Analysts' Actions: A Daily Roundup of Street Research

Who made what calls.
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CHANGE IN RATINGS

Alberto-Culver

coverage initiated at Goldman: Goldman said it is initiating coverage on ACV with an Inline rating.

Ameristar Casinos

upgraded at CIBC:CIBC said it is upgrading ASCA to Sector Outperformer from Sector Performer. Believes valuation is compelling. Raised target price to $29 from $28.

Bausch & Lomb

downgraded at JP Morgan: JP Morgan said it is downgrading BOL to Underweight and suspending estimates after the company announced to halt shipments of its flagship lens care product.

Bausch & Lomb

downgraded at Goldman: Goldman said it is lowering its rating on BOL to Underperform from Inline following expanded reports on Fusarium keratitis in the US.

Bausch & Lomb

downgraded at Piper: Piper said it is downgrading BOL to a Market Perform rating after company announced it would halt US shipments of ReNu with Moisture Lock solution.

Freeport McMoran

upgraded at Merrill: FCX was upgraded from Neutral to Buy, Merrill Lynch said. Company realizing higher selling prices for both copper and gold. $85 price target.

Inter-Tel

downgraded at JP Morgan: JP Morgan said it is downgrading INTL to Underweight from Neutral. Cites increasingly competitive market and difficult transitioning to IP-centric products.

International Paper

upgraded at Morgan Stanley: Morgan Stanley said it is increasing its rating on IP to Overweight from Equalweight. Target raised to $42 a share from $29 a share.

Lincoln National

coverage initiated at Goldman: Goldman said it is initiating coverage of LNC with an Inline rating.

MeadWestvaco

downgraded at CSFB: CSFB said it is downgrading MWV to Neutral from Outperform based on valuation. Stock reached $30 target price.

Southern Copper

upgraded at Deutsche: PCU was upgraded from Hold to Buy, Deutsche Bank said. $105 price target. Average copper selling price is up 51%.

STOCK COMMENTS / EPS CHANGES

Alcoa

estimates raised at Prudential: Prudential said it is raising its 2006 estimates on AA by $1 to $2.75 a share due to higher expected aluminum prices. Target raised to $30.

Alcoa

estimates raised at CSFB: CSFB said it is raising its 2006 EPS estimates on AA to $2.60 from $2.16 following strong Q1 results. Raised target price to $40 from $37.

Alcoa

estimates raised at Goldman: Goldman said it is raising its estimates ion AA for the full year to $2.91 a share from $2.73 a share. Maintained Underperform rating.

Alcoa

estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on AA for the full year to $2.80 a share from $2.26 a share. Maintained Equalweight rating.

Best Buy

target price raised at UBS: UBS said it is raising its target price on BBY to $75 from $64. Sees strong earnings from improving demand for higher end CE products and more aggressive cost controls. Maintained Buy rating.

Bausch & Lomb

estimates cut at Bear Stearns: Bear Stearns said it was cutting FY 2006 EPS estimates on BOL from $3.82 to $3.42 on ReNu uncertainty. Maintained Market Weight rating.

Caterpillar

estimates raised at Prudential: Prudential said it is raising its 2006 estimates on CAT by 2 cents to $4.97 a share due to slightly better expectations for Q1. Maintained Neutral Weight rating.

Cablevision

estimates lowered at Jefferies: Jefferies said it was lowering FY 2006 EPS estimates from $-0,24 to $-0.97 on $10 special dividend declaration. Maintained Buy rating and $34 target.

Emmis

estimates raised at Goldman: Goldman said it is increasing its loss estimates on EMMS for 2005 to 13 cents a share from 7 cents a share. Maintained Inline rating.

FirstEnergy

estimates raised at Jefferies: Jefferies said it was raising FY 2007 EPS estimates on FE from $3.90 to $4.10 following filing of Penn. rate plan. Maintained $60 target and Buy rating.

Google

estimates raised at Piper:Piper said it is raising its 2006 estimates on GOOG by 8 cents to $8.82 a share due to increased confidence in Q1 revenue numbers. Maintained Outperform rating.

Louisiana-Pacific

estimates cut at Goldman: Goldman said it is lowering its estimates on LPX to $1.65 a share from $2.05 a share.

Micron Tech

estimates lowered at Jefferies: Jefferies said it was lowering FY 2006 EPS estimates on MU from $0.44 to $0.13 following fiscal Q2 results. Maintained Hold rating and $16 target.

Micron Tech

outlook cut at Goldman: Goldman said it is lowering its estimates on MU to 39 cents a share from 41 cents a share. Still generating operating losses despite diversification efforts.

NAVTEQ

target raised at Jefferies: Jefferies said it was raising the target on NVT by $2 to $60 on the announcement of a traffic radio data service and strong PND market growth. Maintained Buy rating.

Schnitzer

estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on SCHN for the full year ending Aug. 2006 to $3.42 a share from $3.39 a share. Inline quarter. Expects EPS rebound in Q3.