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Analysts' Actions: A Daily Roundup of Street Research

Who made what calls.
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American Eagle Outfitters

upgraded at CSFB: CSFB said that it is upgrading its rating on AEOS to Neutral from Underperform. Believes momentum will enable company to achieve good results despite difficult comparisons. Raised target price to $32 from $24.

America Movil

upgraded at Deutsche: AMX was upgraded from Hold to Buy, Deutsche Bank said. $39 price target. Recent sell off has created a good buying opportunity. Company can post strong growth for the next few years.


downgraded at CIBC: CIBC said it is downgrading APPB to Sector Performer from Sector Outperform. Believes shares will trade sideways over the next few quarters. Lowered target price to $22 from $26.


upgraded at CSFB: CSFB said that it is upgrading its rating on ASF to Outperform from Neutral based on valuation after shares declined 35% over the past month. Maintained $48 target price.

BMC Software

upgraded at Goldman: Goldman said it is upgrading BMC to Inline from Underperform. The company is beginning to walk the walk.

BMC Software

upgraded at Piper: Piper said it is upgrading BMC to an Outperform rating. Valuation is attractive and turnaround is progressing better than expected.


downgraded at Goldman: Goldman said it is lowering its rating on CA to Underperform from Inline. Goldman cites current headwinds.

Circuit City

upgraded at Piper: Piper said it is upgrading CC to an Outperform rating and raising its target price to $40. Combination of HDTV cycle and turnaround can drive upside over next 12 months.

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upgraded at CSFB: CSFB said that it is upgrading its rating on COH to Outperform from Neutral. Believes expectations have become overly pessimistic. Raised target price to $40 from $35.

upgraded at UBS: UBS said that it is upgrading its rating on CRM to Neutral from Reduce. Believes current stock price is reflective of the company's competitive landscape. Raised target price to $31 from $27.


downgraded at Citigroup: FTD was downgraded from Buy to Hold, Citigroup said. Valuation call, as the risk/reward is more neutral now. Stock has caught up with solid Mother's Day performance. $14 price target.


upgraded at BB&T: GCO was upgraded from Hold to Buy, BB&T Capital said. Valuation call, based on a $45 price target. Company should also benefit from fashion shift toward more casual and athletic styles.


upgraded at Prudential: Prudential said it is upgrading JBLU to an Overweight rating as 2006 likely to still be profitable, and which should allow JBLU to outperform other airline names.

Mellon Financial

upgraded at Merrill: MEL was upgraded from Neutral to Buy, Merrill Lynch said. $41 price target. New CEO is finding leverage in the business model, and fee income trends remain strong

Magna International

downgraded at CIBC: MGA was downgraded from Outperform to Sector Perform, CIBC said. Weak light vehicle sales at GM and DCX, along with production cuts at GM and Ford, will weigh on earnings. $88 price target.

MGI Pharma

upgraded at Baird: MOGN was upgraded from Neutral to Outperform, Robert Baird said. $25 price target. Company seeing positive physician feedback and other indications. Estimates also raised, as Aloxi may see less generic pressure.

Outback Steakhouse

downgraded at CIBC World Markets: CIBC said it is downgrading OSI to Sector Performer from Sector Outperformer due to continued soft sales and EPS pressure. Noted likelihood that OSI will need large-scale remodeling effort. Lowered 2006 earnings estimates by 6 cents to $1.81 and cut price target to $40 from $47.

Sirf Technology

upgraded at Weisel: SIRF was upgraded from Peer Perform to Outperform, Thomas Weisel said. Company has leverage to under-penetrated and high-volume markets. Stock has also pulled back to an attractive level-- trading at 27 times 2007 earnings, and on track to generate 40%-plus annual growth.


upgraded at Bear Stearns: Bear Stearns said it is upgrading SNDK to Outperform from Peer Perform. Expects a more benign pricing environment in 3Q and flash market turning to undersupply in 2H of the year. Establishes $68 target price.

Texas Instruments

upgraded at Lehman: TXN was upgraded from Equal-weight to Overweight, Lehman Brothers said. $39 price target. Taking advantage of weakness ahead of Thursday's mid-quarter update. Macro risks remain, though the company should outperform its peers in the near term.

W-H Energy Services

downgraded at Deutsche Bank: Deutsche Bank said it is downgrading WHQ to Hold from Buy based on valuation concerns. Cautioned that recent surge in share price more likely a function of market forces than fundamental shift. Price target remains $55.



outlook raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on GSF for the full year 2007 to $7.75 a share from $7.64 a share. Maintained Underweight rating.