Credit Suisse's Estimates and Price Target Changes 6/9

Credit Suisse made a number of estimates and price target revisions in a research report published today. UnitedHealth Group UNH had its price target raised to $69 from $62. In the report, Credit Suisse states, " [the company's] growth target seems more achievable now than it did last November when they first laid it out. It is higher than competitors in the 10%-12% range, warranting a premium P/E multiple in our view. We expect UNH to widen the gap with a higher P/E vs. peers, and raise our EPS estimates and price target on UNH." At the moment, Credit Suisse has an Outperform rating on the company's stock. On Wednesday, UnitedHealth lost 0.48% of its value to close the day at $48.20. Texas Instruments Inc. TXN had its earnings estimates lowered. The report states, "We lower CY11 rev/EPS to $14.1bn/$2.41 from $14.4bn/$2.50 (Street $14.4bn/$2.50) and lower CY12 rev/EPS to $14.7bn/$2.77 from $14.9bn/$2.81 (Street $15.2bn/$2.83) on NOK impact and accelerated baseband declines." At the moment, Credit Suisse has an Outperform rating and a price target of $40 placed on the company's stock. On Wednesday, Texas Instruments lost 1.8% of its value to close the day at $32.67. Its shares continued to slide in today's pre-market trading, after falling 0.06% to $32.65. Ashland Inc. ASH had its earnings estimates lowered as well. The report states, "We are reducing our 2011 EPS for ASH to $3.49 from $3.64 to reflect a host of headwinds including: 1) $5 mil lower earnings in Valvoline tied to flooding in the Mississippi and Ohio River system that constrained supply and increased costs, and 2) higher corporate/unallocated costs owing to ASH calling for $10 mil stranded costs in the quarter (we were previously assuming $6 mil) and $5 mil pension and other postretirement expenses tied to ASH Distribution employees." At the moment, Credit Suisse has an Outperform rating and a price target of $81 placed on the company's stock. On Wednesday, Ashland lost 1.45% of its value to close the day at $61.80.