CHANGE IN RATINGS

Burger King

rated new Hold at Citigroup: Coverage of BKC was started with a Hold rating, Citigroup said. $18.50 price target. Company can grow faster than its peers, but also has more debt and the turnaround is still in its early stages.

Burger King

rated new Overweight at JP Morgan: BKC was initiated with an Overweight rating, JP Morgan said. New management team should get the company back on the right track. 15% annual earnings growth is expected.

Burger King

coverage initiated at Morgan Stanley: Morgan Stanley said it is initiating coverage on BKC with an Overweight rating. Target is $20.

Frontier Oil

upgraded at Friedman, Billings: FTO was upgraded from Market Perform to Outperform, Friedman, Billings Ramsey said. Stock has pulled back 15% since April, and the company will be able to fund its $100 million buyback program with internal cash flow.

Kerr-McGee

downgraded at UBS: UBS downgraded KMG to Neutral from Buy, due to constrained upside potential. Price target was lowered to $70.50 from $72.50. 2006 estimates are $11.45.

LAM Research

upgraded at UBS: UBS said it is upgrading LRCX to Buy from Neutral due to increased orders from Micron, increased visibility. Price target raised to $60 from $50.

Las Vegas Sands

price target raised at UBS: UBS raised its price target on LVS to $77 from $76. This is due to premium props seeing strong demand. Estimate for 2006 is $1.34 and a Neutral rating is maintained.

Palm

upgraded at RBC: RBC said it is increasing its rating on PALM to Outperform. Firm expects guidance for August to come in ahead of the consensus.

EW Scripps

downgraded at JP Morgan: SSP was downgraded from Overweight to Neutral, JP Morgan said. Cable network advertising growth could slow, as customers continue to move toward non-traditional media.

Take-Two Interactive

downgraded at CIBC: TTWO was downgraded from Outperform to Sector Perform, CIBC said. Company facing increased legal challenges, and management still struggles to unleash the value of business.

Weyerhaeuser

upgraded at UBS: UBS raised its rating on WY to Buy from Neutral as the stock's decline has increased potential upside. UBS maintains a $73 price target and 2006 estimate of $3.90.

STOCK COMMENTS / EPS CHANGES

BB&T

estimates cut at Morgan Stanley: Morgan Stanley said it is lowering its estimates on BBT for the full year to $3.20 a share from $3.23 a share. Target is $40. Maintained Underweight rating.

Boston Scientific

price target lowered at Jefferies: Jefferies said it is lowering its target on BSX to $25 from $34 due to product recall. Reiterated Buy rating based on intact fundamentals.

General Motors

estimates raised at UBS: UBS raised GM's earnings estimates to $1 from $0.75 due to the higher than expected level of buyouts. UBS maintains an $18 price target.

General Motors

estimates raised at Prudential: Prudential said it is raising its 2007 estimates on GM by 37 cents to $4.23 a share due to better than expected attrition plan results. Maintained Overweight rating.

Hormel Foods

target price raised at CSFB: CSFB said it is raising its target price on HRL to $38 from $37 following positive meeting with management. Maintained Outperform rating.

Healthways

price target raised at Jefferies: Jefferies said it is raising its price target on HWAY to $56 from $50 after the company posted Q3 results that beat expectations and raised 2006 guidance. Reiterated Buy rating.

Johnson & Johnson

estimates cut at Prudential: Prudential said it is cutting its 2007 estimates on JNJ by 23 cents to $3.71 a share due to acquisition of Pfizer's consumer health business.

Lennar

outlook reduced at Morgan Stanley: Morgan Stanley said it is lowering its estimates on LEN for the full year ending March 2006 to $7.97 a share from $8.36 a share. Management lowered guidance. Maintained Equalweight rating.

Net 1 UEPS Tech

price target lowered at Jefferies: Jefferies said it is lowering its target price on UEPS to $34 from $39 due to foreign exchange effects. See opportunity for growth due to UEPS platform implementation in Nigeria. Reiterated buy rating.