CHANGE IN RATINGS
upgraded at UBS: UBS upgrades shares of BUD to Neutral from Reduce rating. Lifts price target to $50.00 from $46.00 and ups 2007 EPS estimates to $2.84 from $2.82.
upgraded at UBS: UBS upgrades shares of CAH to Buy from Neutral. Raises price target to $77.00 from $74.00. Lowers FY 2007 EPS estimates to $3.26 from $3.67.
UBS raises estimates at
:CAM numbers raised, UBS said. Price target lifts to $71.00 from $65.00 and bumps 2007 EPS estimates a penny to $4.05. Reiterates Buy rating.
upgraded to peer perform at Bear Stearns: Bear Stearns upgrades Chevron from underweight to peer perform, based on an improvement in the company's operating performance.
upgraded at Bear Stearns: Bear Stearns upgrades Community Health Systems to outperform, believing the worst is now behind the company.
rated new Outpeform at Credit Suisse: Credit Suisse said it is initiating coverage on LYV with an Outperform rating. Sees several positive near-term catalysts that could move shares higher over the next 12 to 18 months. Sets $28 target price.
UBS lowers numbers on
:MHS estimates lowered at UBS. Price target drops to $58.00 from $66.00. 2007 EPS estimates rise a penny to $3.15. Reiterates Neutral rating.
to Buy: RWT upgraded to Buy, Jefferies said. Lifts price target to $65.00 from $42.00 and ups 2007 EPS estimates to $5.63 from $4.61.
STOCK COMMENTS / EPS CHANGES
estimates lowered at Goldman: Goldman said it is cutting its 2007 estimates on ANF to $5.26 from $5.33 following disappointing November same store sales numbers (down 3%). Maintained Buy rating and $86 target.
Abercrombie & Fitch
target price lowered at Credit Suisse: Credit Suisse said it is lowering its target price on ANF to $74 from $83. Cites more cautious on the stock as inventory turns have slowed. Maintained Neutral rating.
Credit Suisse lowers estimates for retailers
: Credit Suisse said it is lowering its 4Q 2006 EPS estimates on ANN and GPS based on weaker November sales. Maintained Outperform rating for GPS and Neural rating for ANN.
Jefferies initiated coverage on
Jefferies said it is initiating coverage on GMT with a Hold rating. Sets price target at $50.00.
EPS estimates lowered at UBS: UBS lowers 2007 EPS estimates to $1.35 from $1.17. Reiterates Neutral rating.
target lowered at Morgan Stanley: Morgan Stanley lowers its price target on H&R Block to $21 to reflect lower earnings estimates. Maintain underweight rating.
price target raised at Morgan Stanley: Morgan Stanley raises its price target at Johnson Controls to $90, and maintains overweight rating.
numbers lowered at Jefferies: Jefferies lowers number for OVTI. Price target drops to $14.00 from $15.00 and lowers 2007 EPS estimates to $1.03 from $1.28. Reiterates Hold rating.
price target raised at Morgan Stanley: Morgan Stanley raises its price target on Pfizer to $31 to reflect the company's updated earnings guidance. Maintains overweight rating.
price target higher at Goldman: Target on SYK increased to $58 from $56, Goldman said. See rebound in surgical volumes and solid uptake of new products. Maintained Buy rating and added to Americas Conviction Buy List.
price target raised at Goldman: Goldman said it is increasing its target on TGT to $68 from $66 due to potential upside earnings surprise, easy Q1 comparisons, and reaccelerating retail segment operating profit growth. Stock added to Americas Conviction Buy List. Maintained Buy rating.
numbers raised at Jefferies: Jefferies raises 2007 EPS estimates to $1.12 from $1.08. Lifts price target to $28.00 from $19.00. Reiterates Hold rating.
price target lowered at Goldman: Goldman said it is cutting its target on WMT to $53 from $57 due to lack of positive momentum heading into holiday season. See little room for EPS upside and believe turnaround is early stages. Maintained buy rating.