Analysts' Upgrades and Downgrades
Friday's Analyst Upgrades, Downgrades
TSC Staff
12/28/07 - 11:45 AM EST
Changes in Ratings
Alliant Techsystems(ATK Quote) coverage is initiated at Cowen with a neutral rating. Company has solid near-term visibility, but estimates are not materially above consensus.
El Paso Pipeline Partners(EPB Quote) coverage is initiated at Lehman with an overweight rating and a $27 target price. Lehman says El Paso's organic growth is superior to that of most master limited partnerships (MLPs).
3PAR(PAR Quote) coverage is initiated at Goldman with a neutral rating due to limited room for multiple expansion and upside needed to drive shares higher.
Stock Comments / EPS Changes
UBS raises price targets on the legal consulting industry, on the basis of increased bankruptcies and securities litigation stemming from problems in the credit markets.
FTI Consulting(FCN Quote) is favorite, with a target increasing to $80 from $65.
LECG's(XPRT Quote) target is raised to $23 from $20;
Huron(HURN Quote) is raised to $100 from $83; and
CRA International's(CRAI Quote) target is raised to $70 from $64. All have buy ratings.
