CHANGE IN RATINGSCiena ( CIEN) estimates reduced at UBS through 2010. Company has little revenue visibility, and likely can't cut costs fast enough. Neutral rating and $6.25 price target. Ciena ( CIEN) upgraded at Credit Suisse to Neutral from Underperform. Stock essentially hit its target price of $6.
STOCK COMMENTS / EPS CHANGESAdvance Auto Parts ( AAP) numbers raised Morgan Stanley to $42. Estimates also increased, because of improving fundamentals. Overweight rating. American Eagle ( AEO) 2009 estimates lowered at RBC Capital to reflect more aggressive markdowns. Outperform rating and new $11 price target. General Dynamics ( GD) numbers cut at Barclays to $62. Estimates also lowered, because of lower Gulfstream deliveries. Overweight rating.
How you can survive -- and even prosper -- in a rocky midyear market? Get the "best ideas to make real money" from Jim Cramer, Doug Kass, Helene Meisler and other RealMoney experts at our May 2 Investment Conference. Learn more here.