Pulte: Analysts' Upgrades, Downgrades - TheStreet

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CHANGE IN RATINGS

Autodesk

(ADSK) - Get Report

upgraded at Goldman from Neutral to Buy. New $30 price target. Estimates also boosted, as the company should benefit from an improving macro environment.

Art Technology Group

(ARTG)

initiated at Thomas Weisel with an Overweight rating and $5 price target. Ecommerce growing in size and complexity.

Dollar Tree

(DLTR) - Get Report

upgraded at UBS from Neutral to Buy. Valuation call, as underlying fundamentals remain solid.

El Paso

(EP)

upgraded at Wells to Outperform. Company has several potential catalysts on the horizon. Estimates also boosted, given lower expected financing rates.

KB Home

(KBH) - Get Report

upgraded at Goldman from Sell to Neutral. New $19 price target. Company has attractive exposure to first-time buyers.

Lennar

(LEN) - Get Report

upgraded at Goldman from Sell to Neutral. New $18 price target. Concerns about joint ventures have passed.

NII Holdings

(NIHD) - Get Report

upgraded at BofA/Merrill to Buy from Neutral after the company announced a deal with Televisa. Price target surged to $47 from $36. Estimates raised through 2011.

Penn National Gaming

(PENN) - Get Report

downgraded at Goldman to Sell. Regional casinos will be hurt by continued high unemployment rates.

Pulte Homes

(PHM) - Get Report

numbers boosted at UBS. Shares of PHM now seen reaching $8. Estimates also raised, as the company is seeing a lower tax rate. Sell rating.

Pulte Homes

(PHM) - Get Report

downgraded at Goldman from Neutral to Sell. New $11 price target. Valuation call, as the company has industry-low margins.

Philip Morris

(PMI)

upgraded at UBS upgraded from Neutral to Buy. $54 price target. Estimates also raised, because of improved earnings visibility.

Panera Bread

(PNRA)

upgraded at Barclays to Equal Weight from Underweight. Panera is delivering industry leading comps and unit growth, Barclays said. Price target jumped to $69 from $61. 2010 and 2011 EPS estimates raised to $3.45 and $4.15, respectively.

Panera Bread

(PNRA)

numbers raised at Goldman through 2011. Company is showing better sales leverage. Neutral rating and new $78 price target.

Target

(TGT) - Get Report

upgraded at UBS from Neutral to Buy. Company is seeing better sales, driven by an improved marketing plan.

STOCK COMMENTS / EPS CHANGES

Agilent

(A) - Get Report

estimates, target boosted at FBR. Shares of A now seen reaching $34. Estimates also raised, given strength in emerging markets and cost-cutting efforts. Market Perform rating.

Barnes & Noble

(BKS) - Get Report

cut from Conviction Sell list at Goldman. Activist activity is outweighing the challenging fundamental outlook. $17 price target.

Choice Hotels

(CHH) - Get Report

numbers lowered at Goldman. Shares of CHH now seen reaching $35. Estimates also cut, because of lower mid-tier and economy results. Neutral rating.

Cleco

(CNL)

estimates, target lowered at Goldman. CNL estimates were cut through 2012. Company is facing higher costs. Sell rating and new $27 price target.

Emergency Medical

(EMS)

estimates, target upped at Goldman. Shares of EMS now seen reaching $62. Estimates also boosted, as the company is winning more contracts. Neutral rating.

Fortune Brands

(FO)

numbers cut at Goldman. Shares of FO now seen reaching $50. Estimates also reduced, because of higher expected Home sales. Buy rating.

Home Depot

(HD) - Get Report

target, estimates boosted at Barclays. HD price target increased to $31 from $29 ahead of 4Q09 earnings, which will be released Feb 23. 2010 and 2011 EPS estimate improved to $1.57 and $1.74, respectively. Maintain Overweight rating.

Hawaiian Electric

(HE) - Get Report

target raised at Barclays. HE price target increased by a dollar to $17 after solid 4Q09 results. 2010 EPS estimates cut to $1.30 from $1.45. Maintain Underweight rating.

Ingersoll-Rand

(IR) - Get Report

numbers cut at Goldman. IR estimates were reduced through 2011. Restructuring will cost more than previously planned. Neutral rating and new $39 price target.

Oshkosh

(OSK) - Get Report

estimates, target increased at Goldman. Shares of OSK now seen reaching $43. Estimates also boosted, to reflect the new tactical vehicle contract win. Neutral rating.

Unisource Energy

(UNS)

target higher, estimates changed at Credit Suisse. UNS price target raised to $35 from $33 as the company upped its dividend 35% to $1.56 per share. 2009 EPS estimate raised to $2.64, 2010 lowered to $2.87. Maintain Neutral rating.

WMS Industries

(WMS) - Get Report

estimates reduced at Goldman. WMS estimates were cut through 2012. Company is seeing lower replacement demand, especially in the U.S. Buy rating and $50 price target.

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