Analysts' Upgrades, Downgrades: Forest Oil

06/27/08 - 12:23 PM EDT

, TRV , TEX , FST , NOVL , AEO , EAT , NUVA  
TSC Staff

TIBCO Software (TIBX Quote - Cramer on TIBX - Stock Picks) upgraded at Jefferies: TIBX upgraded at Jefferies. Rating raised to Hold from Underperform. 2008 EPS estimates raised to 43 cents from 39 cents. Price target raised to $7 from $6.

Zimmer Holdings (ZMH Quote - Cramer on ZMH - Stock Picks) downgraded at Thomas Weisel: ZMH was downgraded to Market Weight from Overweight, Thomas Weisel said. ZMH is currently in a period of high spending in manufacturing, SAP implementation and spine and trauma network additions sacrificing near term profitability.

STOCK COMMENTS / EPS CHANGES

Accenture (ACN Quote - Cramer on ACN - Stock Picks) price target raised at UBS: ACN price target raised at UBS. Price target raised to $46 from $42. Maintains 2008 EPS estimates of $2.64 and Buy rating.

Brunswick (BC Quote - Cramer on BC - Stock Picks) numbers lowered at RBC: BC numbers lowered at RBC. Price target cut to $15 from $18 and FY09 eps estimates dip to 70 cents from 76 cents. Reiterates Sector Perform rating.

Christopher & Banks (CBK Quote - Cramer on CBK - Stock Picks) numbers lowered at RBC: CBK numbers lowered at RBC. Price target cut to $10 from $12 and FY09 eps estimates dip to $0.55 from 72 cents. Reiterates Sector Perform rating.

Discover Financial (DFS Quote - Cramer on DFS - Stock Picks) target lowered at Goldman: Goldman said it is trimming its price target on DFS to $15 from $17 due to slower volume growth and deterioration in credit quality. See potential earnings weakness from rising credit costs, but note favorable expense management. Maintained Neutral rating.

Corning (GLW Quote - Cramer on GLW - Stock Picks) numbers lowered at UBS: GLW numbers lowered at UBS. Fiscal 2009 EPS estimates lowered to $1.86 from $1.90. Price target lowered to $28 from $29. Maintains Neutral rating.

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