CHANGE IN RATINGS
initiated at UBS with Buy rating. Price target set at $102 and FY 2008 EPS estimates start at $6.05.
upgraded at UBS to Buy rating from Neutral. Price target and FY 2008 EPS estimates hold at $23 and $1.21, respectively.
initiated at UBS with Buy rating. Price target set at $52 and FY 2008 EPS estimates starts at $3.05.
upgraded at JP Morgan from Underweight to Neutral. Company has a solid balance sheet and has pulled back to a reasonable valuation. Share buybacks could also add 20 cents to 2008 earnings.
downgraded at Goldman Sachs to Sell from Neutral due to valuation and likely PC component correction. Shares trade well above analog peer group multiples and could see weakness from decrease in demand from PC end-market. Maintained price target of $29.
( LFG) upgraded at Keefe, Bruyette & Woods from Market Perform to Outperform. $67 price target. Stock was down 20% last week, but is now trading at just 57% of stated book value.
upgraded at UBS to Buy rating from Neutral. However, price target and FY 2008 EPS estimates lowered to $19 from $20 and $1.21 from $1.71, respectively.
( PALM) downgraded at Lehman from Equal-weight to Underweight. $12 price target. Estimates also cut because of lower Treo demand and increased price competition.
initiated at UBS with Buy rating. Price target set at $121 and FY 2008 EPS estimates start at $5.00.
( TMA) upgraded at Jefferies to Hold rating from UnderPerform. Price target holds at $12.50 and FY 2008 EPS estimates lift to $1.00 from $0.90.
upgraded at Bear Stearns to Peer Perform. 2008 estimates also boosted, after a recent meeting with management. Company has improved its balance sheet in recent months.
initiated at UBS with Neutral rating. Price target set at $70 and FY 2008 EPS estimates start at $4.35.
downgraded at Friedman, Billings Ramsey to Market Perform. $75 price target. Estimates also cut, as the bank's region will likely continue to struggle.
STOCK COMMENTS / EPS CHANGES
( MOT) price target raised at Goldman to $18 from $16 based on expectations for stable handset market share and margins, as well as higher expectations for imrpovements in cash conversion cycle and cash flow in 2008. Maintained Neutral rating.