CHANGE IN RATINGS
downgraded at Jefferies to Hold rating from Buy. Price target drops to $48 from $55 and FY 2008 eps estimates dip to $1.63 from $1.70.
Akamai Technologies downgraded at Credit Suisse to Neutral from Outperform following inline Q2 results. Sees risks in contract length and leverage. Lowered target price to $45 from $65.
Sun Healthcare Group
downgraded at UBS to Neutral rating from Buy. Price target and FY 2008 eps estimates hold at $17 and $0.70.
United States Steel
upgraded at UBS to Neutral rating from Reduce. Price target bumps to $107 form $105 and FY 2008 holds at $8.00.
STOCK COMMENTS / EPS CHANGES
target raised at Goldman to $165 from $135. Believes major product releases will drive earnings and shares higher. Maintained Buy rating.
target price raised at ThinkEquity from $18 to $20 to reflect a higher revenue multiple following Q2 results. Maintained Accumulate rating.
2007 estimates raised at Goldman to $5.00 from $4.77 after company reported solid Q2 results and improved guidance. Raised target price to $103 from $90 but maintained Neutral rating.
price target increased at Goldman to $185 from $134 after company reported strong quarterly results that included accelerating revenue growth. Note that company missed margin estimates for first time in six quarters. Maintained Neutral rating.
2007 estimates raised at Bernstein to $4.93 a share to reflect higher guidance and strong Q2 numbers. Maintained Market Perform rating.
2007 estimates raised at Bernstein by 3 cents to $1.37 a share to reflect increased operating margin, increased telecom revenue, and improved tax rate. Maintained Outperform rating.
numbers raised at UBS. Price target jumps to $52 from $44 and FY 2008 eps estimates lift to $1.82 from $1.79. Reiterates Buy rating.
National Oilwell Varco
2007 estimates raised at Goldman by 91 cents to $7.22. Sees strong orders for Rig Technology as the company reported solid quarterly results. Raised target price to $134 from $113.
target price raised at Deutsche from $22 to $28 following strong Q1 results. Maintained Buy rating.
2007 estimates raised at Bernstein by 2 cents to $1.99 a share to reflect strong WCDMA market and strong fiscal Q3 results. Maintained Outperform rating.
target price lowered at Credit Suisse to $3 from $3.50 after Q3 results and guidance were below consensus. Maintained Neutral rating.
2007 estimates raised at ThinkEquity by a penny to $1.33 a share to reflect strong quarterly results. Maintained Accumulate rating.