Wednesday's Analysts' Upgrades and Downgrades

STOCK COMMENTS / EPS CHANGES

Career Education (CECO) estimates lowered at UBS: UBS said it is lowering its 2006 EPS estimates on CECO to $1.50 from $1.64 on lower margin assumption. Maintained Neutral rating.

Limited Brands (LTD) estimates raised at Prudential: Prudential said it is raising its 2007 estimates on LTD by 2 cents to $1.74 a share to reflect holiday season expectations. Maintained Neutral Weight rating.

Las Vegas Sands (LVS) estimates higher at Goldman: Goldman said it is increasing its 2008 estimates on LVS to $5.60 from $2.90 to reflect benefits of Hengqin Island. Price target raised to $95 from $76. Maintain Buy rating.

National Semi (NSM) estimates lowered at Goldman: 2007 estimates on NSM cut to $1.19 from $1.34, Goldman said. See gross margins in 59%-60% range. Maintain Buy rating and $28 target.

National Semi (NSM) estimates cut at Jefferies: 2007 estimates on NSM lowered to $1.20 from $1.25, Jefferies said. Management lowered guidance for current quarter. Maintained Hold rating and lowered target to $25 from $27.

National Semi (NSM) estimates lowered at Credit Suisse: Credit Suisse said it is lowering its 2007 EPS estimates on NSM to $1.24 from $1.29 following negative guidance announcement. Maintained $24 target price.

Nortel (NT) estimates cut at Prudential: Prudential said it is cutting its 2006 estimates on NT to a loss of 3 cents a share to reflect lower guidance and EPS miss. Maintained Neutral Weight rating.

Nortel (NT) estimates reduced at Jefferies: Jefferies said it is cutting its 2007 estimates on NT to $0.05 from $0.09 following disappointing Q3 results. Maintain Buy rating and $3 target.

>To order reprints of this article, click here: Reprints