Change in Ratings
upgraded at Oppenheimer from perform to outperform with a $24 price target. Company has strong fundamentals, improving margins and a robust order outlook.
downgraded at Goldman Sachs to sell from neutral based on earnings risk and valuation. See potential for downward revisions in earnings estimates stemming from higher energy costs and pulp inflation. Note price/earnings ratio is at high end of historical range. Target cut to $63 from $71.
downgraded at Jefferies to hold rating from buy. EPS estimates for fiscal year 2009 dip to $3.35 from $3.40 while price target lifts to $50 from $45.
downgraded at Morgan Stanley to equal-weight with a $75 price target. Valuation call, as the stock has significantly outperformed its peers over the past year.
Stock Comments/EPS Changes
price target raised at UBS. New target set at $146 from $138 on increased long-term visibility.
numbers raised at Morgan Stanley. Shares of KO now seen reaching $68. Estimates also raised, as international growth is offsetting slower U.S. volumes. Overweight rating.
This article was written by a staff member of TheStreet.com Ratings.