Skip to main content
Publish date:

Tuesday's Analysts' Upgrades and Downgrades

Who made what calls.
Author:

CHANGE IN RATINGS

Chicago Merc.

(CME) - Get CME Group Inc. Class A Report

downgraded at Raymond James: CME was downgraded from Outperform to Market Perform at Raymond James. Stock is approaching the $532 price target, and the latest rally is on an unfounded takeover rumor coming from the Deutsche Boerse.

Hain Celestial

(HAIN) - Get Hain Celestial Group, Inc. Report

rated new Buy at UBS: UBS is initiating coverage on HAIN with a Buy rating. Sees upside in consensus estimates in 2007. Sets $31 target price

Johnson Controls

(JCI) - Get Johnson Controls International plc (JCI) Report

upgraded at Baird: Baird raised its rating on Johnson Controls based on falling exposure to the auto market and an improving business model. Baird believes investors could soon revalue the stock as an "industrial stock".

Johnson Controls

(JCI) - Get Johnson Controls International plc (JCI) Report

numbers raised at Morgan Stanley: Morgan Stanley raises 2007-2008 EPS estimates for Johnson Controls and reiterates overweight rating.

NRG Energy

(NRG) - Get NRG Energy, Inc. Report

coverage initiated at Jefferies: Jefferies is initiating coverage on NRG with a Buy rating. See attractive valuation versus forward natural gas curve and expected improvement in cash flow. Price target at $55.

Powerwave Technologies

TheStreet Recommends

(PWAV)

downgraded at Credit Suisse: Credit Suisse is downgrading PWAV to Neutral from Outperform. Believes visibility into a recovery in revenue and earnings remains limited. Lowered target price to $8 from $12.

Starbucks

(SBUX) - Get Starbucks Corporation Report

downgraded at UBS: UBS is downgrading SBUX to Neutral from Buy based on valuation. Raised target price to $42 from $40.

TECO Energy

(TE)

downgraded at Credit Suisse: Credit Suisse is downgrading TE to Neutral from Outperform based on languishing steam coal prices. Lowered target price to $15.50 from $17.

STOCK COMMENTS / EPS CHANGES

Dominion

(D) - Get Dominion Energy Inc Report

price target lowered at Jefferies: Jefferies is cutting its target on D to $74 from $78 to reflect declines in oil and gas forward prices. 2007 estimates decreased to $5.50 from $6.10. Reiterated Hold rating.

Ford

(F) - Get Ford Motor Company Report

estimates cut at Morgan Stanley: Morgan Stanley is lowering Ford estimates for 2006-2008, but maintaining and equal weight rating.

Infosys

(INFY) - Get Infosys Limited Sponsored ADR Report

target raised at Jefferies: Jefferies is increasing its price target on INFY to $57 from $47 based on accelerating demand and seasonal margin recovery. Reiterated Buy rating.

Intel

(INTC) - Get Intel Corporation (INTC) Report

Removed From Conviction Buy List at Goldman: Goldman is removing INTC from its Conviction Buy List due to valuation. Shares are nearing $22 price target. Maintaining Buy rating.