Friday's Analysts' Upgrades, Downgrades

Noble CorporationNE numbers raised at Jefferies. 2008 EPS estimates raised to $5.85 from $5.80. Price target raised to $62 from $53. Maintains hold rating.

Newfield ExplorationNFX numbers raised at Jefferies. 2008 EPS estimates raised to $3.13 from $2.34. Price target increased to $79 from $63. Maintains buy rating.

Northrop GrummanNOC 2008 EPS estimates raised at Jefferies to $5.10 from $5.00. Maintains hold rating and $87 price target.

Penn National GamingPENN 2008 EPS estimates raised at Jefferies to $2.09 from $1.96. Maintains buy rating and $57 price target.

RSC HoldingsRRR numbers lowered at UBS. 2008 EPS estimates lowered to $1.50 from $1.55. Price target lowered to $14 from $15. Maintains buy rating.

RaytheonRTN 2008 EPS estimates raised at Jefferies to $3.95 from $3.85. Maintains hold rating and $70 price target.

StarbucksSBUX numbers lowered at UBS. 2008 EPS estimates cut to 85 cents from 98 cents. Price target lowered to $19 from $24. Maintains buy rating.

EW ScrippsSSP 2008 EPS estimates raised at Jefferies to $2.55 from $2.50. Maintains hold rating and $46 price target.

Southwestern EnergySWN numbers raised at UBS. 2008 EPS estimates raised to $3.25 from $2.80. Price target raised to $47 from $46. Maintains buy rating.

SybaseSY numbers raised at Jefferies. 2008 EPS estimates raised to $1.98 from $1.90. Price target raised to $32 from $30. Maintains hold rating.

T. Rowe PriceTROW price target raised at Jefferies to $67 from $54. 2008 EPS estimates lowered to $2.48 from $2.51. Maintains buy rating.