CHANGE IN RATINGSArrow Electronics ( ARW) initiated at Deutsche Bank with a Hold rating and $24 price target. Introduces 2009 EPS estimates of $1.43. Avnet ( AVT) initiated at Deutsche Bank with a Hold rating and $25 price target. Introduces 2009 EPS estimates of $1.92. Blackboard ( BBBB) downgraded at Merrill/BofA to Neutral from Buy as budget constraints cause little upside. Price target increased to $34 from $32. 2009 and 2010 EPS set at $1.29 and $1.83, respectively.
STOCK COMMENTS / EPS CHANGESBB&T ( BBY) estimates, target reduced at Morgan Stanley. Shares now seen reaching $32. Estimates cut to reflect commercial real estate losses. Equal-weight rating. Canadian National ( CNI) target raised at Credit Suisse to $42 from $41.The co. expects volume in 2H09 to be better as they have seen signs of improvement and a gradual recovery taking place. Maintained Neutral rating. Cisco Systems ( CSCO) price target, estimates boosted at Barclays to $23 from $20 as US networking demand has improved. 2009 and 2010 EPS estimates raised to $1.33 from $1.32 and to $1.30 from $1.20, respectively. Maintain Overweight rating. Citrix Systems ( CTXS) price target, estimate cut at Barclays to $39 from $36 on more attractive XenDesktop. 2009 EPS trimmed to $1.64 from $1.68 on weak European market. Maintain 2010 EPS estimate of $1.86 and Overweight rating. Eaton ( ETN) estimates cut at Morgan Stanley through 2010. Demand is weak, and estimates are below guidance for the rest of the year. Equal-weight rating and $47 price target. Edwards Lifesciences ( EW) target raised at Credit Suisse to $74 from $73 to reflect the progress in the TAVI (transcatheter aortic valve) sales program. Maintained Outperform rating. Halliburton ( HAL) target raised at Credit Suisse to $26 from $22. Growth prospects and valuation drove the firm to increase its target price on the co. Recent positives from the co.'s quarter are cash generation, managing expectations, cross-functional cooperation, business development with larger clients, and new technology introduction. Maintained Outperform rating. Hasbro ( HAS) price target, estimates lifted at Barclays to $31 from $30 on accelerating Transformer sales and valuation. 2009 and 2010 EPS estimates increased to $2.24 from $2.10. Reiterate Equal Weight rating.
Regency Centers ( REG) price target, estimates slashed at Barclays to $36 from $40 as the company cut its operating and financial guidance. 2009 and 2010 EPS estimates dropped to $2.52 from $3.09 and to $2.78 from $2.98, respectively. Reiterate Overweight rating.RadioShack ( RSH) price target, estimates increased at Barclays to $15 from $14 driven by margin outperformance. 2009 and 2010 EPS estimates bumped up to $1.42 from $1.40 and to $1.34 from $1.26, respectively. Maintain Equal Weight rating. Trina Solar Limited ( TSL) price target, estimates raised at Barclays to $24 from $23 on upside to Q2 results/Q3 guidance. 2009 and 2010 EPS estimates increased to $1.80 from $1.00 and to $2.30 from $2.20, respectively. Maintain Equal Weight rating. Texas Instruments ( TXN) price target, estimates raised at Barclays to $25 from $22 on better than expected 2Q results. 2009 and 2010 EPS estimates increased to $0.92 from $0.78 and to $1.50 from $1.22, respectively. Maintain Equal Weight rating. Texas Instruments ( TXN) numbers raised to $25 at Friedman, Billings Ramsey. Estimates also increased to reflect growth and higher margins. Market Perform rating. Weatherford International ( WFT) target lowered at Credit Suisse to $23 from $24. As the co. continues to grow, the firm fears that higher spending is likely to persist given expansion and asset intensity. Maintained Outperform rating.