Analysts' Actions: A Daily Roundup of Street Research

Who made what calls.
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CHANGE IN RATINGS

Barrick Gold

downgraded at CSFB: CSFB said it is lowering its rating on ABX to Underperform from Neutral. Sees challenges ahead. Lowered target price to $26 from $29.

ICE

upgraded at Morgan Stanley: Morgan Stanley said it is increasing its rating on ICE to Overweight with a $60 target price. Estimates are 40% ahead of consensus.

Intel

downgraded at FBR: FBR said it is downgrading INTC to Market Perform. Cites margin pressures and worsening conditions. Lowered target price to $23 from $31.

Netease

upgraded at Piper: Piper said it is upgrading NTES to an Outperform rating due to resurgence of growth and new game lineup.

Principal Financial

upgraded at UBS: UBS said it is upgrading PFG to Neutral from Reduce. Now positive on growth and ROE prospects. Raised target price to $8 from $44.

Watson Pharmaceuticals

upgraded at UBS: UBS said it is upgrading WPI to Neutral from Reduce. Stock declined to target price.

STOCK COMMENTS / EPS CHANGES

Barrick Gold

outlook lowered at UBS: UBS said it is lowering 2006 EPS estimates on ABX to $0.89 from $1.17 after negative guidance. Lowered target price to $33 from $37.50. Maintained Buy rating.

Advance America

estimates lowered at Jefferies: Jefferies said it was lowering FY 2006 EPS by 5-cents to $1.05 on Q4 results. Maintained Buy rating and $16.50 target.

BEA Systems

outlook raised at UBS: UBS said it is raising 2006 EPS estimates on BEAS by a penny to 18 cents after positive 4Q results. Raised target price to $14 from $13. Maintained Buy rating.

Century Aluminum

estimates cut at Goldman:Goldman said it is lowering its estimates on CENX for the full year to $6.20 a share from $7 a share due to energy cost pressures, however it is optimistic on its outlook.

CMS Energy

estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on CMS to $1.18 a share in 2007 from $1.13 a share. Maintained $18 target price. Turnaround is on track.

Canadian Natural Resources

estimates raised at Goldman: Goldman said it is raising its estimates on CNQ for the full year $4.72 a share from $4.30 a share. Company trades at a discount to its oil-levered large cap E&P peers.

Eclipsys

target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 and 2007 EPS estimates on ECLP from $0.50 and $0.88 to $0.60 and $1 and target by $7.50 to $27.50 citing Q4 results and 2006 outlook. Maintained Hold rating.

Gap

estimates lowered at Jefferies: Jefferies said it was lowering FY 2006 EPS on GPS by $0.03 to $1.25 on Q4 results. Maintained Hold rating and $17 target.

Gap

estimates raised at Prudential: Prudential said it is raising its 2007 estimates on GPS by 3 cents to $1.32 a share. Maintained Overweight rating.

Gap

estimates lowered at Morgan Stanley: Morgan Stanley said it is lowering its estimates on GPS for 2007 to $1.22 a share from $1.30 a share. Weakness persists into 2006. Maintained Underweight rating.

GlobalSantaFe

target raised at Jefferies:Jefferies said it was lowering FY 2006 EPS by 15-cents to $4 and raising FY 2007 EPS from $6.45 to $6.84 and raising the target by $4 to $81 on Q4 results above estimates. Maintained Buy rating.

Grey Wolf

estimates raised at Jefferies: Jefferies said it was raising FY 2006 and 2007 EPS estimates on GW from $0.72 and $0.81 to $0.80 and $0.90 respectively on Q4 results. Maintained Buy rating and $11 target.

H&R Block

outlook lowered at UBS: UBS said it is lowering 2006 EPS estimates on HRB to $1.69 from $1.86 following poor F3Q results. Lowered target price to $32 from $35. Maintained Buy rating.

H&R Block

target cut at Morgan Stanley: Morgan Stanley said it is lowering its estimates on HRB for the full year to $1.72 a share from $2.06 a share. Company had a disappointing quarter and outlook.

Nordstrom

estimates raised at CSFB: CSFB said it is raising 2007 EPS estimates on JWN by 5 cents to $2.18 based on stronger margin expectations. Maintained Neutral rating.

Kohl's

target, estimates lowered at Jefferies: Jefferies said it was lowering FY 2006 EPS estimates from $2.86 to $2.82 and the target by $5 to $60 on Q4 results. Maintained Buy rating.

Kohl's

estimates lowered at CSFB: CSFB said it is lowering 2007 EPS estimates on KSS by 6 cents to $2.79 to reflect accounting rule change and pre-opening expense. Maintained Outperform rating.

Limited Brands

target raised at Jefferies: Jefferies said it was raising the target by $2.25 to $23.75 on Q4 results and 2006 guidance. Maintained Hold rating.

MGM Mirage

estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on MGM from $1.85 to $2.04 on Q4 results ahead of consensus. Maintained Buy rating and $53 target.

MGM Mirage

estimates cut at Morgan Stanley: Morgan Stanley said it is lowering its estimates on MGM for the full year to $47 a share from $48 a share. Maintained Equalweight rating.

Marvell Tech.

target, estimates raised at Jefferies: Jefferies said it was raising FY 2007 EPS estimates on MRVL by 5-cents to $1.91 and target by $2 to $73 on Q4 results and Q1 guidance. Maintained Buy rating.

Marvell

target price raised at Prudential: Prudential said it is raising its target price on MRVL to $74 due to strong product cycles driving growth. Maintained Overweight rating.

Omnicare

target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on OCR by 5-cents to $3.30 and the target by $5 to $70 on Q4 results above consensus. Maintained Buy rating.

Occidental Petroleum

outlook raised at UBS: UBS said it is raising 2006 EPS estimates on OXY to $17.50 from $16.55 and increasing its target price to $111 from $107 following positive analyst meeting. Maintained Buy rating.

Pioneer Natural Resources

estimates cut at Morgan Stanley Morgan Stanley said it is increasing its estimates on PXD for the full year to $2.97 a share from $3.03 a share. Maintained Equalweight rating.

Qwest Communications

estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on Q for the full year to 2-cents a share from a 11-cent loss. Maintained Underweight rating.

Sempra Energy

target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 and 2007 EPS estimates by 10-cents to $3.50 and $3.60 respectively and target from $46.50 and $49 on Q4 results. Maintained Hold rating.

Seagate

outlook raised at CSFB: CSFB said it is raising 2006 EPS estimates on STX by 4 cents to $2.12. Sees industry fundamentals remaining strong. Raised target price by $5 to $35.

WebMD

estimates raised at Goldman: Goldman said it is increasing its estimates on WBMD for 2006 to 63-cents a share from 60-cents a share. Maintained Inline rating.

Western Gas

estimates raised at UBS: UBS said it is raising 2006 EPS estimates on WGR by 10 cents to $7.50 after inline 4Q results. Maintained Buy rating.