Friday's Analysts' Upgrades and Downgrades

08/03/07 - 11:08 AM EDT

TSC Staff

STOCK COMMENTS / EPS CHANGES

Audible (ADBL Quote - Cramer on ADBL - Stock Picks) 2007 estimates raised at Piper by 8 cents to 15 cents a share as favorable sub mix offsets lower sub adds. Maintained Market Perform.

Chesapeake Energy (CHK Quote - Cramer on CHK - Stock Picks) estimates raised at UBS. FY 2008 eps estimates upped to $9.00 from $8.40, and price target holds at $50. Reiterates Buy rating.

Jones Apparel (JNY Quote - Cramer on JNY - Stock Picks) target cut at Credit Suisse to $20 from $28 after Q2 results fell short of estimates. Believes it will take years rather than quarters to elevate excitement around company's portfolio. Maintained Underperform rating.

Nokia (NOK Quote - Cramer on NOK - Stock Picks) numbers raised at UBS. Price target lifts to $36.98 from $34.24, and FY 2008 eps estimates upped to $1.17 from $1.08. Reiterates Buy rating.

Oshkosh Truck (OSK Quote - Cramer on OSK - Stock Picks) target raised at Credit Suisse to $70 from $65 following positive takeaways from management meetings. Cites MRAP is still an opportunity. Maintained Outperform rating.

Peet's Coffee & Tea (PEET Quote - Cramer on PEET - Stock Picks) 2007 estimates cut at Piper by 3 cents to 65 cents a share due to margin pressure from dairy and green coffee costs. Maintained Outperform rating.

Tessera (TSRA Quote - Cramer on TSRA - Stock Picks) 2007 estimates cut at Piper by 2 cents to $1.88 a share due to higher legal expenses. Maintained Outperform rating.

Take-Two (TTWO Quote - Cramer on TTWO - Stock Picks) numbers lowered at UBS. Price target drops to $19.00 from $21, and FY 2008 eps estimates fall to ($1.37) from $0.23. Reiterates Neutral rating.

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