Analysts' Actions: A Daily Roundup of Street Research

CHANGE IN RATINGS

Dick's Sporting Goods upgraded at Piper: Piper said it is upgrading DKS to an Outperform rating based on improving performance for acquired Galyan's stores and continued margin expansion. Target price raised to $44.

Flextronics upgraded at Thomas Weisel: Thomas Weisel said it is upgrading FLEX to Outperform from Peer Perform. Believes past problems are already reflected in stock price and outlook looks promising.

InPhonic downgraded at Deutsche Bank: Deutsche Bank said it was downgrading INPC from Buy to Hold and cutting the target from $16 to $7.65 on Q4 miss.

Intel downgraded at Think Equity: Think Equity said it is downgrading INTC to Sell. Believes building inventories will lead to pricing cuts. Lowered target price to $16 from $26.

US Airways Group upgraded at Bear Stearns: Bear Stearns said it was upgrading LCC to Outperform from Peer Perform on favorable risk/reward scenario and limited downside. Maintained $40 target.

PMC-Sierra downgraded at CIBC: CIBC said it was downgrading PMCS to Sector Performer on MIPS business risks and elevated investor expectations.

RF Micro Devices downgraded at Think Equity: Think Equity said it is downgrading RFMD to Source of Funds over concerns of a component slowdown later in the year. Lowered target price to $5.50.

STOCK COMMENTS / EPS CHANGES

ATI Technologies target price raised at UBS: UBS said it is raising its target price on ATYT to $22 from $20 citing good execution. Lowered 2006 EPS estimates to 36 cents from 54 cents to account for stock option expensing.

Baidu.com estimates raised at Piper: Piper said it is raising its 2006 estimates on BIDU by a penny to 45 cents a share. Maintained Underperform rating.

Cooper Companies estimates lowered at Goldman: Goldman said it is increasing its estimates on COO for the full year to $3.26 a share from $3.34 a share. Maintained Inline rating.

Electronic Data Systems target raised at Jefferies: Jefferies said it was raising the target on EDS by $2 to $32 following the 2006 analyst meeting. Maintained Buy rating.