Monday's Analysts' Upgrades and Downgrades

 

VeriSign (VRSN Quote) numbers lowered at Jefferies: VRSN numbers lowered at Jefferies. Price target drops to $24 from $28 and 2007 EPS estimates lowered to $1.07 from $1.12. Reiterates Hold rating.

Warner Music (WMG Quote) price target cut at Goldman: Goldman is cutting its target on WMG to $25 from $28 due to lower earnings and revenue expectations in 2007-2009. See physical sales declines trumping growth in digital music, and tough comparisons vs. last year. Maintained Neutral rating.

Western Union (WU Quote) target price raised at Goldman: Goldman is upping its target on WU to $30 from $25 based on higher confidence in 2007 estimates. See transaction growth reaccelerating in June due to easing comps. Maintained Buy rating.

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