TWI posts
FeedPosted Nov 25th 2008 11:41AM by Laurie Pasternack (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Apple Inc (AAPL), Motorola (MOT), Avon Products (AVP), Black and Decker (BDK), Campbell Soup (CPB), Kroger Co (KR), Lockheed Martin (LMT), Abercrombie and Fitch (ANF), Analyst Initiations, Blackstone Group L.P (BX)
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Analyst upgrades:
Analyst downgrades:
- Merrill downgraded Campbell Soup (NYSE: CPB) to Neutral from Buy and expects marketing and promotional spending to limit earnings growth in 2009 and 2010. The firm lowered their target to $35 from $42.
- Mechel Steel (NYSE: MTL) was cut to Underweight from Equal Weight at Morgan Stanley to reflect declining coal demand.
- Friedman Billings downgraded shares of Legg Mason (NYSE: LM) to Underperform from Market Perform on liquidity concerns given the Legg Mason's leveraged balance sheet and falling EBITDA. The firm lowered their target to $7 from $11.
Continue reading Analyst calls: RBC, BDK, KR, LEN, KR, CPB, MTL, LM, PIR, AAPL, AVP ...
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