CHANGE IN RATINGS
Chicago Mercantile Exchange (CME Quote - Cramer on CME - Stock Picks) upgraded at Credit Suisse to Outperform from Neutral based on strong earnings contribution from CBOT. Raises target price on to $650 from $580.
Cognos (COGN Quote - Cramer on COGN - Stock Picks) upgraded at Credit Suisse to Outperform from Neutral based on fundamentals and strategic value support at a higher valuation. Maintained $46 target price.
Eagle Bulk Shipping (EGLE Quote - Cramer on EGLE - Stock Picks) upgraded at UBS to Buy rating from Neutral at UBS. Price target lifts to $20.50 from $19.50. 2007 EPS estimates bump up to $1.47 from $1.45.
Fluor (FLR Quote - Cramer on FLR - Stock Picks) upgraded at Credit Suisse to Outperform from Neutral based on reduced risk associated with embassy problem projects. Raised target price to $112 from $80.
Global Industries (GLBL Quote - Cramer on GLBL - Stock Picks) numbers raised at Jefferies. Price targets bumps up to $22 from $20. 2007 EPS estimates rise to $1.75 from $1.30. Reiterates Buy rating.
Humana (HUM Quote - Cramer on HUM - Stock Picks) downgraded at Jefferies to Hold rating from Buy at Jefferies. Price target drops to $60 from $75. EPS estimates for 2007 and 2008 hold at $4.15 and $4.70, respectively.
3M (MMM Quote - Cramer on MMM - Stock Picks) initiated at Morgan Stanley with an overweight rating and $89 price target.
WellCare Health Plans (WCG Quote - Cramer on WCG - Stock Picks) downgraded at Jefferies to Hold rating from Buy. Price target drops to $80 from $90. EPS estimates for 2007 and 2008 hold at $4.20 and $5.00, respectively.
Horizon Lines (HRZ Quote - Cramer on HRZ - Stock Picks) upgraded at UBS to Neutral rating from Reduce at UBS. Price target and 2007 EPS estimates hold at $30 and $1.54, respectively.
STOCK COMMENTS / EPS CHANGES
Time Warner Cable (TWC Quote - Cramer on TWC - Stock Picks) initiated at UBS with a Buy rating. Price target set at $48 and FY07 EPS estimate start at $1.04.
TSC Staff
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