Tenet Healthcare ( THC) upgraded at RBC from Underperform to Sector Perform. $3.50 price target. Company has re-financed its debt, and should be able to turn its business around. Wynn Resorts ( WYNN) upgraded at Keybanc to Hold from Underweight. A stable balance sheet and cashflow along with an attractive valuation has led to the increase in ratings. Has reached its price target of $38 which was set on May 5th, 2009.
JetBlue ( JBLU) estimates through 2010, target reduced at UBS. Financing is dilutive to profit. Neutral rating and new $5.25 price target. Johnson Controls ( JCI) target raised at Barclays to $19. Company should benefit from higher demand for Lithium-Ion batteries. Equal-weight rating. Mattel ( MAT) target raised at UBS to $16. Company should benefit from a stabilization of the US economy. Neutral rating. Medtronic ( MDT) target raised at Credit Suisse to $39. Company held a strong investor meeting, and market expectations remain low. Neutral rating. Mosaic ( MOS) estimates cut through 2010 at UBS. Company is seeing near-term DAP pricing pressure, especially if China increases exports. Buy rating and $63 price target. Noble Energy ( NBL) target increased at Barclays to $65. Company remains on track to double its production over the next 5 years. Overweight rating. Pepsi Bottling Group ( PBG) target raised at Credit Suisse to $35 from $24 following a raise of full year guidance and expectations of a deal with Pepsi. Maintained Neutral rating. Philip Morris ( PM) numbers raised at Morgan Stanley to $54. Estimates also boosted, to reflect the weak US dollar. Overweight rating. Sunpower ( SPWR) target raised at Barclays to $25. Meeting with management suggested that rooftop markets could be improving in the U.S. and Germany. Equal-weight rating. UPS ( UPS) estimates raised at Morgan Stanley because of the weaker dollar. Underweight rating.