Tuesday's Analysts' Upgrades and Downgrades

Station Casinos (STN Quote) downgraded at Goldman Sachs to Neutral from Buy based on share price relative to buyout offer. Company recently agreed to be purchased for $90 a share by Fertitta Colony Partners, and shares now trade above $86. Price target at $90.

St. Mary Land & Exploration (SM Quote) initiated at Jefferies with Hold rating. Price target starts at $38 and 2007 EPS estimates set at $2.63.

STOCK COMMENTS / EPS CHANGES

ADC Telecom (ADCT Quote) numbers raised at Jefferies. Price target lifts to $16 from $14 and 2007 EPS estimates rise to $0.80 from $0.75. Reiterates Hold rating.

Barnes and Noble (BKS Quote) target price reduced at Goldman to $36 from $40 after company cut 2007 guidance to $1.65-$1.80 from $2.20-$2.30. Success of Readers Advantage promotion has pushed margins lower. Also see weak demand and increased competition. Maintained Neutral rating.

Chevron (CVX Quote) price target cut at Goldman to $72 from $74. After reviewing asset base and profitability models, believe key for company is resuming growth in E&P business. Company scheduled to host analyst meeting on March 13. Maintained Neutral rating.

Forest Oil (FST Quote) initiated at Jefferies with Buy rating. Price target starts at $42 and 2007 EPS estimates begin at $2.49.

Georgia Gulf (GGC Quote) initiated at Morgan Stanley with an equalweight rating and $20 price target.