CHANGE IN RATINGS
was upgraded from Neutral to Outperform at Cowen. Valuation call, as the new management team is poised to unlock shareholder value.
( KNXA) upgraded at Credit Suisse to Outperform from Neutral based on valuation. Raises target price to $41 from $37.
upgraded at Citigroup from Hold to Buy. $59 price target. Company is addressing growth in emerging beverage markets through recent acquisitions. Business in Japan is also stabilizing. Estimates also raised.
upgraded at CIBC World Markets to sector outperform from sector perform increasing its price target to $55. MAR appears to have the greatest potential for increase through share repurchase in the near term relative to competitors and tends to be a more conservative play, owning hotels on a short term basis.
STOCK COMMENTS / EPS CHANGES
( BGP) 2008 estimates cut at Credit Suisse to 25 cents from 39 cents following weak Q1 results. Maintained Neutral rating.
Borders 2007 estimates slashed at Jefferies to $(0.25) from $0.60 following weak Q1 operating results. See current sales trends remaining weak, and expect turnaround to unfold at a more gradual pace than expected. Maintained Hold rating and $21.50 target.
price target increased at Goldman to $35 from $33, based on strong deferred and license revenue. Guidance implies ongoing cost controls and margin improvement. Maintained Neutral rating.
2008 estimates raised at Goldman to $0.70 from $0.59 after company reported better-than-expected Q1 earnings. See better earnings ahead driven by stable margins and positive same store sales. Price target raised to $27 from $22. Maintained Buy rating.
( GTRC) target price raised at Credit Suisse to $50 from $43. Cites company remains one of favorite LBO plays. Maintained Neutral rating.