Plantronics ( PLT) downgraded at Baird to Neutral. $32 price target. Recent guidance was short of expectations, and the stock now looks fully valued. Pactiv ( PTV) upgraded at Deutsche Bank from Hold to Buy. $35 price target. Stock is attractively valued, following the recent sell-off. Margins should also improve, once the Prairie Packaging acquisition is fully integrated. Under Armour ( UA) upgraded at UBS to short-term Neutral rating from Sell. Price target dips to $64 from $68 while FY 2008 eps estimates hold at $1.32. Weatherford International ( WFT) upgraded at Credit Suisse to Outperform from Neutral based on valuation. Expects multiple expansion with continued solid execution. Raised target price to $82 from $69.
Dupont ( DD) added to Focus List at JP Morgan. $56 price target. Company is performing well, despite a weak US market. Estimates also raised, to reflect higher returns. ImClone ( IMCL) numbers cut at FBR from $45 to $42 to reflect lower Erbitux estimates. Maintained Market Perform rating. Level 3 Communication ( LVLT) 2008 estimates cut at Credit Suisse to ($0.38) from ($0.20) after Q3 results and guidance was below expectations. Lowered target price to $5 from $8 but maintained Outperform rating after recent sell-off. Morgan Stanley ( MS) 2007 estimates cut at Goldman to $7.60 from $8.35. Losses in credit and quant strategies overshadowed what was otherwise a solid quarter. Price target at $90. Research in Motion ( RIMM) numbers raised at UBS. Price target jumps to $150 from $125 and FY 2009 upped to $3.01 from $3.00. Reiterates Buy rating. Riverbed ( RVBD) 2008 estimates raised at Deutsche Bank by 9 cents to 84 cents a share to reflect higher growth expectations. Maintained Buy rating.