CHANGE IN RATINGS
downgraded at Deutsche Bank to a Hold rating as stock has hit $25 target price and fundamental trends appear mixed.
coverage initiated at Morgan Stanley with an overweight rating and $44 price target.
downgraded at Goldman Sachs to Neutral from Buy based on deteriorating local ad trends. Impact from slowing housing market and negative trends in the company's major metro markets are having a greater impact than originally anticipated. Price target cut to $67 from $77.
downgraded at UBS to Neutral rating from Buy. FY 2008 EPS estimates lower to $(0.42) from $(0.40) while price target rises to $3.90 from $3.75.
downgraded at UBS to Neutral rating from Buy. However, FY 2008 EPS estimates rise to $(1.61) from $(1.68) and price target lifts to $16 from $15.
coverage initiated at FBR with an Outperform rating and $27 target price. Multiple expansion expected and company could be a takeout candidate.
STOCK COMMENTS / EPS CHANGES
target raised at Goldman to $42 from $38 based on continuing improvements in gold fundamentals and demand trends from investors and central banks. See potential for gold prices to end 2007 above $725/oz. due in part to weakening U.S. dollar.
numbers raised at UBS. Price target lifts to $21 from $20 and 2008 EPS estimates bump up to $1.05 from $1.03. Reiterates Buy rating.
2007 estimates raised at Bernstein by a nickel to $3.13 a share following a strong Q2 performance. Maintained Market Perform rating.
numbers raised at UBS. FY 2008 EPS estimates lift to $3.13 from $3.10 while price target holds at $53. Reiterates Buy rating.
target raised at UBS. Price target lifts to $77 while 2008 EPS estimates dip to $7.10 from $7.50. Reiterates Buy rating.
2008 estimates raised at Deutsche Bank by 18 cents to $1.68 a share due to lower funding costs. Maintained Buy rating.