Thursday's Analysts' Upgrades and Downgrades - TheStreet

Thursday's Analysts' Upgrades and Downgrades

Who made what calls.
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CHANGE IN RATINGS

Akamai

(AKAM) - Get Report

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

(SUNH)

downgraded at UBS to Neutral rating from Buy. Price target and FY 2008 eps estimates hold at $17 and $0.70.

United States Steel

(X) - Get Report

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

Apple

(AAPL) - Get Report

target raised at Goldman to $165 from $135. Believes major product releases will drive earnings and shares higher. Maintained Buy rating.

Arris Group

(ARRS) - Get Report

target price raised at ThinkEquity from $18 to $20 to reflect a higher revenue multiple following Q2 results. Maintained Accumulate rating.

Boeing

(BA) - Get Report

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.

Baidu

(BIDU) - Get Report

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.

General Dynamics

(GD) - Get Report

2007 estimates raised at Bernstein to $4.93 a share to reflect higher guidance and strong Q2 numbers. Maintained Market Perform rating.

Corning

(GLW) - Get Report

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.

Gamestop

(GME) - Get Report

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

(NOV) - Get Report

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.

Omniture

(OMTR)

target price raised at Deutsche from $22 to $28 following strong Q1 results. Maintained Buy rating.

Qualcomm

(QCOM) - Get Report

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.

Sanmina-SCI

(SANM) - Get Report

target price lowered at Credit Suisse to $3 from $3.50 after Q3 results and guidance were below consensus. Maintained Neutral rating.

SEI Investments

(SEIC) - Get Report

2007 estimates raised at ThinkEquity by a penny to $1.33 a share to reflect strong quarterly results. Maintained Accumulate rating.