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