CHANGE IN RATINGS
downgraded at Goldman to Neutral from Buy based on valuation. Shares now 5% below $49 price target. Do not anticipate a significant near-term catalyst for shares. Price target unchanged.
( DJ) downgraded at UBS to Reduce rating from Neutral. 2008 EPS estimates hold at $1.65, but price target rises to $48 from $38.
Vasco Data Security
downgraded at Jefferies to Hold rating from Buy. Price target drops to $22 from $27 and 2008 EPS estimates dip to $0.62 from $0.63.
STOCK COMMENTS / EPS CHANGES
Advance Auto Parts
2007 estimates lowered at Credit Suisse to $2.38 from $2.44 due to sluggish sales and delayed effects of cost cuts. Maintained $45 target and Outperform rating.
estimates cut at CSFB by 16 cents a share. The company said it will have to take a $99 million pretax charge for an arbitration decision. Outperform rating and $117 price target.
( HS) numbers lowered at Jefferies. Price target drops to $17 from $20 and 2008 EPS estimates dip to $1.30 from $1.70. Reiterates Hold rating.
2007 estimates raised at Credit Suisse by 1 cent a share. The company won the Army/Air Force Joint Aircraft (JCA) initial 5-year contract worth $2.04 billion. Neutral rating and $99 price target.
estimates cut at Credit Suisse by 10 cents a share. The company reported unfavorable development of prior years' loss revenues in each of the last four months and cut their stock repurchase plan in May. Outperform rating and $25.50 price target.
numbers raised to $42 a share at Credit Suisse. Estimates also upped, as surging equipment backlogs should lead to higher margins. Stock should no longer lag its peers. Overweight rating.