Friday's Analysts' Upgrades and Downgrades

 

Change in Ratings

Credit Suisse is upgrading Heinz(HNZ Quote) to Outperform from Neutral based on limited risk and very high visibility to earnings growth. Maintained $50 target price.

Moody's(MCO Quote) upgraded to Buy rating from Neutral at UBS. Price target and 2007 EPS estimates hold at $76 and $2.60, respectively.

Sock Comments/EPS Changes

Global Crossing(GLBC Quote) price target raised at Jefferies. Price target rises to $34 from $29. Reiterates Buy rating.

Manitowoc(MTW Quote) numbers raised at UBS. Price target rises to $60 from $58 and 2007 EPS estimates bump up to $4.30 from $4.00. Reiterates Buy rating.

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