Analysts' Actions: A Daily Roundup of Street Research

Who made what calls.
Author:
Publish date:

CHANGE IN RATINGS

Dick's Sporting Goods

upgraded at Piper: Piper said it is upgrading DKS to an Outperform rating based on improving performance for acquired Galyan's stores and continued margin expansion. Target price raised to $44.

Flextronics

upgraded at Thomas Weisel: Thomas Weisel said it is upgrading FLEX to Outperform from Peer Perform. Believes past problems are already reflected in stock price and outlook looks promising.

InPhonic

downgraded at Deutsche Bank: Deutsche Bank said it was downgrading INPC from Buy to Hold and cutting the target from $16 to $7.65 on Q4 miss.

Intel

downgraded at Think Equity: Think Equity said it is downgrading INTC to Sell. Believes building inventories will lead to pricing cuts. Lowered target price to $16 from $26.

US Airways Group

upgraded at Bear Stearns: Bear Stearns said it was upgrading LCC to Outperform from Peer Perform on favorable risk/reward scenario and limited downside. Maintained $40 target.

PMC-Sierra

downgraded at CIBC: CIBC said it was downgrading PMCS to Sector Performer on MIPS business risks and elevated investor expectations.

RF Micro Devices

downgraded at Think Equity: Think Equity said it is downgrading RFMD to Source of Funds over concerns of a component slowdown later in the year. Lowered target price to $5.50.

STOCK COMMENTS / EPS CHANGES

ATI Technologies

target price raised at UBS: UBS said it is raising its target price on ATYT to $22 from $20 citing good execution. Lowered 2006 EPS estimates to 36 cents from 54 cents to account for stock option expensing.

Baidu.com

estimates raised at Piper: Piper said it is raising its 2006 estimates on BIDU by a penny to 45 cents a share. Maintained Underperform rating.

Cooper Companies

estimates lowered at Goldman: Goldman said it is increasing its estimates on COO for the full year to $3.26 a share from $3.34 a share. Maintained Inline rating.

Electronic Data Systems

target raised at Jefferies: Jefferies said it was raising the target on EDS by $2 to $32 following the 2006 analyst meeting. Maintained Buy rating.

Exelexis

estimates raised at Goldman: Goldman said it is increasing its estimates on EXEL for the full year to a loss of $1.22 a share from a loss of $1.44 a share. Maintained Inline rating.

Foxhollow

estimates lowered at Morgan Stanley: Morgan Stanley said it is lowering its estimates on FOXH for the full year to a loss of 8 cents from a loss of 7 cents a share. Maintained Underweight rating.

Federal Signal

estimates cut at Goldman: Goldman said it is lowering its estimates on FRP for the full year to 75-cents a share from 88-cents a share. Maintained Underperform rating.

Gen-Probe

target raised at Piper: Piper said it is raising its target price on Piper to $62 due to improved West Nile Virus pricing. Maintained Outperform rating.

Home Depot

estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS on HD by 4-cents to $3.12 on "blow out" Q4 results. Maintained Buy rating and $50 target.

Home Depot

estimates raised at Morgan Stanley: Morgan Stanley said it is raising its estimates on HD for the full year 2007 to $3.08 a share from $2.98 a share. Maintained Equalweight rating.

Medtronic

target lowered at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on MDT by a penny to $2.21 but lowering the target by $2 to $59 on lackluster fiscal Q3 results. Maintained Hold rating.

Medtronic

estimates lowered at UBS: UBS said it is lowering 2006 EPS estimates on MDT by a penny to $2.22 after F3Q results were inline. Maintained Buy rating.

Medtronic

estimates lowered at Morgan Stanley: Morgan Stanley said it is lowering its estimates on MDT for the full year to $2.40 a share from $2.42 a share. Maintained Overweight rating.

Outback Steakhouse

estimates lowered at Jefferies:Jefferies said it was lowering FY 2006 and 2007 EPS estimates on OSI from $2.49 and $2.73 to $1.68 and $2.17 respectively on analyst day following disappointing Q4 results. Maintained Hold rating and $49 target.

Ruth's Chris

estimates raised at Goldman: Goldman said it is raising its estimates on RUTH for the full year to 75-cents a share from 74-cents a share. Maintained Inline rating.

Sonic Automotive

estimates raised at Goldman: Goldman said it is increasing its estimates on SAH for the full year to $2.38 a share from $2.19 a share. Maintained Underperform rating.

Sycamore

estimates raised at Morgan Stanley:Morgan Stanley said it is increasing its estimates on SCMR for 2006 to 9 cents a share from 7 cents a share. Uninspiring quarter, sustainability questioned.

Stolt Offshore

target raised at Jefferies: Jefferies said it was raising the target on SOSA by $2 to $17 on solid execution of the backlog and robust market conditions. Maintained Buy rating.

Target

estimates raised at Morgan Stanley: Morgan Stanley said it is raising its estimates on TGT for the full year to $3.10 a share from $3.05 a share. Company's fourth quarter earnings beat expectations.

Triad Hospitals

estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on TRI by 4-cents to $2.90 on Q4 results. Maintained Buy rating and $50 target.

Westlake Chemical

target price raised at UBS: UBS said it is raising its target price on WLK by $2 to $40 after strong 4Q results. Maintained Buy rating.

Westlake

estimates raised at Goldman: Goldman said it is increasing its estimates on WLK for the full year to $3.80 a share from $3.65 a share. Stronger than expected fourth quarter cited in the note.

Wal-Mart

estimates cut at Prudential: Prudential said it is cutting its 2007 estimates on WMT by 2 cents to $2.93 a share

VCA Antech

target raised at Jefferies: Jefferies said it was lowering FY 2006 EPS by 2-cents to $1.07 and raising the target by $3.50 to $27.50 on Q4 results. Maintained Hold rating.