CHANGE IN RATINGS
Advanced Micro Devices
upgraded at JP Morgan to Neural from Underweight based on release of new server chip and valuation. Cites improved performance should help company gain back market share.
upgraded at Morgan Stanley from equalweight to overweight and moves price target to $48.
upgraded at UBS to Buy rating from Neutral. Price target and FY 2008 EPS estimates hold at $49 and $2.92, respectively.
upgraded at Needham to a Buy rating on improving fundamentals and potential upside from acquisition. Target upped to $115.
upgraded at Bear Stearns to Outperform from Neutral based on upbeat reports on healthcare restructuring with UAW. Cites stock has 30% upside potential. Raised target to $10.50.
upgraded at Morgan Stanley from equalweight to overweight and moves price target to $52.00.
Marsh & McLennan
downgraded at Morgan Stanley from equalweight to underweight and lowers 2008 EPS estimates.
upgraded at Thomas Weisel to Overweight from Market Perform based on reduced intensity in competition from Blockbuster. Cites could lead to upside surprise in subscribers. Raised target price to $21.
upgraded at UBS to Buy rating from Neutral. However, price target and FY 2008 EPS estimates lowered to $61 from $69 and $2.20 from $2.40, respectively.
upgraded at Susquehanna to a Positive rating based on accelerated share repurchase program, conservative guidance, and expected EPS reversal in Q4.
upgraded at UBS to Buy rating from Neutral. Price target and FY 2008 EPS estimates hold at $18 and $0.88, respectively.
STOCK COMMENTS / EPS CHANGES
target cut at FBR from $24 to $22 to reflect increased operation hurdles should a recessionary environment emerge. Maintained Market Perform rating.
Las Vegas Sands
target raised at Deutsche Bank from $114 to $130 due to higher 2008 EBITDA forecasts. Maintained Buy rating.
2008 estimates cut at Bernstein by 4 cents to $1.18 a share due to delayed closing of Liberty/DirecTV swap. Maintained Outperform rating.
target price reduced at FBR from $46 to $38 to reflect lower target multiple. Maintained Outperform rating.