Friday's Analysts' Upgrades and Downgrades

CHANGE IN RATINGS

Ciena (CIEN Quote) upgraded at Jefferies to Hold rating from Underperform. Price target jumps to $29 from $24.50 and 2007 EPS estimates rise to $0.92 from $0.82.

CarMax (KMX Quote) rated new Neutral at Credit Suisse. Sees long-term growth potential but cautious on decelerating gross profit and tough comparisons. Sets $55 target price.

Hertz (HTZ Quote) upgraded at JP Morgan from Neutral to Overweight. Company will continue to cut costs, and 2008 may be conservative by as much as 25%.

Intuit (INTU Quote) upgraded at CIBC from Sector Perform to Outperform. $35 price target. Business is not cyclical, and TurboTax should perform ahead of expectations this year. ...