CHANGE IN RATINGS

Best Buy

(BBY) - Get Report

was downgraded to Market Perform, Bernstein said. Estimates and target price also cut, as the stock has finally caught up to market expectations, it says. Bernstein sees little earnings upside potential in the near-term, and visibility becomes less clear headed into 2008.

Dow Jones

( DJ)was upgraded from Hold to Buy, Deutsche Bank said, and it set a $39 price target. Estimates also raised, to reflect cost-cutting expectations. New CEO has good turnaround strategy, says Deutsche.

Goldman said it is upgrading

Etrade

(ET) - Get Report

to Buy from Neutral. It does not view Bank of America's free trade proposal as a threat to core franchise, and says a ecent 12% decline is overdone. Price target at $27.

Fortune Brands

( FO) coverage was initiated with a neutral rating, Goldman said. It sees attractive valuation but risk centered around possible weak housing market. Price target at $86.

Garmin

(GRMN) - Get Report

was upgraded from Neutral to Buy, Merrill Lynch said. $60 price target. Market for personal navigation devices remains robust, and the company should maintain the lion's share of the market through at least 2008.

Piper said it is upgrading

Investors Financial

( IFIN) to a Market Perform rating due to valaution as headwinds are now priced in. Maintained $38 target price.

Intuit

(INTU) - Get Report

was downgraded to Sell at Merrill Lynch, which says the ttock appears overvalued by 10% to 15%, and doesn't appear to have any material near-term catalysts.

Credit Suisse said it is initiating coverage on

Priceline.com

(PCLN)

with an Outperform rating and $42 price target. It sees leverage to European hotel segment and opaque pricing model driving near-term growth.

Protective Life

( SGP) was downgraded from Buy to Neutral at Merrill Lynch. Higher interest rates add to earnings risk, though the company remains undervalued, based on the DCF model. Estimates cut through 2007.

Target on

Schering-Plough

( SGP) was raised to $25 from $23, Goldman said. Recent quarterly results indicate broad-based growth and positive gross margins. Maintained Neutral rating.

Schering-Plough

( SGP) was downgraded from Buy to Hold at Deutsche Bank, and a $24 price target set. Vytorin results and share price have reached targets.

Toll Brothers

(TOL) - Get Report

was initiated with an Overweight rating at Morgan Stanley, with a $23 price target. Stock represents a 21% drop from current levels, but still relative expected outperformance of the overall group over the next year, Morgan says.

Goldman said it is downgrading

TradeStation

( TRAD) to Neutral from Buy due to strong price action versus peers like E*Trade. Still see 11% upside from current prices. Price target at $18.

STOCK COMMENTS / EPS CHANGES

Jefferies said it is increasing its 2006 estimates on

Albemarle

(ALB) - Get Report

to $3.85 from $3.15 due to lower tax rate and strong pricing power. Price target increased to $65 from $55. See decelerating earnings momentum in 2007. Reiterated Hold rating.

Credit Suisse said it is cutting its target on

Caterpillar

(CAT) - Get Report

to $78 from $98 due to messy Q3 results and lowered outlook. Issues include expenses related to legal disputes, production problems, and timing issues in sale of mining trucks. Company also lowered 2007 guidance. Maintained Outperform rating.

2006 estimates on

Cytec

(CYT)

reduced to $3.42 from $3.60, Jefferies said. Company reported below consensus Q3 and reduced guidance. Price target lowered to $66 from $70. Reiterated Buy rating.

Goldman said it is upping its target on

Merck

(MRK) - Get Report

to $36 from $30 due to increased guidance. Believe significant growth expectations priced into shares. Maintain Sell rating.

Merck estimates raised through 2008, according to Morgan Stanley. Company reported a strong quarter outside of Vioxx legal costs. Market continues to underestimate the company's new product line. Overweight rating and new $50 price target.

Jefferies said it is cutting its target on

Noble

(NE) - Get Report

to $100 from $109 due to higher potential operating costs and additional rig downtime. Reiterated Buy rating.

Piper said it is cutting its target price on

Radian

(RDN) - Get Report

to $71. Maintained Outperform rating.

Goldman said it is cutting its target on

Schlumberger

(SLB) - Get Report

to $80 from $86 due to a more conservative 2007 outlook. Maintained Buy rating.

SLB 2006 estimates increased to $3.00 from $2.90, Credit Suisse said. Increase driven by strong Q3 results and bright outlook for WesternGeco. Maintained Neutral rating.

Williams-Sonoma

W

(WSM) - Get Report

shares now seen reaching $40, Morgan Stanley said. Estimates also cut, as West Elm growth could cannibalize Pottery Barn sales. Slower housing market and competition from TGT also hanging over the stock. Overweight rating.

STRATEGY CALLS / MARKET CALLS

Morgan Stanley said it downgraded the Integrated Oil sector from Attractive to In-Line, Morgan Stanley said. Utilization rates should gradually decline over the next couple of years, says.