AmerisourceBergen ( ABC) upgraded at Deutsche to Buy. $41.50 price target. Company has the cleanest fundamentals in the business. Expect little industry reform risk. DryShips ( DRYS) upgraded at Oppenheimer from Perform to Outperform. $8 price target. See little further dilution after the latest offering. Fidelity National ( FIS) upgraded at Oppenheimer. Rating raised to Outperform from Perform. Establishes price target of $25. Maintains 2009 EPS estimates of $1.61. Illinois Tool Works ( ITW) downgraded at BB&T from Buy to Hold. Valuation call, as sales are weak but stable. Palm ( PALM) downgraded at Morgan Joseph from Buy to Hold. Valuation call, with the stock reaching the $10 price target. Quality Systems ( QSII) downgraded at BB&T to Hold. Valuation call, as the stock is up 79% since December 3.
STOCK COMMENTS / EPS CHANGES
Advanced Micro Devices ( AMD) estimates lowered at UBS. AMD loss estimates widened through 2010. Company seeing higher sales on improved PC trends, but is realizing higher loss from the Globalfoundries subsidiary. Neutral rating and $2.20 price target. Baxter ( BAX) estimates raised at UBS through 2010. Bioscience division continues to be the main growth driver. Buy rating and $60 price target. Bed, Bath & Beyond ( BBBY) numbers upped at Barclays to $27. Estimates also increased, following an upbeat meeting with management. Equal-weight rating. Biogen Idec ( BIIB) estimates, target raised at Barclays to $40. Estimates also raised to reflect lower tax rates. Underweight rating. Crown Holdings ( CCK) numbers raised at UBS to $29. Estimates also increased, because of improved operating efficiency. Buy rating. Cypress Semi ( CY) estimates lowered at UBS through 2010. Company realizing better sales, but is facing higher stock compensation costs. Neutral rating and $7 price target.