CHANGE IN RATINGS
Checkfree (CKFR Quote) upgraded at Citigroup:
CKFR was upgraded to Buy, Citigroup said. Stock has been sold down on maturity concerns, though ePayments growth potential remains strong.
Coldwater Creek (CWTR Quote) coverage initiated at Goldman Sachs:
Goldman said it is initiating coverage on CWTR with a Neutral rating. See attractive earnings prospects but high expectations. Multi-channel strategy attracts middle-aged, female shoppers with proprietary, casual merchandise. Target price at $30.
EOG Resources (EOG Quote) downgraded at UBS:
EOG downgraded to Neutral on valuation, said UBS. Raises price target to $79.00 from $74.00 and eps estimates to $12.95 from $12.75.
Medarex (MEDX Quote) upgraded at Morgan Stanley:
Morgan Stanley said it is upgrading MEDX to Overweight from Equal Weight based on increased confidence that Phase III trials for anti-CTLA-4's drug will be positive. Maintained $22 target price.
McGraw-Hill (MHP Quote) downgraded at AG Edwards:
Rating on MHP was cut from Buy to Hold, AG Edwards said. Stock is up 37% since July, and is reaching the $69 fair value estimate.
Real Networks (RNWK Quote) initiated at Jefferies:
RNWK initiated with Underperform rating at Jefferies. Price target set at $8.50.
STOCK COMMENTS / EPS CHANGES
Advance Auto Parts (AAP Quote) estimates cut at Credit Suisse:
Credit Suisse said it is cutting its 2007 EPS estimates on AAP to $2.46 from $2.56 after company lowered its long-term guidance. Maintained Outperform rating.
UBS (ARO Quote) raises estimates on Aeropostale:
ARO numbers raised at UBS. Price target goes to $31.00 from $30.00 and EPS estimates bumps up to $2.18 from $2.15. Reiterates Neutral rating.
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