Wednesday's Analysts' Upgrades and Downgrades

 

STOCK COMMENTS / EPS CHANGES

Circuit City (CC Quote) target price cut at Credit Suisse: Credit Suisse is lowering its target price on CC to $25 from $35 following disappointing quarterly results. Maintained Outperform rating citing attractive valuation.

Circuit City (CC Quote) numbers lowered at UBS: CC lowered at UBS. Price target drops to $24 from $35. 2007 EPS estimates lowered to $0.65 from $1.05 and 2008 estimates lowered to $0.90 from $1.40. Reiterates Buy rating.

Circuit City (CC Quote) estimates slashed at Goldman: Goldman is cutting its 2007 estimates on CC to $0.64 from $1.00 following disappointing Q3 results and weak Q4 guidance. Maintained Buy rating based on positive December sales trends, candid management commentary, and lean inventories, among other positives. Price target lowered to $23 from $29.

Career Education (CECO Quote) target raised at UBS: CECO target raised at UBS. Price target lifts to $26 from $22. Reiterates Buy rating.

salesforce.com (CRM Quote) estimates raised at Piper: Piper is raising its 2008 estimates on CRM by a penny to 45 cents a share to reflect expanding outlook for AppExchange. Maintained Market Perform rating.

DRS Technology (DRS Quote) numbers raised at Jefferies: DRS numbers raised at Jefferies. Price target raised to $50 from $45 and 2008 EPS estimates upped to $3.25 from $3.05. Reiterates Hold rating.

International Gaming (IGT Quote) target raised at UBS: IGT target raised at UBS. Price target lifts to $52 from $47. Reiterates Buy rating.

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