Analysts' Actions: A Daily Roundup of Street Research - TheStreet

CHANGE IN RATINGS

Advanced Auto Parts

upgraded at CSFB: CSFB said it is upgrading AAP to Outperform based on positive long-term outlook. Maintained $46 target price.

Dell

downgraded at Baird: DELL was downgraded from Outperform to Neutral, Robert Baird said. $26 price target. Valuation is near historic lows, though the latest earnings warning casts doubt on the overall business model.

Dell

estimates cut at Goldman: Dell estimates reduced to $1.46 from $1.56 in 2006 at Goldman. Too soon to take the plunge into the stock. Maintained Inline rating.

Four Seasons Hotel

downgraded at UBS: UBS said it is downgrading FS to Neutral from Buy based on valuation. Maintained $75 target price.

Genzyme

downgraded at JP Morgan: GENZ was downgraded from Overweight to Neutral, JP Morgan said. Company's LSD franchise is facing increased competition.

General Motors

upgraded at Deutsche: GM was upgraded from Sell to Hold, Deutsche Bank said. $25 price target. Recent asset sales have bought the company time to turn its core business around. Valuation also improves, as the yield curve gets steeper again.

Inco

downgraded at Citigroup: Rating on N was cut from Buy to Hold, Citigroup said. $68 price target. Stock appears fully valued, based on TEK bid.

Inco

downgraded at Deutsche: Rating on N was cut from Buy to Hold, Deutsche Bank said. Other bids are possible, but do not expect considerable upside from current levels. $70 price target.

Netflix

upgraded at Cowen: NFLX was upgraded to Outperform, Cowen said. Company should continue to deliver strong subscriber growth, and could reach 20 million users by 2012. Stock can outperform the market by 30% or more, over the next 12 months.

Prestige Brands

downgraded at Goldman: Goldman said it is lowering its rating on PBH to Underperform from Inline and cutting 2006 estimates to 69 cents a share from 80 cents a share.

Union Pacific

upgraded at JP Morgan: UNP was upgraded from Neutral to Overweight, JP Morgan said. Company posted strong yield and margin gains in the first quarter, and the pricing environment should improve. Estimates also raised.

Westlake Chemical

upgraded at CSFB: CSFB said it is upgrading WLK to Outperform from Neutral based on solid earnings power. Raised target price to $40 from $37.

STOCK COMMENTS / EPS CHANGES

Barrick Gold

estimates raised at Prudential: Prudential said it is raising its 2006 estimates on ABX by $1.09 to $1.83 a share due to higher gold price forecast and reduction of hedging. Maintained Underweight rating.

aQuantive

target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 and 2007 EPS estimates on AQNT from $0.61 and $0.81 to $0.63 and $0.89 and the target raised by $2 to $30. Maintained Buy rating.

aQuantive

estimates raised at Piper: Piper said it is raising its 2006 estimates on AQNT by a nickel to 49 cents a share following strong quarter marked by broad-based strength.

Beazer Homes

outlook cut at Goldman: Goldman said it is cutting its estimates on BZH for 2005 to $10.21 a share from $10.54 a share. Maintained Inline rating.

Dell

estimates lowered at UBS: CSFB said it is lowering its 2007 EPS estimates on DELL by 5 cents to $1.45 after the computer maker warned that 1Q results will fall short of estimates. Lowered target price to $27 from $28.

Dell

target price cut at CSFB: CSFB said it is lowering its target price on DELL to $28 from $35 after company warned that EPS would miss mark. Maintained Outperform rating.

Energy East

target raised at Jefferies: Jefferies said it was lowering FY 2006 EPS estimates on EAS by 10-cents to $1.75 but raising the target by a dollar to $25 following Q1 results. Maintained Hold rating.

Edison International

estimates raised at Jefferies: Jefferies said it was raising FY 2007 EPS estimates on EIX by 10-cents to $3.40 on Q1 results. Maintained Buy rating and $48 target.

FirstEnergy

estimates raised at Jefferies: Jefferies said it was raising FY 2006 and 2007 EPS estimates on FE from $3.65 and $4.10 to $3.85 and $4.20 on the grant of deferred accounting treatment on FERC approved transmission costs. Maintained Buy rating and $60 target.

Frontier Oil

estimates raised at Goldman: Goldman said it is increasing its estimates on FTO for the full year to $5.19 a share from $4.95 a share. Maintained Underperform rating.

Integrated Devices

outlook raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on IDTI for the full year to 47 cents a share from 46 cents a share. Target is $13 a share. Maintained Equalweight rating.

Medco Health Solutions

estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on MHS for the full year 2007 to $3.02 a share from $3.01 a share. Maintained Equalweight rating.

Nabors Ind.

estimates raised at Jefferies: Jefferies said it was raising FY 2006 and 2007 EPS estimates on NBR from $3.25 and $4.25 to $3.37 and $4.40 on Q1 results. Maintained Buy rating and $48 target.

Nabors Industries

estimates raised at UBS: CSFB said it is raising its 2007 EPS estimates on NBR to $4.56 from $4.37 to reflect improved business outlook. Maintained Buy rating.

Six Flags

estimates cut at Prudential: Prudential said it is cutting its 2006 estimates on PKS to a loss of 89 cents a share after a worse than expected quarter. Maintained Underweight rating.

Sonus

estimates raised at Goldman: Goldman said it is increasing its estimates on SONS for the full year to 12 cents a share from 10 cents a share. Maintained Inline rating. Despite continued low quarter to quarter revenue visibility, momentum into 2007 should support a new trading range for shares.

Thermo Electron

target price raised at UBS: CSFB said it is raising its target price on TMO to $47from $45. Believes merger with FSH is positive. Maintained Buy rating.

ValueClick

estimates lowered at Jefferies: Jefferies said it was lowering FY 2006 and 2007 EPS estimates on VCLK from $0.60 and $0.83 to $0.57 and $0.81 on Q1 results. Maintained Buy rating and $24 target.

Wachovia

estimates cut at Piper: Piper said it is cutting its 2007 estimates on WB by 15 cents to $5.15 a share due to dilution from Golden West deal. Maintained Outperform rating.