Editor's Note: Green and red arrows refer to intraday stock price movement.
NEW YORK (
CHANGE IN RATINGS
was downgraded at Morgan Stanley from Overweight to Underweight. Stock is already beginning to price in a cyclical recovery, Morgan Stanley said.
( CEPH) was rated new Underweight at Morgan Stanley. Consensus earnings estimates appear too high.
upgraded at Morgan Stanley from Underweight to Overweight. Secular growth stories could outperform in the auto sector over the coming quarters, Morgan Stanley said.
was initiated with an Outperform rating at Morgan Keegan. $63.50 price target. Company has a strong balance sheet and is growing in the ultra-deepwater market, Morgan Keegan said.
( HANS) was downgraded at Goldman Sachs from Buy to Neutral. Valuation call, as the stock is up 41% over the past six months, Goldman said. $60 price target.
was downgraded from Buy to Neutral at Goldman Sachs. $25 price target. Valuation call, as the company faces cyclical headwinds, Goldman said.
was downgraded at Morgan Stanley from Overweight to Underweight. Earnings momentum appears to be running out, Morgan Stanley said.
was started with an Outperform rating at BMO Capital. $42 price target. Channel checks suggest strong business activity, BMO said.
was upgraded from Neutral to Outperform at Robert Baird. $32 price target. Valuation call, as the stock has pulled back 7%, Baird said.
End of report.
This article was written by a staff member of TheStreet.