CHANGE IN RATINGS

Amsurg

upgraded at Wachovia: AMSG was upgraded from Market Perform to Outperform, Wachovia said. Internal growth should improve in the first quarter, due to recovery at several problem locations. Estimates also raised.

Bed, Bath & Beyond

downgraded at JP Morgan: BBBY was downgraded from Overweight to Underweight, JP Morgan said. Company trading at 18 times forward earnings, which seems full, given the level of competition in the home furnishings market.

CompuCredit

upgraded at Wachovia: Wachovia said it was upgrading CCRT to Outperform on improvement in fundamental outlook.

Diamond Offshore

downgraded at A.G. Edwards: A.G. Edwards said it was downgrading DO to Hold on valuation.

Consolidated Edison

downgraded at Prudential: Prudential said it is downgrading ED to an Underweight rating due to expectations of higher interest rates. Target cut to $40.

Esterline Technologies

upgraded at CSFB: CSFB said it is upgrading ESL to Outperform from Neutral. Sees more attractive returns compared to coverage universe. Raised target price to $50 from $43.

Extreme Networks

downgraded at Citigroup: EXTR was downgraded to Hold, Citigroup said. $5 price target. Company warned of lower sales for the second straight quarter, and appears to be suffering from company-specific problems.

Finish Line

outlook lowered at Goldman: Goldman said it is lowering its rating on FINL to Underperform from Inline.

Genesco

upgraded at Goldman: Goldman said it is increasing its rating on GCO to Inline from Underperform.

Health Management

downgraded at Goldman: Goldman said it is lowering its rating on HMA to Inline from Outperform.

Intercontinental Exchange

downgraded at Morgan Stanley: Morgan Stanley said it is lowering its rating on ICE to Equalweight from Overweight. Upside gains potentially limited by CME/Nymex partnership.

International Coal

rated new Neutral at UBS: UBS said it is initiating coverage on ICO with a Neutral rating. Sets $11 target price.

Coca-Cola Femsa

downgraded at UBS: UBS said it is downgrading KOF to Neutral from Buy based on recent price performance. Raised target price to $40 from $37.55.

PRA International

upgraded at Goldman: Goldman said it is increasing its rating on PRAI to Outperform from Inline.

Research in Motion

downgraded at Bear: RIMM was downgraded from Peer Perform to Underperform, Bear Stearns said. Growth is slowing, and the wireless email market could be becoming saturated. Estimates also cut, and see fair value around $66-$72.

Research in Motion

estimates lowered at UBS: UBS said it is lowering its 2007 EPS estimates on RIMM to $3.28 from $3.52 after disappointing sub guidance. Maintained Buy rating.

Raytheon

downgraded at CSFB: CSFB said it is downgrading RTN to Underperform based on valuation. Stock now trades at a premium compared to peers.

Stanley Works

upgraded at Deutsche: SWK was upgraded from Hold to Buy, Deutsche Bank said. $62 price target. Recent meeting with management increased confidence in near-term results.

US Steel

upgraded at Deutsche: Rating on X was boosted to Hold, Deutsche Bank said. Estimates also raised, as steel fundamentals continue to improve. $63 price target.

STOCK COMMENTS / EPS CHANGES

Alaska Air

estimates raised at Goldman: Goldman said it is increasing its estimates on ALK for the full year to $3.55 a share from $3.35 a share. Maintained Outperform rating.

Amgen

target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 and 2007 EPS estimates on AMGN from $3.65 and $4.18 to $3.66 and $4.24 and target raised by $1 to $77 following a physician survey to assess penetration rates. Maintained Hold rating.

Abercrombie & Fitch

target cut at Deutsche: Target on ANF was lowered to $60, according to Deutsche Bank. Company seeing sharp deceleration in comp sales. Hold rating.

Alliant Techsystems

target price raised at CSFB: CSFB said it is raising its target price on ATK to $81 from $77 based on higher multiple stemming from a better defense budget outlook. Maintained Neutral rating.

Boeing

outlook raised at CSFB: CSFB said it is raising its 2006 EPS estimates on BA to $3.56 from $3.39 to account for better than expected jet deliveries and diminished deferred tax headwind. Raised target price to $88.

Chicago Mercantile Exchange

outlook raised at CSFB: CSFB said it is raising its 2007 EPS estimates on CME to $13.90 from $13.30 to account for energy related earnings and healthier second half 2006 volumes. Raised target price to $440 from $395.

CSX

outlook raised at UBS: UBS said it is raising its 2006 EPS estimates on CSX to $4.14 from $3.77. Believes operational recovery is for real. Raised target price to $76 from $70.

Citrix Systems

target price raised at CSFB: CSFB said it is raising its target price on CTXS to $44 from $36 based on increased near-term estimates and long-term growth assumptions. Maintained Outperform rating.

Fiserv

target lowered at Jefferies: Jefferies said it was lowering the target on FISV by $2 to reflect the timing of FAS 123 expense. Maintained Hold rating.

Gilead Sciences

outlook raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on GILD for 2007 to $2.22 a share from $2.09 a share. Target raised to $70.

Goodrich

estimates raised at CSFB: CSFB said it is raising its 2006 EPS estimates on GR to $3.22 from $2.30 to account for a tax gain from the closing of a 5-year litigation. Maintained $43 target price.

Hershey

estimates cut at Prudential: Prudential said it is cutting its 2006 estimates on HSY by 3 cents to $2.56 a share to reflect lower growth outlook and Easter holiday shift. Maintained Underweight rating.

Kerr-McGee

target raised at Friedman, Billings, Ramsey & Co.: Friedman, Billings, Ramsey & Co. said it was raising the target on KMG from $139.78 to $145 after traveling with company management. Maintained Outperform rating.

Lone Star Tech

estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on LSS from $6.65 to $6.72 on alloy product mix. Maintained Buy rating and $78 target.

Maverick Tube

target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 and 2007 EPS estimates on MVK from $6.10 and $6.45 to $6.55 and $7.35 and the target by $7 to $52 citing growth in capacity. Maintained Hold rating.

Pepsi Bottling Group

target price raised at UBS: UBS said it is raising its target price on PBG to $38 from $35 on positive outlook. Maintained Buy rating.

Starbucks

target price raised at UBS: UBS said it is raising its target price on SBUX to $42 from $40. Sees strong sales momentum continuing. Maintained Neutral rating.

SiRF Tech Holdings

target raised at Jefferies: Jefferies said it was raising the target on SIRF by $5 to $45 on supply chain checks. Maintained Buy rating.

Constellation Brands

outlook cut at Goldman Goldman said it is lowering its estimates on STZ for the full year to $1.77 a share from $1.80 a share. Not a great quarter but thesis still largely intact.