CHANGE IN RATINGS
downgraded at UBS to Sell rating from Neutral. Price target and 2008 EPS estimates hold at $58 and $3.55, respectively.
downgraded at Citigroup from Buy to Hold. Estimates also raised, to reflect the latest drop in the US dollar. $15 price target.
downgraded at Merrill Lynchfrom Buy to Sell. 2008 estimates also cut, to reflect management's new guidance because of component supply constraints.
Dick's Sporting Goods
initiated at UBS with Buy rating. Price target starts at $80 with 2008 EPS estimates at $2.53.
upgraded at Credit Suisse to Outperform from Neutral based on favorable risk/reward balance. Raised target price to $38 from $30.
upgraded at Credit Suisse to Outperform from Neutral based on valuation and overall quality of investment portfolio. Maintained $103 target price.
initiated at Morgan Stanley with an equalweight rating.
initiated at Jefferies with a Buy rating. Price target starts at $49 with 2008 EPS estimates at $1.62.
upgraded at Deutsche Bank from Sell to Hold. $12.50 price target. Company has stabilized its business and improved liquidity.
STOCK COMMENTS / EPS CHANGES
numbers raised at Jefferies. Price target lifts to $166 from $164 and 2008 EPS estimates upped to $6.29 from $6.22. Reiterates Buy rating.
Advanced Micro Devices
target lowered at UBS. Price objective dips to $15 from $16.50. Reiterates Neutral rating.
added to Focus List at JP Morgan. $6 price target. Company is the cheapest name in the group, and will use solid cash flow to buy back stock. Overweight rating.
numbers lowered at Jefferies. Price target slashed to $37 from $47 and 2008 EPS estimate drop to $1.25 from $2.00. Reiterates Hold rating.