Friday's Analysts' Upgrades and Downgrades

 

Change in Ratings

Credit Suisse downgraded EchoStar(DISH Quote) to Underperform from Neutral. Believes AT&T buyout is less likely. Maintained $39 target price.

Brinker(EAT Quote) upgraded to Buy rating from Neutral at UBS. 2007 EPS estimates bump up slightly to $2.01 from $1.99 and price target remains at $38.

Credit Suisse upgraded Office Depot(ODP Quote) to Outperform from Neutral based on valuation and growth opportunities. Maintained $41 target price.

Credit Suisse donwgraded WellCare Health(WCG Quote) to Neutral from Outperform. Cites reimbursement risks are not reflected in valuation. Maintained $80 target price.

Quiksilver(ZQK Quote) was downgraded from Outperform to Market Perform at Piper Jaffray. $12 price target. Wintersports category should continue to drag on the business throughout 2007.

ZQK was downgraded from Outperform to Sector Perform at CIBC. Company warned again, as Europe continues to drag on earnings.

Stock Comments/EPS Changes

Atlas Air(AAWW Quote) numbers raised at Jefferies. Price target jumps to $50 from $45 and 2007 eps estimates rise to $3.69 from $3.32. Reiterates Hold rating.

Analogic(ALOG Quote) numbers raised at Jefferies. Price target lifts to $56 from $50, and 2007 EPS estimates rise to $1.28 from $1.11. Reiterates Hold rating.

2008 estimates on Foot Locker(FL Quote) lowered to $1.62 from $1.79 at Goldman. Management provided disappointing guidance on fourth-quarter call, but share repurchase plan will add value for shareholders. Still too early to suggest rebound at company. Maintained Neutral rating and $24 target.

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