Analysts' Upgrades and Downgrades

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Friday's Analysts' Upgrades, Downgrades

TheStreet.com Ratings Staff

Change in Ratings

America MovilAMX downgraded at Goldman Sachs to neutral from buy after first-quarter EBITDA missed expectations. See less attractive growth profile based on poor Mexico numbers. Price target lowered to $72 from $80.40.

CelesticaCLS upgraded at CIBC. Rating raised to sector outperformer from sector performer. Price target raised to $12 from $7. Raised 2008 EPS estimates to 80 cents from 58 cents.

KrogerKR upgraded at Goldman Sachs to buy from neutral based on fundamentals and recent relative underperformance vs. other consumer discretionary and staples subsectors. Note catalysts including monthly PPI/CPI data, benefits from fiscal stimulus package, and solid operating margins. Price target at $31.

Wal-MartWMT upgraded at Merrill Lynch to buy based on traction in turnaround efforts and potential multiple expansion. See less canibalization from new stores, continued improvement in merchandise and operations, share gains and some benefits from government tax rebates. Price target at $65.

Newmont MiningNEM upgraded by CIBC to sector performer from sector underperformer. Price target increased to $65 from $63. Maintains 2008 EPS estimates of $3.16.

Tenet HealthcareTHC upgraded at Credit Suisse to outperform from neutral based on improving hospital pricing trends and progress in THC's recovery. Price target raised to $8 from $6.

Wendy'sWEN upgraded at Goldman to neutral from sell based on merger announcement with TriarcTRY. WEN shareholders receive 4.25 shares of Triarc per share. First-quarter results came in below expectations. Price target at $27.

Stock Comments/EPS Changes

AmeriCreditACF 2008 EPS estimates lowered at Jefferies to 88 cents from 98 cents. Maintains hold rating and $11 price target.

AutodeskADSK numbers raised at Jefferies. Fiscal 2009 EPS estimates raised to $2.25 from $2.20. Price target increased to $41 from $40. Maintains hold rating.

Autodesk numbers raised at UBS. 2008 EPS estimates increased to $1.76 from $1.72. Raised price target to $40 from $38. Maintains neutral rating.

American ExpressAXP 2008 EPS estimates raised at UBS to $3.05 from $2.95. Maintains sell rating and $45 price target.

Biogen IdexBIIB 2008 EPS estimates raised at Jefferies to $3.43 from $3.29. Maintains hold rating and $63 price target.

ChubbCB numbers raised at UBS. 2008 EPS estimates raised to $6.15 from $6.10. Price target raised to $58 from $54. Maintains neutral rating.

Crown Castle InternationalCCI numbers raised at Jefferies. 2008 EPS estimates raised to -22 cents from -34 cents. Price target raised to $45 from $41. Maintains buy rating.

Rockwell CollinsCOL 2008 EPS estimates raised at Jefferies to $4.05 from $4.00. Maintains hold rating and $71 price target.

Columbia SportswearCOLM numbers lowered at UBS. 2008 EPS estimates lowered to $3.20 from $3.40. Price target cut to $44 from $48. Maintains neutral rating.

ConocoPhillipsCOP 2008 EPS estimates raised at UBS to $11.69 from $10.72. Maintain buy rating and $89 price target.

Complete Production ServicesCPX numbers raised at Jefferies. 2008 EPS estimates raised to $2.40 from $2.20. Price target raised to $38 from $35. Maintains buy rating.

Diamond Offshore DrillingDO price target raised at Jefferies. Price target raised to $148 from $125. Lowers 2008 EPS estimates to $10.11 from $10.23. Maintains buy rating.

Electronic Data SystemsEDS numbers raised at Jefferies. 2008 EPS estimates raised to $1.45 from $1.34. Price target increased to $21 from $19. Maintains hold rating.

EmulexELX numbers lowered at UBS. 2008 EPS estimates lowered to 94 cents from $1.00. Lowers price target to $17 from $21. Maintains buy rating.

EnscoESV price target raised at Jefferies to $74 from $66. 2008 EPS estimates lowered to $8.52 from $8.67. Maintains hold rating.

GoodrichGR 2008 EPS estimates raised at Jefferies at $4.50 from $4.25. Maintains hold rating and $75 price target.

Juniper NetworksJNPR 2008 EPS estimates raised at UBS to $1.01 from 98 cents. Maintains buy rating and $30 price target.

KirbyKEX numbers raised at Jefferies. 2008 EPS estimates raised to $2.89 from $2.71. Price target raised to $55 from $47. Maintains hold rating.

Kennametal 2008 EPS estimates raised at UBS to $2.73 from $2.70. Maintains neutral rating and $32 price target.

L-3 CommunicationsLLL numbers raised at Jefferies. 2008 EPS estimates raised to $6.70 from $6.60. Price target raised to $120 from $110. Maintains hold rating.

McAfeeMFE numbers lowered at Jefferies. 2008 EPS estimates lowered to $1.85 from $1.90. Price target lowered to $40 from $43. Maintains buy rating.

McAfee numbers raised at UBS. 2008 EPS estimates raised to $1.60 from $1.53. Price target raised to $37 from $36. Maintains neutral rating.

MicrosoftMSFT numbers raised at Jefferies. 2008 EPS estimates increased to $2.15 from $2.12. Price target increased to $35 from $33. Maintains buy rating.

Noble CorporationNE numbers raised at Jefferies. 2008 EPS estimates raised to $5.85 from $5.80. Price target raised to $62 from $53. Maintains hold rating.

Newfield ExplorationNFX numbers raised at Jefferies. 2008 EPS estimates raised to $3.13 from $2.34. Price target increased to $79 from $63. Maintains buy rating.

Northrop GrummanNOC 2008 EPS estimates raised at Jefferies to $5.10 from $5.00. Maintains hold rating and $87 price target.

Penn National GamingPENN 2008 EPS estimates raised at Jefferies to $2.09 from $1.96. Maintains buy rating and $57 price target.

RSC HoldingsRRR numbers lowered at UBS. 2008 EPS estimates lowered to $1.50 from $1.55. Price target lowered to $14 from $15. Maintains buy rating.

RaytheonRTN 2008 EPS estimates raised at Jefferies to $3.95 from $3.85. Maintains hold rating and $70 price target.

StarbucksSBUX numbers lowered at UBS. 2008 EPS estimates cut to 85 cents from 98 cents. Price target lowered to $19 from $24. Maintains buy rating.

EW ScrippsSSP 2008 EPS estimates raised at Jefferies to $2.55 from $2.50. Maintains hold rating and $46 price target.

Southwestern EnergySWN numbers raised at UBS. 2008 EPS estimates raised to $3.25 from $2.80. Price target raised to $47 from $46. Maintains buy rating.

SybaseSY numbers raised at Jefferies. 2008 EPS estimates raised to $1.98 from $1.90. Price target raised to $32 from $30. Maintains hold rating.

T. Rowe PriceTROW price target raised at Jefferies to $67 from $54. 2008 EPS estimates lowered to $2.48 from $2.51. Maintains buy rating.

TupperwareTUP numbers raised at Jefferies. 2008 EPS estimates increased to $2.80 from $2.60. Price target raised to $53.50 from $50.00. Maintains buy rating.

UHSUHS numbers raised at UBS. 2008 EPS estimates raised to $3.85 from $3.45. Price target raised to $70 from $66. Maintains buy rating.

Western DigitalWDC price target lowered at UBS to $31 from $33. 2008 EPS estimates raised to $4.14 from $4.00. Maintains neutral rating.