CHANGE IN RATINGS
downgraded at Prudential from Overweight to Neutral. $175 price target. Earnings growth has stabilized, and near-term upside may be limited.
downgraded at UBS to Neutral rating from Buy. Price target and 2008 eps estimates hold at $36 and $1.00, respectively.
downgraded at Morgan Stanley from equalweight to underweight, and removes its $54 price target.
upgraded at Wachovia to Outperform. Company has several potential upcoming catalysts, and a positive rate case decision could lead to a higher dividend and credit rating upgrade.
upgraded to Outperform at Bear Stearns. $68 price target. Estimates also raised to the highest on the Street, as buybacks and accelerated sales growth should lead to higher earnings.
downgraded at Morgan Stanley from overweight to equalweight, and removes its $85 price target.
STOCK COMMENTS / EPS CHANGES
target price raised at Goldman to $68 from $65 following positive meeting with management. Maintained Buy rating.
target price raised at Credit Suisse to $46 from $44. Believes growth and earnings momentum may be under appreciated. Maintained Outperform rating.
STRATEGY CALLS / MARKET CALLS
Cable sector upgraded at Citigroup: The Cable sector was upgraded from Hold to Buy at Citigroup. Valuation call. Ratings and targets also boosted for CMCSA and TWC.