuation call, based on a $32 price target.

Smith International

(SII)

upgraded at Barclays to Equal Weight from Underweight as Schlumberger agreed to acquire the company. 2010 and 2011 EPS estimates set at $1 and $1.40, respectively. Price target surged to $52 from $25.

STOCK COMMENTS / EPS CHANGES

Air Products

(APD) - Get Report

numbers boosted at Morgan Stanley. APD estimates were increased through 2011. Expect ARG deal to close and believe that the company can ultimately take market share. Overweight rating and new $92 price target.

Bed Bath & Beyond

(BBBY) - Get Report

target, estimate boosted at Barclays to $47 from $44 as 4Q results beat expectations. 2011 EPS estimate improved to $2.68 from $2.49. Maintain Equal Weight rating.

Bed Bath & Beyond

(BBBY) - Get Report

numbers upped at UBS through 2012. Company faces difficult comps, but will likely buy back stock over the coming quarters. Buy rating and new $55 price target.

EOG Resources

(EOG) - Get Report

estimates, target boosted at UBS. Shares of EOG now seen reaching $112. Estimates also upped, as the company boosted production growth guidance at its analyst meeting. Neutral rating.

Express Scripts

(ESRX)

numbers increased at UBS. Shares of ESRX now seen reaching $126. Estimates also raised, as the company will likely target larger customers going forward. Buy rating.

Family Dollar

(FDO)

estimates boosted at Morgan Stanley through 2012. Company is seeing a higher gross margins, as sales initiatives are paying off. Equal-weight rating.

Family Dollar

(FDO)

target, estimates boosted at Barclays. FDO price target jumped to $41 from $36 as the company is focused on driving sales. 2010 and 2011 EPS estimates raised to $2.58 and $3.10, respectively. Reiterate Equal Weight rating.

First Solar

(FSLR) - Get Report

price target higher at BofA/Merrill. FSLR price target jumped to$135 from $120. Valuation call. 2010 and 2011 EPS estimate set at $6.35 and $7.20, respectively. Maintain Neutral rating.

Medco Health

(MHS)

target boosted at UBS to $76. Company can still deliver 18% annual earnings growth over the next five years. Buy rating.

Monsanto

(MON)

estimates, target lowered at UBS. Shares of MON now seen reaching $86. Estimates also cut, because of a slower expected product ramp. Buy rating.

Monsanto

(MON)

target, estimates lower at Barclays. MON price target cut to $76 from $82 on lower expectations. 2010 EPS estimate lowered to $3.12, 2011 held at $3.66. Maintain Equal Weight rating.

Panera Bread

(PNRA)

numbers boosted at MKM. PNRA estimates were increased through 2011. Company is likely seeing strong sales momentum and should be able to expand margins. Buy rating and new $88 price target.

Praxair

(PX)

estimates, target increased at Morgan Stanley. Shares of PX now seen reaching $89. Estimates also raised, as the stock is not yet pricing in cyclical growth potential. Equal-weight rating.

Schnitzer Steel

(SCHN) - Get Report

numbers boosted at UBS. Shares of SCHN now seen reaching $56. Estimates also increased, given strength in the auto parts and mill segments. Neutral rating.

Schlumberger

(SLB) - Get Report

target higher, estimate lower at Barclays. SLB price target raised to $75 from $73. 2011 EPS estimate lowered 10 cents to $3.60 on reduced natural gas price forecast. Reiterate Overweight rating.

Tractor Supply

(TSCO) - Get Report

estimates, target raised at FBR. Shares of TSCO now seen reaching $59. Estimates also increased, given the company's new guidance. Underperform rating.

Weatherford

(WFT) - Get Report

target, estimate trimmed at Barclays. WFT price target cut by a dollar to $21 as 2011 nat gas price forecasts are lower. 2011 EPS estimates lowered to $1.30, 2010 held at $0.70. Maintain Overweight rating.

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