Credit Suisse's Rating and Price Target Changes 6/10

Credit Suisse made a number of rating and price target changes in a research report published today. Dollarama Inc. (DLMAF) was upgraded to Outperform from Neutral. At the same time, Credit Suisse raised its price target to C$37 from C$34. In the report, Credit Suisse states, "Management's execution has been pristine and the company's fundamentals are strong. We are now less concerned about the potential impact of Dollar Tree growth in Canada as compared to the impact of foreign entrants in other sectors of retail. Weather has crimped traffic, but this has not been a company-specific issue to Dollarama." Black Hills Corporation BKH was upgraded to Outperform from Neutral. At the same time, Credit Suisse reduced its price target on the company's stock from $34 to $33. The report states, "Good Growth Prospects: (a) We see regulated growth coming from CO power plants going in-service, future CO reliability and renewable spend, and general reliability spend in BHP and Cheyenne boosting 2012+ earnings power and (b) future E&P exploration potential in its 73,000 acre Mancos shale footprint, where we currently attribute zero value but should find some clarity in 4Q11 upon test well completion." On Thursday, Black Hills lost 3.65% of its value to close the day at $28.21. National Semiconductor Corp. NSM had its price target raised from $14 to $25. The report states, "NSM posted MayQ revenues and EPS well above CS/Street expectations as strength from industrials and comms more than offset the negative impact from Japan (1-2% hit to revs) and unofficially guided AugQ -1% on normal seasonality. Recent efforts to regain share, particularly in wireless, are seeing some traction, as product ramps at China/Taiwan TD handset customers offset expected weakness at RIMM/NOK. NSM reiterated TXN's expectations for the pending acquisition to be completed by the end of CY11." At the moment, Credit Suisse has a Neutral rating on the company's stock. On Thursday, National Semiconductor lost 0.04% of its value to close the day at $24.58. Its shares regained all of yesterday's losses in today's pre-market trading, however, rising 0.16% to $24.62.