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Analysts' Actions: A Daily Roundup of Street Research

Analysts' Actions: A Daily Roundup of Street Research

Who made what calls.
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Who made what calls.

CHANGE IN RATINGS

Activision

upgraded at Bear: ATVI was upgraded from Peer Perform to Outperform, Bear Stearns said. $16 price target. Company could gain 2% to 3% of market share over the next several quarters, as management appears to be savvy in playing the console transition.

Corinthian Colleges

upgraded at SunTrust Robinson Humphrey: SunTrust Robinson Humphrey said it is upgrading COCO to Buy based on stabilizing demand for healthcare education and internal operations improvement. Sets target price at $18.

Enbridge

upgraded at UBS: UBS said it is increasing its rating on ENB to Buy from Neutral. Target is $42 a share.

IntercontinentalExchange

rated new Outperform at Bear: ICE was initiated with an Outperform rating, Bear Stearns said. Company has established a strong position in a fast-growing global market.

Iowa Telecom

downgraded at Morgan Stanley: Morgan Stanley said it is lowering its rating on IWA to Underweight with a target price of $16 a share from $20 a share. Stock faces more potential downside and less potential upside than peers.

Eli Lilly

upgraded at Friedman, Billings, Ramsey: FBR said it is upgrading LLY to Market Perform from Underperform based on valuation. Maintained $53 target price.

Meredith

downgraded at Deutsche: MDP was downgraded from Buy to Hold, Deutsche Bank said. $56 price target. Company said that June quarter is off to a slow start, especially on the magazine side.

Micron Technology

upgraded at JP Morgan: JP Morgan said it was upgrading MU from Underweight to Neutral on stable DRAM pricing.

Nvidia

downgraded at Friedman, Billings, Ramsey & Co.: Friedman, Billings, Ramsey & Co. said it was downgrading NVDA from Market Perform to Underperform and cutting the target by $1 to $24 on slowing PC market demand.

Regions Financial

downgraded at Friedman, Billings: RF was downgraded to Market Perform, Friedman, Billings Ramsey said. Company posted a disappointing quarter, and is showing negative operating leverage. Net interest margin improved, but balance sheet growth has been absent.

Take-Two Interactive

downgraded at Bear: TTWO was downgraded from Peer Perform to Underperform, Bear Stearns said. Company consistently struggles to execute, despite the uniqueness and popularity of its games. $14 price target.

STOCK COMMENTS / EPS CHANGES

CSK

outlook lowered at Goldman: Goldman said it is lowering its estimates on CAO for the full year to 81 cents a share from 83 cents a share. Maintained Inline rating.

Cott

estimates cut at UBS: UBS said it is lowering its estimates on COT for the full year to 47 cents a share from 48 cents a share. Inventory destocking impacts COTT, but not the bottlers.

Endo Pharma.

target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on ENDP by 3-cents to $1.75 and the target by $2 to $35 on strong Lidoderm performance. Maintained Buy rating.

Ericsson

outlook raised at UBS: UBS said it is raising its 2006 EPS estimates on ERICY by 11 cents to $2.29 for purchased intangibles. Raised target price to $44.21 from $41.61.

Eaton

estimates raised at Goldman: Goldman said it is increasing its estimates on ETN for the full year to $6.23 a share from $6.10 a share. Maintained Inline rating.

Eaton

estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on ETN from $5.80 to $5.92 on Q1 results. Maintained Buy rating.

Eaton

estimates raised at Prudential: Prudential said it is raising its 2006 estimates on ETN by a penny to $6.30 a share. Maintained Overweight rating.

Heartland Express

estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on HTLD for 2006 to $1.14 a share from $1.04 a share. Maintained Equalweight rating.

Invitrogen

outlook lowered at UBS: UBS said it is lowering its 2006 EPS estimates on IVGN by 5 cents to $3.51 due to delay on orders. Lowered target price to $82 from $85.

Knight Ridder

outlook lowered at Goldman: Goldman said it is lowering its estimates on KRI for the full year to $3.19 a share from $3.46 a share. Q1 results were better than expected.

Nokia

outlook raised at UBS: UBS said it is increasing its estimates on NOK for the full year to $1.23 a share from $1.21 a share. Share buyback and device operating metrics drive upside to estimates.

RSA Security

target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on RSAS by 5 cents to $0.65 and the target by $3.50 to $17 on Q1 results. Maintained Hold rating.

Raytheon

outlook raised at Goldman: Goldman said it is increasing its estimates on RTN for the full year to $2.60 a share from $2.55 a share. Maintained Inline rating.

Sprint Nextel

estimates raised at Goldman: Goldman said it is increasing its estimates on S for the full year to $1.65 a share from $1.64 a share. Maintained Outperform rating.

SunTrust

estimates raised at Piper: Piper said it is raising its 2006 estimates on STI by 2 cents to $6.05 to reflect EPS beat in Q1. Maintained Market Perform rating.

UPS

estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on UPS for 2006 to $4.05 a share from $3.95 a share. Maintained Equalweight rating.

Wachovia

estimates cut at Piper: Piper said it is cutting its 2006 estimates on WB by 2 cents to $4.75 a share due to lower net interest margin. Maintained Outperform rating.