Analysts' Upgrades and Downgrades
Monday's Analysts' Upgrades and Downgrades
TSC Staff
03/05/07 - 09:43 AM EST
CHANGE IN RATINGS
Chicago Mercantile Exchange (CME Quote) 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) 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) 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) 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) 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) 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) initiated at Morgan Stanley with an overweight rating and $89 price target.
WellCare Health Plans (WCG Quote) 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) 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) initiated at UBS with a Buy rating. Price target set at $48 and FY07 EPS estimate start at $1.04.
