Publish date:

Friday's Analysts' Upgrades and Downgrades

Who made what calls.


CACI International

(CAI) - Get CAI International, Inc. Report

upgraded at UBS to Buy rating from Neutral. Price target lifts to $56 from $53, and 2008 EPS estimates rise to $2.89 from $2.77.


(INTC) - Get Intel Corporation (INTC) Report

was upgraded from Neutral to Buy at Merrill Lynch. $28 price target. Company is handling AMD, and is coming up toward an exciting product cycle.

ITT Corp.

(ITT) - Get ITT, Inc. Report

initiated at Morgan Stanley with an equal weight rating and $68 price target.

Juniper Networks

(JNPR) - Get Juniper Networks, Inc. (JNPR) Report

downgraded at Citigroup from Buy to Hold. Stock is up 30% since January, reaching the $24 price target. Share repurchase program may even become dilutive at current levels.

Nova Chemicals


downgraded at UBS to Neutral rating from Buy. However, 2007 EPS estimates rise to $4.00 from $3.80 from price target lifts to $38 from $36.


upgraded at Citigroup from Hold to Buy. Stock has dropped 10% since its earnings report, but the company's strategy should continue to be successful over the long term. $69 price target.

Riverbed Tech

TheStreet Recommends


upgraded from Hold to Buy at Citigroup. $52 price target. Company had a strong quarter, and the product cycle remains favorable heading into the second half of the year.

Tenet Healthcare

(THC) - Get Tenet Healthcare Corporation Report

was downgraded from Peer Perform to Underperform at Bear Stearns. Company has struggled in California, and margins could remain weak over the coming quarters. Estimates also cut. Fair value lies around $5.50 a share.


(VZ) - Get Verizon Communications Inc. Report

was upgraded from Sell to Buy at Citigroup. $48 price target. Wireline fundamentals should bottom out this year, and the outlook for wireless remains strong.


Advance Auto Parts

(AAP) - Get Advance Auto Parts, Inc. Report

target raised at Goldman to $45 from $43 after company posted inline earnings and margins for its first quarter. See potential for a new CEO to come in harness potential in AAP's assets. Maintained Buy rating.

HB Fuller

(FUL) - Get H.B. Fuller Company Report

added to Focus List at JP Morgan. $32.50 price target. Company trades at a discount to its peers and has a healthy free cash flow yield.


(KSS) - Get Kohl's Corporation (KSS) Report

numbers raised at Jefferies. Price target jumps to $103 from $85, and 2008 EPS estimates rise to $4.58 from $4.50. Reiterates Buy rating.

Marvell Technology

(MRVL) - Get Marvell Technology Group Ltd. Report

numbers lowered at Jefferies. Price target lowered $21 from $22, and 2008 EPS estimates drop to $0.70 from $0.74. Reiterates Buy rating.