Thursday's Analysts' Upgrades and Downgrades

Who made what calls.

Author:: TSC Staff
Publish date:: Jun 14, 2007 10:33 AM EDT

CHANGE IN RATINGS

Autodesk

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.

Dow Jones

( 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

(VDSI)

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

(AAP) - Get Report

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.

Hartford Financial

(HIG) - Get Report

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.

HealthSpring

( 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.

L-3

(LLL) - Get Report

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.

Progressive

(PGR) - Get Report

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.

Rowan

(RDC)

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.