Campbell Soup: Analysts' Upgrades, Downgrades


Campbell Soup ( CPB) downgraded at Deutsche Bank to Hold from Buy. Price target lowered to $35 from $38. 2010 EPS estimates lowered to $2.44 from $2.48.

Kraft Foods ( KFT) reinstated at Credit Suisse with an Outperform rating and $35 price target. Upward momentum in operating margins. 2010 and 2011 EPS estimates set at $2.15 and $2.45, respectively.

Palm ( PALM) downgraded at BofA/Merrill to Underperform from Buy on increased competition. Price target cut in half to $10. Estimates lowered through 2011.


Brocade Communications Systems ( BRCD) price target cut at Goldman to $9 from $10.50. Disappointing Jan-quarter, but we see solid value in Brocade shares. Maintain Buy rating.

Campbell Soup ( CPB) target, estimates lowered at Goldman. CPB price target trimmed by $2 to $36. 2011 and 2012 EPS estimates dropped to $2.66 and $2.88, respectively. Stock likely range-bound. Neutral rating.

Echo Global Logistics ( ECHO) target, estimates lower at Credit Suisse. ECHO price target cut to $17 from $20. Business mix causes shortfall in gross margins. Estimates slashed through 2012. Maintain Outperform rating.

Endo Pharmaceuticals ( ENDP) target, estimates boosted at Goldman. ENDP price target raised to $24 from $22.50 on strong 2010. Estimates raised through 2013. Maintain Neutral rating.

Equinix ( EQIX) price target cut at Citi to $106 from $110 after analysis of capital spending. 2011 EPS estimate raised to $3.42. Maintain Hold rating.

Nordstrom ( JWN) target, estimates boosted at BofA/Merrill. JWN price target improved by $2 to $40 as 4Q09 results beat expectations. 2011 and 2012 EPS estimates increased to $2.48 and $2.99, respectively. Neutral rating.

Lowe's ( LOW) target, estimates improved at Goldman. LOW price target raised to $26. Lowe's 4Q09 results reinforced that momentum is improving. 2010 and 2011 EPS estimates lifted to $1.44 and $1.70, 2012 introduced at $1.95. Maintain Neutral rating.

Oil State International ( OIS) target, estimates increased at Goldman. OIS price target raised by $2 to $49. Execution remain solid and early-cycle outlook improving. Estimates raised through 2012. Maintain Neutral rating.

TeleTech Holdings ( TTEC) target, estimate tweaked at Citi. TTEC price target raised to $21 from $19. 2010 EPS estimates lowered to $1.26. Good operating margins, poor cash flow. Reiterate Hold.

Texas Roadhouse ( TXRH) target, estimates raised at Credit Suisse. TXRH price target raised by a dollar to $16 after strong 4Q09 results. 2010 and 2011 EPS estimates lifted to 79 cents and 88 cents, respectively. Maintain Outperform rating.

Xilinx ( XLNX) estimates boosted at Credit Suisse. XLNX estimates raised through 2012 after a positive analysts day. Discussed target model which indicates upside growth. Maintain Neutral rating and $25 price target.

XenoPort ( XNPT) target increased, estimates lowered at Goldman. XNPT price target raised by a dollar to $9. Positive data from pancreatic cancer drug but regulatory path remains uncertain. Estimates lowered through 2012. Maintain Neutral rating.
This article was written by a staff member of