Thursday's Analysts' Upgrades and Downgrades

Google numbers raised at UBS: GOOG numbers raised at UBS. Increased 2007 EPS estimates to $13.42 from $13.10. Increased price target to $560 from $535. Reiterates Neutral rating.

Hilton Hotels (HLT Quote) numbers raised at Jefferies: HLT numbers raised at Jefferies. 2007 EPS estimates reiterated. 2008 EPS estimates increased to $1.70 from $1.66. Price target raised to $41 from $40. Reiterates Buy rating.

Hologic (HOLX Quote) numbers raised at Jefferies: HOLX numbers raised at Jefferies. 2007 EPS estimates raised to $1.82 from $1.55. 2008 EPS estimates raised to $2.34 from $2.00. Price target raised to $69 from $62. Reiterates Buy rating.

JDS Uniphase (JDSU Quote) estimates slashed at Goldman: Goldman is cutting its 2008 estimates on JDSU to $0.60 from $0.71 based on lower expectations for management's ability to exceed 40% gross margin and 2% to 5% operating margin targets given reduced visibility around customer and carrier M&A. Maintained Neutral rating. Price target at $19.50.

Kraft (KFT Quote) estimates cut at Goldman: Goldman is lowering its 2007 estimates on KFT to $1.87 from $2.03 based on reduced outlook for the year. See higher tax rate and dilution weighing on shares. Altria's 89% stake set to be distributed on March 30. Price target cut to $33 from $35 and maintained Sell rating.

L-3 Communications (LLL Quote) price target raised at Jefferies: LLL price target raised at Jefferies. Increases price target to $85 from $77. Reiterates 2007 EPS estimates of $5.65 and 2008 EPS estimates of $6.40. Reiterates Hold rating.

Lone Star Technologies (LSS Quote) estimates cut at Jefferies: LSS estimates cut at Jefferies. 2007 EPS estimates reduced to $3.80 from $5.20. 2008 EPS estimates reduced to $7.00 from $7.50. Reiterates target price of $51 and Hold rating.

Moody's (MCO Quote) estimates raised at Credit Suisse: Credit Suisse is raising its 2007 EPS estimates on MCO to $2.57 from $2.52. Expects solid Q4 results but believes stock is fairly valued. Maintained Neutral rating.

Altria (MO Quote) price target increased at Goldman: Goldman is raising its target on MO to $101 from $98 based on new 2008 estimates and potential for more efficient capital structure following Kraft spin-off. Maintained Buy rating.

Nova Chemicals (NCX Quote) estimates lowered at UBS: NCX estimates lowered at UBS. 2007 EPS estimates lowered to $4.00 from $4.25. Reiterates 2008 EPS estimates of $4.25, price target of $36 and Buy rating.

Starbucks (SBUX Quote) estimates lowered at UBS: SBUX estimates lowered at UBS. 2007 EPS estimates reduced to $0.90 from $0.91. 2008 EPS estimates reduced to $1.10 from $1.11. Reiterates Buy rating and $42 price target.

Sepracor (SEPR Quote) estimates cut at Goldman: 2007 estimates on SEPR lowered 9 cents to $2.42 at Goldman. Management issued EPS guidance below expectations due to increased share count. See Xopenex as increasingly important growth driver. Price target at $59. Maintained Neutral rating.