Wednesday's Analysts' Upgrades and Downgrades

Who made what calls.
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CHANGE IN RATINGS

Deere

(DE) - Get Report

upgraded at Wachovia: Wachovia is upgrading DE to Outperform from Neutral. Cites earnings growth potential and strong balance sheet as catalysts. Raised target price range to $118 to $121.

Smurfit-Stone

(SSCC)

downgraded at Credit Suisse: Credit Suisse is downgrading SSCC to Neutral from Outperform. Believes containerboard market is approaching peak pricing levels. Lowered target price to $12.

STOCK COMMENTS / EPS CHANGES

Brocade

(BRCD)

numbers raised at Goldman Sachs: Goldman Sachs raises numbers for BRCD. Estimates for FY 2006 lift to $0.48 from $0.41 and FY 2007 goes to $0.52 from $0.45. Price target jumps to $9.25 from $7.00. Maintains Neutral rating.

Dell

(DELL) - Get Report

numbers raised at Goldman Sachs: Goldman raises EPS estimates and price target for DELL. FY 2006 number rise to $1.18 from $1.12 and FY 2007 goes to $1.37 from $1.30. Increases target price to $29.00 from $26.50. Maintains Neutral rating.

Dell

(DELL) - Get Report

target price raised at Credit Suisse: Credit Suisse is raising its target price on DELL to $25 from $18 following better than expected 3Q results. Maintained Neutral rating.

Euronet

(EEFT) - Get Report

estimates cut at Piper: Piper is cutting its 2007 estimates on EEFT by 9 cents to $1.19 a share due to higher D&A, interest, and operating expenses due to acquisition of RIA Envia.

Advanced Medical Optics

(EYE) - Get Report

numbers lowered at Goldman Sachs: Goldman is lowering earnings estimates and price target due to EYE's voluntary recall of its contact lens solution. EYE fy 2006 estimate drops to $1.34 from $1.88 and 2007 estimate drops to $1.85 from $2.27. Price target reduced to $37 from $42. Maintains Neutral rating.

J Crew

(JCG)

estimates raised at Goldman Sachs: Goldman Sachs ups numbers on JCG. EPS estimates for FY 2006 goes to $0.99 from $0.89 and FY 2007 goes to $1.20 from $1.08. Price target lifts to $38 from $31. Maintains Neutral rating.

J Crew

(JCG)

estimates raised at Credit Suisse: Credit Suisse is raising its 2007 EPS estimates on JCG to 99 cents from 89 cents following strong 3Q results and positive guidance. Maintained Outperform rating.

Phillips Van Heusen

(PVH) - Get Report

target raised at Piper: Piper is raising its target price on PVH by $3 to $55 based on higher estimates driven by improving market conditions and margin expansion. Maintained Outperform rating.

Goldman Sachs raises estimates for

Phillips-Van Heusen

(PVH) - Get Report

: Goldman ups PVH estimates and price target. FY 2006 EPS estimates rise to $2.59 from $2.54 and 2007 goes to $3.05 from $2.95. Maintains Neutral rating.

STRATEGY CALLS / MARKET CALLS

SAI

(SAI)

initiated at Jefferies: Jefferies initiates SAI with a Hold rating and $20 price target.