Change in RatingsAffiliated Computer Services (ACS) downgraded at Goldman to Neutral from Buy based on limited near-term catalysts. Note bookings momentum, operating profit growth and potential for accelerated organic revenue growth in back half of 2009. Price target at $56.
Automatic Data Processing (ADP) downgraded at Goldman to Neutral from Buy based on rising unemployment and limited near-term catalysts. See solid long-term position but slowing revenue growth. Price target at $50.
Mastercard (MA) upgraded at Goldman to Buy from Neutral following recent 25% correction from June highs. See attractive entry point relative to long-term growth trajectory of 12%-15%. Note new IPS platform and strong European presence. Price target at $275.
Content Continues Below
Stock Comments/EPS ChangesAT&T (T) target lowered at Credit Suisse to $36 from $39. Cites higher cost of capital given the state of the macroeconomic environment. Maintained Neutral rating.
© 1996 -
2008 TheStreet.com, Inc. All rights reserved.
Most Read Articles from TheStreet.com
Stocks With Insider Buying, Buybacks: CVS
Large repurchases make CVS and Lexmark stocks to watch.
Kodiak Joins 'Stocks Under $10' Watch List
The main catalyst for the oil and gas company lies in the Bakken Shale play, located in the Williston Basin of North Dakota and Montana.
Cramer on Top-Searched Stocks: Joy Global
Joy Global is among the most-searched stocks on <I>TheStreet.com</I>. Here's what Cramer had to say about it recently.