Analysts' Actions: A Daily Roundup of Street Research

Who made what calls.
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CHANGE IN RATINGS

American Electric Power

upgraded at Jefferies: Jefferies said it was upgrading AEP from Hold to Buy and raising the target by $1 to $40.50 on valuation.

SunTrust

rated new Buy at UBS: UBS said it is initiating coverage on STI with a Buy. Sees opportunity for above-average growth over next several years. Sets target price at $88.

Trident Microsystems

coverage initiated at Prudential: Prudential said it is initiating coverage on TRID with an Overweight rating and a $38 target price. Company is among best positioned suppliers to benefit from advanced TV.

STOCK COMMENTS / EPS CHANGES

Cooper Industries

target price raised at Prudential: Prudential said it is raising its target price on CBE to $89. Maintained Overweight rating.

Century Aluminum

target, estimates raised at Morgan Stanley: Morgan Stanley said it was raising FY 2006 and 2007 EPS on CENX to $4.40 and $4.03 respectively and target by $5 to $43 on higher aluminum prices. Maintained Overweight rating.

Conseco

target, estimates raised at Morgan Stanley: Morgan Stanley said it was raising FY 2006 and 2007 EPS estimates on CNO from $1.85 and $2.01 to $1.89 and $2.05 respectively and target by $2 to $25 on Q4 results. Maintained Equal-weight rating.

Costco

estimates raised at Piper: Piper said it is raising its 2007 estimates on COST by 12 cents to $2.58 a share due to higher store count estimate. Maintained Market Perform rating.

Commonwealth Telephone

estimates lowered at Morgan Stanley: Morgan Stanley said it was lowering FY 2006 and 2007 EPS estimates on CTCO to $2.52 and $2.48 respectively ahead of Q4 results. Maintained $43 target and Equal-weight rating.

Cablevision

estimates lowered at Jefferies: Jefferies said it was lowering FY 2006 EPS estimate on CVC from $0.24 to $-0.24 on Q4 results. Maintained Buy rating and $34 target.

Lowe's Companies

target, estimates raised at Morgan Stanley: Morgan Stanley said it was raising FY 2007 EPS estimates on LOW from $3.95 to $4.05 and target by $2 to $74 citing Q4 results. Maintained Overweight rating.

Neurocrine Biosciences

estimates lowered at Morgan Stanley: Morgan Stanley said it was lowering FY 2006 and 2007 EPS estimates on NBIX from $-0.24 and $-0.36 to $-0.06 and $-0.45 respectively on overestimated Indiplon market potential. Maintained $40 target and Underweight rating.

Newmont Mining

estimates lowered at UBS: UBS said it is lowering 2006 EPS estimates on NEM to $1.77 from $1.94 after inline 4Q results. Sees cost pressures ahead. Maintained Buy rating.

Newmont Mining

estimates cut at Prudential: Prudential said it is cutting its 2006 estimates on NEM by 95 cents to 97 cents a share due to lower production and higher costs than expected. Maintained Underweight rating.

Phillips Van Heusen

estimates raised at CSFB: CSFB said it is raising its 2006 EPS estimates by a penny to $1.98. Remains optimistic on long-term growth prospects. Maintained Outperform rating.

Redwood Trust

target, estimates lowered at Jefferies: Jefferies said it was lowering FY 2006 EPS estimates on RWT from $5.29 to $4.09 and lowering the target by $2 to $42 on Q4 results. Maintained Hold rating.

ValueClick

target raised at Jefferies:Jefferies said it was raising the target on VCLK by $3 to $24 on Q4 results and valuation. Maintained Buy rating.

Verizon

estimates raised at Morgan Stanley: Morgan Stanley said it was raising FY 2006 and 2007 EPS estimates on VZ by one- and two- cents to $2.53 and $2.58 respectively on 2006 guidance. Maintained $36 target and Equal-weight rating.

Wal-Mart

estimates lowered at Morgan Stanley: Morgan Stanley said it was lowering FY 2006 EPS estimates by 2-cents to $2.90 ahead of turnaround. Maintained Equal-weight rating.