Analysts' Actions: A Daily Roundup of Street Research

Who made what calls.
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CHANGE IN RATINGS

Air Products

upgraded at Morgan Stanley: Morgan Stanley said it is increasing its rating on APD to Overweight from Equalweight rating. Air Products management has the potential to generate significant shareholder value over the next one to five years.

Nordstrom

downgraded at Piper: Piper said it is downgrading JWN to a Market Perform rating as stock is close to $44 target price.

Nike

upgraded at UBS: UBS said it is upgrading NKE to Buy from Neutral citing expected strong performance going forward. Raised target price to $103 from $93.

Pier 1 Imports

upgraded at Piper: Piper said it is upgrading PIR to an Outperform rating ahead of expected turnaround in 2006. Target price raised to $13.

STOCK COMMENTS / EPS CHANGES

Foot Locker

outlook upped at Goldman: Goldman said it is increasing its estimates on FL for 2006 to $1.66 a share from $1.63 a share. Maintained Inline rating.

Moody's

outlook raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on MCO for the full year to $2.15 a share from $2.10 a share. Strong pipeline cited in the note.

Moody's

estimates raised at Prudential: Prudential said it is raising its 2006 estimates on MCO by a nickel to $2.05 a share. Maintained Overweight rating.

New York & Co.

estimates raised at Piper: Piper said it is raising its 2007 estimates on NWY by 4 cents to $1.24 a share. Target price raised to $25.

Weatherford

outlook raised at Goldman: Goldman said it is increasing its estimates on WFT for the full year to $2.35 a share from $2.03 a share. Efforts to step up its technology content, growth profile and strategic position in the industry are bearing fruit as its Q4 performance was above many in the peer group.

Weatherford Int'l

target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 and 2007 EPS estimates on WFI from $1.97 and $2.65 to $2.30 and $2.80 respectively and target raised by $3 to $52 on strong Q4 results. Maintained Buy rating.

Weyerhaueser

outlook upped at Morgan Stanley: Morgan Stanley said it is increasing its estimates on WY for the full year to $4.80 a share from $4.10 a share following its strong fourth quarter 2005 results. Increasingly more positive on the stock.

Weyerhaeuser

estimates raised at UBS: UBS said it is raising its 2006 EPS estimates on WY to $4.05 from $3.75 to reflect higher homebuilding contribution. Maintained Neutral rating.