Friday's Analysts' Upgrades and Downgrades

Who made what calls.
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CHANGE IN RATINGS

F5 Networks

(FFIV) - Get Report

downgraded at Citigroup: FFIV was downgraded to Hold, Citigroup said. $72 price target. Options investigation is over, though the stock now appears fully valued at current levels.

Gap

(GPS) - Get Report

downgraded at Merrill: GPS was downgraded from Buy to Neutral, Merrill Lynch said. Old Navy continues to struggle and the stock is already up 26% from its July lows. Estimates also cut through 2007.

Goodyear Tire

(GT) - Get Report

upgraded at Merrill: GT was upgraded from Sell to Neutral, Merrill Lynch said. USW strike has been going on for 5 weeks, likely costing the company $35 million per week. Even so, foreign business should continue to outperform.

W.W. Granger

(GWW) - Get Report

downgraded at Goldman: Goldman said it is downgrading GWW to Sell from Hold due to risk of sales and EPS shortfalls over next 2-3 quarters from short-cycle MRO exposure. Price target cut to $68 from $71.

Nordstrom

(JWN) - Get Report

upgraded at Goldman Sachs: Goldman said it is upgrading JWN to Neutral from Sell due to impressive top-line growth. See room for future margin and EPS upside. Price target raised to $45 from $41.

Sappi Limited

(SPP)

upgraded at Credit Suisse: Credit Suisse said it is upgrading SPP to Outperform from Neutral to reflect stronger than expected improvement in South Africa and in Europe's coated business. Raises target price to $17.

Wesco

(WCC) - Get Report

downgraded at Goldman Sachs: WCC downgraded to Neutral from buy, Goldman said. See limited further gains for stocks in cyclical multi-industry subsector. Price target at $72.

STOCK COMMENTS / EPS CHANGES

Boeing

(BA) - Get Report

target price raised at Prudential: Prudential said it is raising its target price on BA by $1 to $94 to reflect helicopter program win. Maintained Overweight rating.

Bausch & Lomb

(BOL)

numbers cut at Piper:Piper said it is cutting its target price on BOL to $53 to reflect lower earnings expectations. Maintained Market Perform rating.

Disney

(DIS) - Get Report

target raised at Goldman: Goldman said it is upping its target on DIS to $38 from $37. 2007 estimates increased to $1.73 from $1.71. See continuing strong business momentum.

Limited Brands

(LTD)

price target raised at Jefferies: Jefferies said it is upping its target on LTD to $34 from $26.75. Company appears poised to generate greater ongoing growth. Upbeat outlook for Victoria's Secret and BBW. Reiterated Hold rating.

Lexmark

(LXK)

target price raised at Prudential: Prudential said it is raising its target price on LXK to $73 to reflect increased confidence in story. Maintained Overweight rating.

Nvidia

(NVDA) - Get Report

target price raised at UBS: UBS said it is raising its target price on NVDA to $42 from $30 based on strong 3Q results and positive 4Q guidance. Maintained Neutral rating.

Robert Half

(RHI) - Get Report

target price raised at UBS: UBS said it is raising its target price on RHI to $40 from $34 based on projected strong earnings growth through 2008. Maintained Neutral rating.

TXU

(TXU)

price target cut at Jefferies: Jefferies said it is lowering its target on TXU to $59 from $63 after company reported lower than expected quarterly earnings. Reaffirmed guidance of $5.50-$5.75 in 2006. Reiterated Hold rating.

Tyco International

(TYC)

target price raised at UBS: UBS said it is raising its target price on TYC to $36 from $35 to reflect a revenue-based sum of the parts analysis. Maintained Buy rating.

Exxon Mobil

(XOM) - Get Report

target boosted at Bear: Shares of XOM now seen reaching $85, according to Bear Stearns. Investor meetings suggested that the company should continue to outperform over the coming quarters. Outperform rating.