Change in Ratings
upgraded at Jefferies to buy rating from hold. Price target upped to $80 from $64 and fiscal-year 2008 EPS estimates lift to $3.50 from $2.80.
downgraded at UBS to neutral rating from buy. Price target slashed to $4.50 from $8.00 and fiscal-year 2009 EPS estimates cut to 19 cents from 34 cents.
Del Monte Foods
( DLM) downgraded at Wachovia to market perform. Estimates also cut ahead of earnings, as tuna pricing and higher industry costs should cut into margins.
upgraded at Oppenheimer from perform to outperform. $90 price target. Company trades at a discount to its peers, but should benefit greatly from sustainably higher commodity prices.
National Financial Partners
downgraded at Citigroup from buy to hold with a $32 price target. Company lacks near-term catalysts, and estimates were also cut because of the less robust M&A outlook.
( NST) upgraded at UBS to buy rating from neutral. Price target holds at $38 while fiscal-year 2009 EPS estimates lifts to $2.42 from $2.40.
upgraded at Jefferies to buy rating from hold. Price target upped to $20 from $16.50 while fiscal-year 2008 EPS estimates dip to $1.36 from $1.49.
upgraded at JPMorgan from neutral to overweight. Stock looks oversold, despite rising costs and the dilution of the recent equity offering. Company remains on track to deliver above-average annual earnings growth of 8%.
upgraded at JPMorgan from neutral to overweight. Stock has pulled back to an attractive level, ahead of the upcoming same-store sales and quarterly earnings report.
Stock Comments/EPS Changes
Gold Fields Ltd.
price target cut at Goldman to $19 from $22 due to electricity crisis in South Africa. Management sees 20% to 25% production loss in the first quarter. See attractive valuation. Maintained buy rating.
estimates cut at Deutsche Bank by 25 cents to $2.81 a share to reflect management guidance. Maintained hold rating.
estimates cut at Deutsche Bank by 17 cents to $1.57 a share as 2008 outlook suggests another year of mid-single digit comp declines.
This article was written by a staff member of TheStreet.com Ratings.