Merrill Lynch
UPGRADES:
Goldman Sachs upgrades ETrade (Nasdaq: ETFC) from Neutral to Buy and raised their 6-month price target from $1.70 to $2.30. The firm cited improving trends in the bank and broker segments.
Merrill Lynch/BAM is upgrading Sandisk (NASDAQ: SNDK) to Buy from Undererform with a $30 target (prev. $9.90). Click here to read the full report.
JP Morgan upgrades Toll Brothers (NYSE: TOL) from Neutral to Overweight with a ...
StreetInsider.com Morning Movers:
Cypress Bioscience, Inc. (Nasdaq: CYPB) 27% HIGHER; Forest Laboratories and Cypress Bioscienceannounced that Savella, a selective serotonin and norepinephrine dual reuptake inhibitor, was approved by the FDA for the management of fibromyalgia.
Satyam Computer Services Ltd. (NYSE: SAY) 21% LOWER; India's government said it has no plans to give the company a bailout following last week's news that the Chairman falsified earnings and assets for years.
Trimble (Nasdaq: TRMB) 19% LOWER; revises its Q4 sales guidance to a range of $268-$269 million, versus the consensus of $313.16 million. EPS for the quarter move to $0.22-$0.24, versus the Street estimate of $0.33.
Marshall & Ilsley Corporation (NYSE: MI) 18% LOWER; reports Q4 loss of $1.55, versus the analyst estimate of $0.07. Marshall & Ilsley Corporation announced that the quarterly cash dividend has been reduced to $0.01 per share. The ...
UPGRADES:
Merrill Lynch upgrades GlaxoSmithKline (NYSE: GSK) from Underperform to Neutral.
Merrill Lynch upgrades Archer-Daniels Midland (NYSE: ADM) from Neutral to Buy.
Jefferies & Co upgrades Anadarko Petroleum (NYSE: APC) from Hold to Buy.
UPGRADES:
Fox-Pitt Kelton upgrades MasterCard (NYSE: MA) from In-Line to Outperform with a $300 price target, citing valuation. The firm also sees a potential catalyst in the third quarter.
Sanford C. Bernstein upgrades Hewlett-Packard (NYSE: HPQ) from Market Perform to Outperform, following the purchase of EDS. The firm raised its price ...
StreetInsider.com Pre-Open Movers:
Pharsight Corporation (Nasdaq: PHST) 35% HIGHER; Tripos agreed to acquire Pharsight Corporation for approximately $57 million in cash, or $5.50 per share. Tripos is wholly owned by Vector Capital, a San Francisco-based private equity.
tw telecom inc. (Nasdaq: TWTC) 24% LOWER; sees slower growth. Downgraded by two firms
H.B. Fuller Company (NYSE: FUL) 17.8% LOWER; lowers its FY08 EPS guidance from $1.75-$1.86 to $1.55-$1.60, versus the consensus of $1.80. Q3 and Q4 EPS are expected to be $0.44 and $0.40-$0.45, respectively.
CapitalSource Inc. (NYSE: CSE) 16.1% LOWER; today announced that its Board has approved a ...
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Merrill Lynch Downgrades Procter & Gamble (PG) to Neutral
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David Moenning's Daily State of the Markets: 04/30
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David Moenning's Daily State of the Markets: 4/17
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Notable Analyst Rating Changes 4/17: RAI, LDK, CPB Upgraded; X, PG, ITW Downgraded
