Och-Ziff Capital ( OZM) upgraded at Goldman Sachs to Buy from Neutral. See potential for sharp EPS rebound in 2010 and view April performance as potential catalyst. Note that institutional focus should lead to market share gains. Target price raised to $9 from $6. Smithfield Foods ( SFD) downgraded at Barclays. Rating lowered to Underweight from Equal weight. Price target lowered to $6 from $24. Maintains 2009 EPS estimates of -$1.36. Whole Foods ( WFMI) downgraded at Morgan Stanley from Equal-weight to Underweight. $15 price target. Valuation call, as the stock has more than doubled on the year.
Level 3 Comm. ( LVLT) estimates cut at Morgan Stanley through 2010. Company is seeing falling sales, and may not be able to keep up with cost-cutting. Underweight rating. Mead Johnson ( MJN) numbers raised at Morgan Stanley through 2011. Earnings were helped by a lower tax rate, but business is Asia is also going well. Equal-weight rating and new $29 price target. Under Armour ( UA) target raised at Merrill/BofA to $28. Company is seeing growth in the core apparel and footwear markets. Buy rating. Paccar ( PCAR) estimates lowered at UBS through 2010. Company seeing lower production levels and higher finance delinquency rates. Sell rating and $20 price target. Under Armour ( UA) target raised at Merrill/BofA to $28. Company is seeing growth in the core apparel and footwear markets. Buy rating. Waters ( WAT) estimates, target raised at UBS through 2010. Company posted strong sales and was aided by currency last quarter. Netural rating and new $45 price target. US Steel ( X) estimates cut at UBS through 2010. Company needed to raise cash, but cyclical pressures and structural challenges remain. Sell rating and $16 price target.