Transocean: Analysts' Upgrades, Downgrades - TheStreet

Transocean: Analysts' Upgrades, Downgrades

Transocean target cut at Morgan Stanley to $105. Deepwater drilling ban will weigh on results.
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CHANGE IN RATINGS

Akamai

(AKAM) - Get Report

downgraded at Citigroup from Buy to Hold. Valuation call, based on a $44 price target.

Amylin Pharma

(AMLN)

upgraded at Piper Jaffray. Rating raised to Overweight from Neutral. Maintain $26 price target. Lowers 2010 EPS estimates to -$0.86 from -$0.84.

Delta Air

(DAL) - Get Report

rated new Buy at Deutsche Bank. $17 price target. Northwest merger is off to a good start and the company is a deleveraging story.

Consolidated Edison

(ED) - Get Report

upgraded at Goldman to Neutral. Estimates also boosted, as the company should have lower financing needs.

Federated Investors

(FII) - Get Report

upgraded at FBR from Underperform to Market Perform. $21 price target. Valuation call, as the stock is already pricing in some industry-wide headwinds.

FMC Technologies

(FTI) - Get Report

upgraded at Stifel from Hold to Buy. $66 price target. Recent decline has created an attractive buying opportunity.

Great Plains

(GXP)

upgraded at Goldman from Neutral to Buy. Valuation call.

Hartford Financial Services

(HIG) - Get Report

upgraded at BofA/Merrill to Buy from Neutral as stock slide creates buying opportunity. $34 price target.

Intuitive Surgical

(ISRG) - Get Report

downgraded at Brean Murray from Buy to Hold. Europe is cutting back on its healthcare budgets.

J.B. Hunt

(JBHT) - Get Report

upgraded at BofA/Merrill to Buy from Neutral. Improving fundamentals, volumes, pricing, and margins at its Intermodal and Dedicated segments. Price target lowered to $40 from $42.

JetBlue

(JBLU) - Get Report

upgraded at BofA/Merrill to Buy from Neutral and price target raised to $7 from $11. Gaining high-yield traffic traction.

Southwest Airlines

(LUV) - Get Report

rated new Buy at Deutsche Bank. $15 price target. Company has an excellent balance sheet and earnings growth should resume in 2010.

MGM Mirage

(MGM) - Get Report

upgraded at Soleil from Sell to Hold. $13 price target. Company is making progress on its debt and Las Vegas appears to be stabilizing.

Mohawk Industries

(MHK) - Get Report

upgraded at Stifel from Hold to Buy. $70 price target. Carpet industry appears strong than the market realizes.

Pulte

(PHM) - Get Report

upgraded at Citigroup from Hold to Buy. $14 price target. Valuation call, even though the company lacks near-term catalysts.

Polaris Industries

(PII) - Get Report

upgraded at Keybanc from Hold to Buy. $73 price target. Recent checks are showing pockets of strength.

Portland General

(POR) - Get Report

downgraded at Goldman from Buy to Neutral. Estimates also cut.

Riverbed Technologies

(RVBD)

initiated at Barclays with an Overweight rating and $32 price target. Riverbed addresses a sustainably growing market with technically superior products.

Select Medical

(SEM) - Get Report

upgraded at Baird from Neutral to Outperform. $11 price target. Bad press should reverse trend in the coming months.

T. Rowe Price

(TROW) - Get Report

upgraded at FBR from Market Perform to Outperform. $58 price target. Valuation call, as the company is positioned relatively well, even as the industry faces headwinds.

STOCK COMMENTS / EPS CHANGES

Alcatel-Lucent

(ALU)

estimates increased at Soleil through 2011. Checks show better wireless demand from VZ and AT&T. Buy rating and $4 price target.

Clean Harbors

(CLH) - Get Report

numbers raised at Goldman to $72. Estimates also increased, given the company's cleanup business in the Gulf. Neutral rating.

More on Clean Harbors Jim Cramer on Clean Harbors

Google

(GOOG) - Get Report

estimates, target cut at Citigroup. Shares of GOOG now seen reaching $630. Estimates also lowered, given currency changes. Buy rating.

Kroger

(KR) - Get Report

estimates changed at Barclays. KR 2010 and 2011 EPS estimates set at $1.75 and $2.03, respectively. Maintain Overweight rating and $26 price target.

Mirant

(MIR)

price target raised at Barclays by a dollar to $13. Maintain Equal Weight rating.

Transocean

(RIG) - Get Report

target cut at Morgan Stanley to $105. Deepwater drilling ban will weigh on results. Overweight rating.

TRW Automotive

(TRW)

estimates upped at Soleil through 2012. Company is benefiting from higher automotive build rates. Buy rating and $42 price target.

Weatherford

(WFT) - Get Report

target reduced at Morgan Stanley to $36. Drilling ban in the Gulf will continue to weigh on the stock. Overweight rating.

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