upgraded at Merrill: APPB was upgraded to Buy at Merrill Lynch. Stock also added to the Focus List. $31 price target. Merrill Lynch estimates the company could refranchise 47% of company-owned stores.


( EDO) upgraded to Neutral at Credit Suisse: Credit Suisse is upgrading EDO to Neutral from Underperform. Believes outlook looks healthier as acquisitions should make earnings less volatile. Raised target price to $27.


(ETN) - Get Report

downgraded at Jefferies: Jefferies is downgrading ETN to Hold from Buy due to strong headwinds in coming 9 months. Maintained price target of $75.

FTI Consulting

(FCN) - Get Report

rated new Buy at UBS: UBS is initiating coverage on FCN with a Buy rating. Sees E-discoveries and bankruptcies driving estimates and multiple. Sets $36 target price.


(INTC) - Get Report

downgraded at Goldman Sachs: Goldman is downgrading INTC to Neutral from Buy based on valuation. See expected market share gains and cost reductions priced into shares. Price target at $22.

Legg Mason

(LM) - Get Report

coverage initiated at Goldman Sachs: Goldman is initiating coverage on LM with a Neutral rating. See limited upside for shares due to three EPS misses. Expect 3%-4% organic flow growth with no return to historically robust rates. $86.19 price target.


( PPDI) upgraded at Bear: PPDI was upgraded from Peer Perform to Outperform, Bear Stearns said. Company posted a strong quarter, and the stock should be bought on any weakness. $46 price target.

Resources Connection

(RECN) - Get Report

coverage initiated at Goldman Sachs: RECN coverage initiated at Goldman with a Hold rating. Hybrid temporary staffing/professional services firm should see modest results due to slowing US labor market. Target price at $27.

Resources Connection

(RECN) - Get Report

initiated at Morgan Stanley: Morgan Stanley initiates Resources Connection with an overweight rating and $35 price target.

Werner Ent.

(WERN) - Get Report

downgraded at Wachovia: WERN was downgraded to Underperform, Wachovia said. Stock was up 10%, and then the company its third quarter. WERN not participating in freight rebound, and faces difficult fourth quarter comps.



downgraded at Cowen: YHOO was downgraded from Outperform to Neutral, Cowen said. Company losing market share in display advertising as well as paid search. Potential acquisitions could also weigh on future returns.



( ANDW) price target raised at Jefferies: Price target on ANDW increased to $11 from $9.50, Jefferies said. See favorable cable pricing and focus on cost reduction driving upside. 2006 estimates upped by 2 cents to $0.40. Reiterated Hold rating.



target price raised at UBS: UBS is raising its target price on COH to $43 from $40 based on better expectations for Fall season. Maintained Buy rating.

W.W. Grainger

(GWW) - Get Report

price target raised at Goldman: Goldman is increasing its target on GWW to $71 From $67 after company reported solid Q3 results on healthy MRO demand. Believe premium valuation limits upside for shares. Maintained Neutral rating.


(MAT) - Get Report

estimates raised at Piper: Piper is raising its 2006 estimates on MAT by 12 cents to $1.30 a share to reflect strong September quarter results. Maintained Market Perform rating.


(WB) - Get Report

estimates lowered at Goldman: Goldman is decreasing its 2006 estimates on WB to $4.68 from $4.71 after company reported weak Q3 top line. See stronger Q4 ahead. Maintained Buy rating.