CHANGE IN RATINGS

Alberto-Culver

upgraded at JP Morgan: ACV was upgraded from Neutral to Overweight, JP Morgan said. Restructuring should help unlock value of the next few quarters, plus the company has many potential near-term core operating catalysts.

ATI Tech

downgraded at Friedman, Billings: ATYT was downgraded from Outperform to Market Perform, Friedman, Billings Ramsey said. $18 price target. PC market is slowing, and a shift in INTC's strategy could affect the company's second half sales.

Caremark

upgraded at Morgan Stanley: Morgan Stanley said it is raising its rating on CMX to Overweight from Equalweight. Target price of $58 a share.

California Pizza Kitchen

upgraded at CIBC: CIBC said it is upgrading CPKI to Sector Outperformer as it expects 2006 to be a key transition year. Raised target price to $40 from $38.

Cree

downgraded at CIBC: CIBC said it is downgrading CREE to Sector Performer based on valuation. Shares are up 38% year-to-date.

Express Scripts

downgraded at Morgan Stanley: Morgan Stanley said it is lowering its rating on ESRX to Underweight from Overweight. Shares may underperform.

Gold Kist

downgraded at SunTrust Robinson Humphrey: SunTrust Robinson Humphrey said it was downgrading GKIS from Buy to Neutral on decline in chicken prices and limited price visibility.

99 Cents Only Stores

downgraded at Piper Jaffray: Rating on NDN was lowered from Market Perform to Underperform, Piper Jaffray said. $10 price target. Shares up 22% since the beginning of the year, though a large sales or traffic increase is not expected.

Newmont Mining

upgraded at Prudential: NEM was upgraded from Underweight to Neutral, Prudential said. $50 price target. Gold prices may prove unsustainable, but the company's share price has consistently lagged the metal.

Raytheon

downgraded at Merrill: Merrill said it is lowering its rating on RTN to Neutral. DCF analysis suggests theoretical fair value is in the range of $46 to $48.

Smurfit-Stone

upgraded at Prudential:SSCC was upgraded from Underweight to Neutral, Prudential said. $15 price target. Company benefiting from lower natural gas and higher containerboard prices. Estimates also raised.

Molson Coors Brewing

downgraded at Deutsche Bank: Deutsche Bank said it was downgrading TAP from Buy to Hold on valuation. Maintained $71 target.

Weatherford

downgraded at Merrill: Merrill said it is downgrading WFT to Neutral. Says it recommends a swap to BHI.

STOCK COMMENTS / EPS CHANGES

Apple

estimates lowered at Goldman: Goldman said it is lowering its estimates on AAPL to $2.09 a share from $2.10 a share.

BEA Systems

target price raised at UBS: UBS said it is raising its target price on BEAS to $16 from $14. Sees product cycle emerging. Maintained Buy rating.

Cheesecake Factory

outlook lowered at Goldman: Goldman said it is lowering its estimates on CAKE to $1.12 a share from $1.14 a share. Near-term risk/industry issues weigh on shares.

Cummins

target raised at Prudential: Prudential said it was raising the target on CMI from $77 to $89 on North American truck production expectations.

Rockwell Collins

target price upgraded at UBS: UBS said it is raising its target price on COL to $67 from $62. Cites attractive valuation and believes shares have more upside. Maintained Buy rating.

Estee Lauder

estimates cut at Morgan Stanley: Morgan Stanley said it is lowering its estimates on EL for the full year to $1.86 a share from $1.87 a share. Maintained Equalweight rating.

Eaton

estimates, target raised at Prudential: Shares of Eaton now seen reaching $83, according to Prudential. Estimates also boosted, as the company should realize higher production in Class 5 and 8 trucks in North America. Overweight rating.

Linear Tech

estimates raised at Goldman: Goldman said it is raising its estimates on LLTC to $1.36 a share from $1.35 a share. Maintained Outperform rating.

Oil Forecast

raised at Raymond James: Raymond James said that the E&P sector represents an attractive investment in 2006 and beyond. Upgraded stocks include OXY, CHK, UL, XTO, BDE, CXG, CRK, EPL, RRC, and WGR.

Paccar

estimates raised at Prudential: Prudential said it is raising its 2006 EPS estimates on PCAR to $7.60 from $7.25 based on higher unit production expectations. Maintained Underweight rating.