Analysts' Actions: A Daily Roundup of Street Research

Who made what calls.
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CHANGE IN RATINGS

Alliance Gaming

downgraded at CIBC: CIBC said it was downgrading AGI from Sector Outperformer to Sector Performer on valuation. Target raised from $14 to $16.

Eagle Materials

downgraded at BB&T: BB&T said it is downgrading EXP to Hold from Buy based on valuation. Shares are well above target price.

Goldcorp

upgraded at JP Morgan: JP Morgan said it is upgrading GG to Neutral from Underweight. Believes company is well positioned for strong gold market after recent acquisitions.

Goodyear

downgraded at Deutsche Bank: Deutsche Bank said it is downgrading GT to Sell from Hold after negative pre-announcement. Maintained $13.50 target price.

Hartford Financial Services Group

downgraded at Friedman, Billings, Ramsey & Co.: Friedman, Billings, Ramsey & Co. said it was downgrading HIG from Outperform to Market Perform on softening P/C fundamentals. Maintained $91 target.

Interactive Intelligence

upgraded at Raymond James: Raymond James said it is upgrading ININ to Strong Buy from Outperform. Sees solid top-line growth, end markets healthy and cheap stock price on a relative basis. Sets target price at $10.

Janus Capital Group

downgraded at UBS: UBS said it is downgrading JNS to Reduce from Neutral based on valuation. Believes stock is getting ahead of the earnings potential.

Masco

added to Focus List at Baird: Baird said it is adding MAS to the Focus List and raising its target price to $37 from $34. Expects solid operation execution to drive above-market relative stock price performance. Maintained Outperform rating.

Navteq

downgraded at Piper: Piper said it is downgrading NVT to a Market Perform rating due to concerns over slowing growth.

Plum Creek

upgraded at Deutsche: PCL was upgraded from Hold to Buy, Deutsche Bank said. Stock sold off because of Barron's article, and the tepid 2006 guidance could cause further weakness. Even so, the fundamental case for investing in timber remains solid. $42 price target.

Rightnow Technologies

downgraded at Friedman, Billings, Ramsey & Co.: Friedman, Billings, Ramsey & Co. said it was downgrading RNOW to Market Perform on neutral risk/reward scenario. Target raised by $3 to $18.

United Dominion

downgraded at UBS: UBS said it is downgrading UDR to Reduce from Neutral based on valuation. Stock has essentially reached its target price.

STOCK COMMENTS / EPS CHANGES

Ashland

estimates raised at Jefferies: Jefferies said it was raising the FY 2006 and 2007 EPS estimates on ASH from $3.25 and $3.70 to $3.55 and $4 on fiscal Q1 results and structural improvements. Maintained Buy rating and $72 target.

Atheros

outlook raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on ATHR for the full year to $24 a share from $20 a share. 2006 estimates raised to 54-cents a share from 39-cents a share. Maintained Overweight rating.

Actuant

target price raised at UBS: UBS said it is raising its target price on ATU to $59 from $55. Believes earnings growth is strong relative to leading multi-industry companies.

Atwood Oceanics

estimates lowered at Jefferies: Jefferies said it was lowering FY 2006 EPS estimates on ATW from $5.07 to $5 on fiscal Q1 results. Maintained Buy rating and $111 target.

Avid Technology

added to JP Morgan Focus List: JP Morgan said it was adding AVID to its Focus List on expectation of strong earnings growth. Maintained Overweight rating and $58 target.

Check Point Software

estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on CHKP from $1.37 to $1.42 on solid Q4 results. Maintained Hold rating and $22 target.

Calamos

outlook raised at Goldman: Goldman said it is increasing its estimates on CLMS for 2006 to $1.7 6 a share fro 2006 from $1.55 a share. Solid fourth quarter results cited, but growth continues to slow.

Comcast

outlook cut at Morgan Stanley: Morgan Stanley said it is lowering its estimates on CMCSA for the full year to $1.18 a share from $1.21 a share. HD competition and use of cash flow cited.

Cisco Systems

outlook raised at UBS: UBS said it is raising its target price on CSCO to $21 from $19.50. Expects slightly better results with improving outlook. Maintained Neutral rating.

Eastman

outlook lowered at Morgan Stanley: Morgan Stanley said it is lowering its estimates on EMN for the full year to $4.89 a share from $5.22 a share. Expects its midstream portfolio and Fibers to holdup well this year but earnings are likely to be pressured by a slide in PET resin profits in the second half.

Gamco

outlook raised at Goldman: Goldman said it is increasing its estimates on GBL for the full year to $2.68 a share from $2.32 a share. GBL relied on strong fourth quarter investment income to stay ahead of expectations.

Gilead

outlook raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on GILD for 2006 to $1.83 a share from $1.78 a share. Maintained Outperform rating.

Gilead

outlook raised at Morgan Stanley: Morgan Stanley said it is increasing its target on GILD for to $63 a share from $60 a share. Maintained Overweight rating.

