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Change in Ratings

Comverse Technology

(CMVT)

downgraded at JPMorgan to Neutral from Overweight following announcement that financial restatement will again be delayed. See limited near-term upside as uncertainty continues.

Johnson & Johnson

(JNJ)

downgraded at UBS to Neutral from Buy. Fiscal 2009 EPS estimates lowered to $4.69 from $4.70. Price target raised to $77 from $73.

Nordstrom

(JWN)

downgraded at Merrill to Neutral. $31 price target. Competition will likely continue to erode margins over the coming quarters.

NRG Energy

(NRG)

coverage reinstated at Goldman with a Buy rating, as M&A talks with

Calpine

(CPN)

have subsided. Price target at $48.

Stock Comments/EPS Changes

Melco Crown Entertainment

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numbers lowered at Jefferies. 2008 EPS estimates lowered to $0.16 from $0.22. Price target lowered to $18 from $19. Maintains Buy rating.

Wal-Mart

(WMT)

numbers raised at Jefferies. Fiscal 2009 EPS estimates raised to $3.53 from $3.50. Price target raised to $70 from $69. Maintains Buy rating.

This article was written by a staff member of TheStreet.com.