Agilent ( A) upgraded at Credit Suisse to Outperform from Neutral based on valuation and improving demand. Also sees limited downside. Raised target price to $20 from $15. AutoZone ( AZO) downgraded at UBS to Neutral from Buy. Price target raised to $175 from $150. 2009 EPS estimates raised to $11.65 from $10.75. Fluor ( FLR) downgraded at BofA/Merrill Lynch to Underperform from Neutral due to continued cuts in industry capex. Believe company's outlook is too optimistic and that margins will face significant pressure as peers become more aggressive in bidding for projects. Price target cut to $29 from $43. General Mills ( GIS) upgraded at BofA/Merrill Lynch. Rating raised to Buy from Neutral. Price target lowered to $52 from $62. 2009 EPS estimates lowered to $3.89 from $3.95. Corning ( GLW) upgraded at Citigroup to Buy from Hold. Target price raised to $16.00 from $11.25. 2009 EPS estimates raised to $0.70 from $0.51. Harris ( HRS) downgraded by Oppenheimer to Perform from Outperform. Price target lowered to $35 from $60. 2009 EPS estimates lowered to $3.77 from $3.94. Mead Johnson Nutrition ( MJN) rated new Neutral at Credit Suisse. Cites strong platform in emerging markets and a brand with a highly loyal base. However, stock trades at a premium to its peers. Sets Neutral rating and $30 target price. O'Reilly Automotive ( ORLY) downgraded at UBS to Neutral from Buy. Price target raised to $38 from $35. 2009 EPS estimates raised to $1.90 from $1.85.
STOCK COMMENTS / EPS CHANGES
Best Buy ( BBY) price target raised at Goldman to $35 from $33 based on higher sales expectations. Note improving sales data and channel checks that suggest tight TV supplies. Maintained Buy rating. Cerner ( CERN) downgraded by Deutsche Bank to Hold from Buy. Price target lowered to $43 from $46. Maintains 2009 EPS estimates of $2.30.