Gilead

target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 and 2007 EPS estimates on GILD from $1.90 and $2.16 to $1.96 and $2.20 respectively on Q4 results and sales guidance. Maintained Buy rating and raised target by $2 to $63.

Intel

removed from Top Picks list at Friedman, Billings, Ramsey & Co.: Friedman, Billings, Ramsey & Co. said it was removing INTC from its "FBR Top Picks" list on reduced expectations. Maintained Outperform rating and $31 target.

Kinetic Concepts

estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on KCI from $2.55 to $2.77 on mixed Q4 results. Maintained Buy rating and $53 target.

Kraft

estimates lowered at Morgan Stanley: Morgan Stanley said it is lowering its estimates on KFT for the full year to $1.87 a share from $1.90 a share. Any substantial improvement in operations is still well off in the future. Maintained Equalweight rating.

Kronos

target, estimates raised at Jefferies: Jefferies said it was raising the FY 2006 and 2007 EPS estimates on KRON from $1.72 and $2.05 to $1.91 and $2.16 respectively on fiscal Q1 results and expectation of improving fundamentals. Maintained Buy rating and raised target by $2 to $47.

Accredited Home

target raised at Piper: Piper said it is raising its target price on LEND to $70 due to move over to 2007 estimates. Maintained Outperform rating.

Michaels Stores

outlook lowered at CSFB: CSFB said it is lowering 2006 EPS estimates on MIK by 5 cents to $2.00 to reflect accounting adjustments. Sees powerful growth story but cautious after missing guidance for two straight quarters. Reduced target price to $36 from $42.

Nucor

outlook raised at UBS: UBS said it is raising 2006 EPS estimates on NUE to $7.85 from $7.25. Sees increase in 2006 sheet steel prices and better forecast shipment levels. Raised target price to $90 from $75.

Nucor

outlook raised at UBS: UBS said it is raising 2006 EPS estimates on NUE to $7.85 from $7.25. Sees increase in 2006 sheet prices and better forecast shipment levels. Raised target price to $90 from $75.

Outback Steakhouse

estimates cut at Jefferies: Jefferies said it was cutting FY 2006 and 2007 EPS estimates on OSI from $2.55 and $2.87 to $2.49 and $2.73 citing the announced sale of one of its smaller, non-core brands. Maintained Hold rating and $47 target.

RSA Security

outlook upped at Morgan Stanley: Morgan Stanley said it is increasing its estimates on RSAS for 2006 to 67-cents a share from 60-cents a share. Target raised to $14 a share from $13 a share. Maintained Equalweight rating.

RSA Security

target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on RSAS from $0.58 to $0.60 and target raised by $0.50 to $13.50 on Q4 upside preannouncement and guidance. Maintained Hold rating.

Schering-Plough

estimates cut at Morgan Stanley: Morgan Stanley said it is lowering its estimates on SGP for the full year to 56-cents a share from 62-cents a share. Vytorin and Zetia bright spots in the quarter.

Smith Int'l

target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 and 2007 EPS estimates on SII from $2 and $2.45 to $2.10 and $2.60 respectively and raising the target by $2 to $51 on Q4 results. Maintained Buy rating.

Sirius

outlook lowered at Morgan Stanley: Morgan Stanley said it is lowering its estimates on SIRI for the full year and cutting its target to $8 a share $9 a share. Greater than expected sales in a crowded retail fourth quarter is bullish sign for radio, but heavy discounting on radios during the quarter may lead to churn surprises in 2006.

Southern Company

target raised at Jefferies: Jefferies said it was raising the target on SO by $1 to $32.50 on Q4 results. Maintained Hold rating.

Steel Dynamics

outlook raised at UBS: UBS said it is raising 2006 EPS estimates on STLD to $4.55 from $3.97. Sees increase in 2006 sheet prices and better than expected shipment levels. Raised target price to $46 from $38.

Textron

target raised at Morgan Stanley: Morgan Stanley said it is increasing its target on TXT to $90 a share from $85 a share. It operates in the sweet spot of the aerospace cycle.

Universal Health Services

estimates cut at Prudential: Prudential said it is cutting its 2005 estimates on UHS by 21 cents to $2.55 a share due to weak Q4 results. Maintained Underweight rating.

W-H Energy

target upped at Morgan Stanley: Morgan Stanley said it is increasing its estimates on WHQ for 2006 to $2.69 a share from $2.59 a share. Target raised to $59 a share from $50 a share. Maintained Overweight rating.

US Steel

outlook raised at UBS:UBS said it is raising 2006 EPS estimates on X to $6.70 from $6.57 on better pricing outlook. Still trading at a premium compared to peers. Maintained Reduce rating.

XM Satellite

estimates cut at Morgan Stanley: Morgan Stanley said it is lowering its estimates on XMSR to a loss of $2.18 a share in 2006 from a loss of $2.13 a share. Maintained Equalweight rating.

Exxon Mobil

numbers raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on XOM for 2006 to $5.45 a share from $5.25 a share. Company beat estimates.