Notable Analyst Rating Changes 7/15: NKE, ICE, LEN Upgraded; WB, AIG, KMB Downgraded
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More News related to ICE
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- Notable Analyst Rating Changes 9/4: SAI, STLD Upgraded; MRVL, LM, FRX Downgraded
- Notable Mergers and Acquisitions of the Day 9/4: OTEX/CAPA, THRM, RHT
StreetInsider.com Notable Analyst Rating Changes:
UPGRADES:
Susquehanna upgrades NIKE (NYSE: NKE) to Positive with a $70 price target. The upgrade is due to the belief that the company's prospects in the U.S.. are improving and because of its low current valuation multiple of 14.0x our FY09 EPS estimate of $3.98.
BMO Capital upgrades IntercontinentalExchange (NYSE: ICE) from Market Perform to Outperform. Price target $130.
UBS upgrades Lennar (NYSE: LEN) from Sell to Neutral.
For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades
DOWNGRADES:
Oppenheiner analyst Meredith Whitney downgraded Wachovia (NYSE: WB) from Perform to Underperform, saying the earnings outlook has dramatically diminished and prospects for stockholders are "bleak".
Wachovia downgrades AIG (NYSE: AIG) from Outperform to Market Perform with a $25 to $30 valuation range. The firm also lowers their 2008 operating EPS estimate from $1.90 to $1.15 while their 2009 operating EPS estimate falls from $6.49 to $5.40.
Wachovia downgrades Kimberly-Clark Corporation (NYSE: KMB) from Outperform to Market Perform with a $60 to $63 valuation range. The firm also lowers their FY08 EPS estimate from $4.48 to $4.25 and their FY09 EPS estimate falls from $4.83 to $4.55.
For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades
NEW COVERAGE:
Pacific Growth Equities initiates coverage on Cisco Systems (Nasdaq: CSCO) with a Neutral.
Jesup & Lamont initiates coverage on Transocean (NYSE: RIG) with a Buy rating.
Soleil Securities initiates WMS Industries (NYSE: WMS) with a Buy rating and a $34 price target.
For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage
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