Pulte Homes: Upgrades, Downgrades
NEW YORK (TheStreet) -- CHANGE IN RATINGS
Dominion Resources
(D) - Get Dominion Energy Inc Report
rated new Neutral at Goldman. $43 price target. Company has positive catalysts, but trades at a premium valuation.
Dolby
(DLB) - Get Dolby Laboratories, Inc. Class A Report
downgraded at Goldman from Neutral to Sell. $50 price target. Standard DVD and optical drives are becoming obsolete.
Edwards Lifesciences
(EW) - Get Edwards Lifesciences Corporation Report
downgraded at Canaccord to Hold. $66 price target. Stock is already pricing in a lot of good news, short of a buyout.
Hospira
(HSP)
downgraded at Citigroup from Hold to Sell. $52 price target. Company received a favorable court ruling, but forward consensus estimates appear too high.
Hospira
(HSP)
estimates, target increased at Goldman. HSP estimates were raised through 2013. SNY patent ruling was in the company's favor. Buy rating and new $68 price target.
TheStreet Recommends
Las Vegas Sands
(LVS) - Get Las Vegas Sands Corp. Report
upgraded at Keybanc from Underweight to Hold. Singapore continues to perform well and the company would benefit from a revaluation of the Yuan.
Newmont Mining
(NEM) - Get Newmont Corporation Report
downgraded at Stifel from Buy to Hold. Valuation call, as production growth could tail off.
Pulte Homes
(PHM) - Get PulteGroup, Inc. Report
upgraded at Goldman from Sell to Neutral. $9 price target. Valuation call, as the company is cutting costs and using cash to repurchase stock and debt.
SuccessFactors
(SFSF)
rated new Neutral at Baird. $28 price target. Company has an attractive model, but trades at a premium valuation.
Seattle Genetics
(SGEN) - Get Seagen, Inc. Report
upgraded at ThinkEquity from Hold to Buy. $16 price target. Company should continue to post positive clinical results.
Sonoco
(SON) - Get Sonoco Products Company Report
rated new Outperform at Wells. Stock is already discounting a cyclical earnings recovery.
Target
(TGT) - Get Target Corporation Report
downgraded at Credit Suisse to Neutral from Outperform as gross margins are set to decline. Price target lowered to $58 from $64.
Towers Watson
(TW) - Get Tradeweb Markets, Inc. Class A Report
rated new Buy at Goldman. $55 price target. Company trades at a discount, and should benefit from increased demand for consulting services.
Textron
(TXT) - Get Textron Inc. Report
initiated at Credit Suisse with a Neutral rating and $24 price target. At or near the lows of the jet business cycle.
Aqua America
(WTR) - Get Aqua America, Inc. Report
downgraded at Janney to Neutral. Valuation call, based on a $21 price target.
STOCK COMMENTS / EPS CHANGES
Affiliated Managers
(AMG) - Get Affiliated Managers Group, Inc. Report
numbers boosted at Citigroup. Shares of AMG now seen reaching $104. Estimates also upped, as the Trilogy acquisition should add to earnings. Buy rating.
CF Industries
(CF) - Get CF Industries Holdings, Inc. Report
numbers boosted at Stifel to $120. Estimates also upped, given lower natural gas costs and rising DAP prices. Buy rating.
Danaher
(DHR) - Get Danaher Corporation Report
price target higher at Barclays to $54 as the company focuses on organic growth. Maintain Overweight rating.
General Electric
(GE) - Get General Electric Company Report
estimates lowered at BofA/Merrill. GE 2011 and 2012 EPS estimates reduced to $1.28 and $1.55, respectively, to account for pension headwinds. Maintain Neutral rating and $21 price target.
Goodyear Tire
(GT) - Get Goodyear Tire & Rubber Company Report
target lowered at Keybanc. Shares of GT now seen reaching $15. Channel checks show that production is not keeping up with customer demand. Buy rating.
WW Grainger
(GWW) - Get W.W. Grainger, Inc. Report
numbers upped at Citigroup through 2011. Company is seeing better sales demand. Hold rating and new $119 price target.
Intuit
(INTU) - Get Intuit Inc. Report
target raised at Oppenheimer. Shares of INTU now seen reaching $52. Momentum should continue to grow for Turbo Tax and small business demand. Outperform rating.
Las Vegas Sands
(LVS) - Get Las Vegas Sands Corp. Report
price target boosted at BofA/Merrill to $40 from $34 on a ramp up in Singapore. Maintain Buy rating.
Micron Technology
(MU) - Get Micron Technology, Inc. Report
estimates cut at Credit Suisse through 2012. Maintain Outperform rating and $15 price target.
Paychex
(PAYX) - Get Paychex, Inc. Report
price target boosted at Barclays by a dollar to $29 after the company posted a 1Q11 beat, driven by better Payroll revenues. Reiterate Equal Weight rating.
Skechers USA
(SKX) - Get Skechers U.S.A., Inc. Class A Report
numbers reduced at Sterne Agee. Shares of SKX now seen reaching $38. Estimates also lowered, given lower demand for toning shoes. Buy rating.
Seagate Technology
(STX) - Get Seagate Technology Holdings PLC Report
numbers reduced at RBC. STX target was lowered to $13. Estimates also cut, as prices continue to erode. Sector Perform rating.
Tractor Supply
(TSCO) - Get Tractor Supply Company Report
numbers raised at Baird. Shares of TSCO now seen reaching $42. Estimates also increased, as increased store traffic is driving higher margins. Neutral rating.
This article was written by a staff member of TheStreet.
