CHANGE IN RATINGS
Avis Budget (CAR Quote) initiated at Goldman Sachs:
Goldman is initiating coverage on CAR with a Buy rating and $27 target. Company positioned to take advantage of structural changes in car rental industry , with stronger pricing in 2007/2008, and moderating fleet costs in 2008.
Camden Property Trust (CPT Quote) upgraded at Morgan Stanley:
Morgan Stanley upgrades Camden Property Trust from equalweight to overweight with an $84 price target.
Digital Insight (DGIN Quote) downgraded at AG Edwards:
AG Edwards downgrades Digital Insight to sell, as it believes a higher bid seems unlikely at this point.
Endo (ENDO Quote) upgraded at Jefferies:
ENDO upgraded to Buy rating from Hold at Jefferies. Price target lifts to $35 from $33. 2007 EPS estimates upped to $1.73 from $1.65.
Group 1 Auto (GPI Quote) upgraded at Wachovia:
GPI was upgraded to Outperform at Wachovia. 2007 earnings guidance will likely prove conservative, as the company should be able to manage sales and inventory during a difficult environment.
Gap Stores (GPS Quote) downgraded at AG Edwards:
AG Edwards downgrades Gap Stores to sell from hold and believes the stock has downside to $15 if the stock trades on fundamentals.
Garmin (GRMN Quote) downgraded at Merrill:
GRMN was downgraded from Buy to Neutral at Merrill Lynch. Estimates also cut through 2008, as the company will face increased competition at the retail level over time.
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TSC Staff
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