Tuesday's Analysts' Upgrades, Downgrades
Change in Ratings
Barr Pharma
(BRL)
upgraded at Cowen from neutral to outperform. Risks are factored into the stock, and the company should soon enter a solid U.S. product cycle.
ICF
(ICFI) - Get ICF International Inc. Report
upgraded at UBS to buy rating from neutral. Price target and fiscal year 2008 EPS estimates hold at $22 and $1.47.
Sirius Satellite
(SIRI) - Get Sirius XM Holdings Inc. Report
upgraded at Merrill to neutral. Company showed solid subscriber growth in the first quarter, and negative sentiment toward the stock is likely passed its peak.
Stock Comments/EPS Changes
Fluor
(FLR) - Get Fluor Corporation Report
numbers raised at UBS. Price target rockets to $215 from $165 and fiscal year 2008 EPS jumps to $6.40 from $5.50. Reiterates buy rating.
Fluor price target raised at Goldman to $175 from $155 following better-than-expected first-quarter earnings and raised 2008 guidance. See positive outlook for endmarkets. Maintained neutral rating.
TheStreet Recommends
Moody's
(MCO) - Get Moody's Corporation Report
initiated at Jefferies with buy rating. Price target starts at $47 with 2008 EPS estimates set at $1.95.
McGraw-Hill
(MHP)
initiated at Jefferies with buy rating. Price target starts at $49 with 2008 EPS estimates set at $2.80.
Research In Motion
(RIMM)
target raised at Goldman to $148 from $145 based on increased confidence in BlackBerry ecosystem and ability to gain market share in smartphone market. Note additional 3G/WiFi enabled devices shipping in 2008 and extending product cycle.
Sprint Nextel
(S) - Get SentinelOne Inc. Class A Report
numbers raised at UBS. Price target lifts to $10 from $7.25 and fiscal year 2009 EPS goes positive to 14 cents from loss of 18 cents. Reiterates neutral rating.
This article was written by a staff member of TheStreet.com Ratings.
