Moodys ( MCO) upgraded at Piper Jaffray. Rating raised to Overweight from Neutral. Price target raised to $32 from $30. 2009 EPS estimates raised to $1.55 from $1.52. Steel Dynamics ( STLD) upgraded at Merrill/BofA from Neutral to Buy. $17 price target. Analyst poll suggests that the steel market is recovering from the botton.
State Street ( STT) estimates cut, target raised at Credit Suisse because of the TARP repayment. That said, business fundamentals likely improved from the first quarter. Outperform rating and new $54 price target. Time Warner Cable ( TWC) numbers increased at Barclays to $33. Estimates also raised, to reflect lower debt expenses. Equal-weight rating. MEMC Electronic ( WFR) 2009 estimates lowered at Kaufman because of evidence of weaker solar and semiconductor demand. Buy rating and $24 price target. XL Capital ( XL) target raised at Friedman, Billings Ramsey to $17. Book value has stabilized and the company is on the road to recovery. Outperform rating. Exxon Mobil ( XOM) numbers increased at Barclays through 2010. Company should benefit from higher oil prices. Equal-weight rating and new $91 price target.