Friday's Analysts' Upgrades and Downgrades

Pogo Producing(PPP Quote) estimates cut at UBS. 2007 EPS estimates lowered to $13.19 from $13.25. 2008 EPS estimates lowered to $13.30 from $13.85. Reiterates Neutral rating and $51 price target.

Reliance Steel(RS Quote) estimates cut at UBS. 2008 EPS estimates reduced to $4.85 from $4.95. Reiterates Buy rating and $54 price target.

Molson Coors(TAP Quote) numbers raised at UBS. 2007 EPS estimates increased to $4.99 from $4.95. 2008 EPS estimates increased to $5.66 from $5.56. Price target increased to $91 from $86. Reiterates Neutral rating.

Cimarex(XEC Quote) numbers lowered at UBS. 2007 EPS estimates lowered to $10.40 from $10.75. Price target lowered to $42 from $43. Reiterates Buy rating.