CHANGE IN RATINGS
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.
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.
initiated at Morgan Stanley with an equal weight rating and $68 price target.
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.
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.
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.
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.
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.
STOCK COMMENTS / EPS CHANGES
Advance Auto Parts
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.
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.
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.
numbers lowered at Jefferies. Price target lowered $21 from $22, and 2008 EPS estimates drop to $0.70 from $0.74. Reiterates Buy rating.