Monday's Analysts' Upgrades and Downgrades

TSC Staff

CHANGE IN RATINGS

Chicago Mercantile Exchange (CME) 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) 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) 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) 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) 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) 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) initiated at Morgan Stanley with an overweight rating and $89 price target.

WellCare Health Plans (WCG) 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) 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) initiated at UBS with a Buy rating. Price target set at $48 and FY07 EPS estimate start at $1.04.

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