Showing posts with label Federal Signal. Show all posts
Showing posts with label Federal Signal. Show all posts

Wednesday, April 27, 2011

Federal Signal (FSS) (LXK) (ROP) (SMP) (SWY) Get Ratings Downgrades

Federal Signal Co. (NYSE: FSS), Lexmark International, Inc. (NYSE: LXK), Roper Industries Inc (NYSE: ROP), Standard Motor Produ (NYSE: SMP) and Safeway Inc. (NYSE: SWY) get analyst downgrades.

BMO Capital Markets downgraded Federal Signal Co. (FSS) from an “Outperform” rating to a “Market Perform” rating. They place a price target of $7 on the company. The downgraded catalyst was based on valuation.

Citigroup (NYSE:C) downgraded Lexmark International, Inc. (LXK) from a “Buy” rating to a “Hold” rating. They set a price target of $36 on the firm, down from $55.

Oppenheimer downgraded Roper Industries Inc (ROP) from an “Outperform” rating to a “Perform” rating.

BB&T (NYSE:BBT) downgraded Standard Motor Produ (SMP) from a “Buy” rating to a “Hold” rating.

Jefferies (NYSE:JEF) downgraded Safeway Inc. (SWY) from a “Buy” rating to a “Hold” rating. They set a price target of $25.00 on the company, down from $26.

Encore (ENP) (FSS) (MAS) (YOKU) (BRCM) Get Ratings Downgrades

Encore Energy (ENP), Federal Signal (FSS), Masco (MAS), Youku.com (YOKU) and Broadcom (BRCM) all downgraded by analysts on April 27.

Encore Energy (ENP) was cut from from "Outperform" to "Neutral" by Robert W. Baird. They placed a price target of $25 a share on Encore.

Federal Signal (FSS) was downgraded from "Outperform" to "Market Perform" by BMO Capital.

Masco (MAS) was downgraded from "Sector Perform" to "Underperform" by RBC Capital.

Youku.com (YOKU) was downgraded by Goldman Sachs (NYSE:GS) from "Buy" to "Neutral."

Broadcom (BRCM) was removed from Goldman's list of "Conviction Buys."

Emerson (EMR) (LO) (FSS) (GPK) Get Ratings Updates

Shares of Emerson Electric (NYSE:EMR), Lorillard (NYSE:LO), Federal Signal (NYSE:FSS) and Graphic Packaging (NYSE:GPK) all received ratings updates from various brokerages.

Emerson Electric (EMR) was upgraded by Oppenheimer from "Perform" to "Outperform." Oppenheimer has a price target of $74 Emerson. Growth in emerging markets is the major catalyst for the upgrade.

Lorillard (LO) was upgraded by Citigroup (NYSE:C) from "Hold" to "Buy" on strong results in the first quarter of 2011, along with improving fundamentals, according to Citigroup. Citig increased its price target on Lorillard from $90 to $122.

Federal Signal (FSS) was downgraded by BMO Capital from "Outperform" to "Market Perform," BMO Capital cited valuation based on a $7 price target as the catalyst.

Graphic Packaging (GPK) was rated a new "Buy" by Goldman Sachs (NYSE:GS). Goldman has a price target of $6.25 on Graphic. A favorable price environment is helping drive the company, which is also managing costs well.