NEW YORK (TheStreet) -- CHANGE IN RATINGS
Alliance Data (ADS Quote) upgraded at Suntrust from Neutral to Buy. $70 price target. Earnings growth is poised to accelerate, beginning next year. Altera (ALTR Quote) downgraded at Morgan Stanley from Overweight to Equal-weight. Checks indicate that earnings upside potential is muted. A123 Systems (AONE Quote) initiated at BofA/Merrill with an Outperform rating and $17 price target. 2009 and 2010 EPS estimates set at -$1.02 and -$0.64, respectively. A123 Systems (AONE Quote) rated new Equal-weight at Morgan Stanley. Stock already trades at a premium valuation, but has exposure to attractive end-markets. Apollo Commercial Real Estate Finance (ARI Quote) initiated at Barclays with an Overweight rating and $22 price target. 2009 and 2010 EPS estimates set at -$0.01 and $1.46, respectively. Artio Global (ART Quote) initiated at BofA/Merrill with a Neutral rating and $25 price target. 2009 and 2010 EPS estimates set at $1.44 and $1.79, respectively. Avalon Bay Communities (AVB Quote) upgraded at BofA/Merrill to Neutral from Underperform as market headwinds moderate. $70 price target. 2009 and 2010 EPS estimates set at $3.88 and $3.96, respectively. Canadian Solar (CSIQ Quote) upgraded at Barclays to Equal Weight from Underweight on near term fundamentals. Price target jumped to $16 from $11.50. 2009 and 2010 EPS estimates set at $1.34 and $1.60, respectively. CSX (CSX Quote) upgraded at Stifel from Hold to Buy. $51 price target. Valuation call, to reflect core price increases. Intel (INTC Quote) downgraded at Morgan Stanley from Overweight to Equal-weight. Company faces the risk of declining PC shipments. KLA-Tencor (KLAC Quote) downgraded at Morgan Stanley from Equal-weight to Underweight. $26 price target. Estimates also cut, to reflect the company's high foundry exposure.- Loading Comments...
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