OmniVision target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 and 2007 EPS estimates on OVTI from $1.46 and $1.34 to $1.56 and $1.45 respectively and raising the target by $3 to $23 on yesterday's earnings call. Maintained Hold rating. OmniVision upgraded at CIBC: CIBC said it is upgrading OVTI to Sector Outperform after superb F3Q 2006 results. Sets $32 target price. Progressive downgraded at Merrill Lynch: Merrill Lynch said that it is downgrading PGR to Sell. Believes limited top line growth and likelihood of margin deterioration will make EPS growth a challenge. PNM Resources downgraded at Wachovia: Wachovia said that it is downgrading PNM to Market Perform. Believes shares are fairly valued in the mid-20's range. RSA Security upgraded at Baird: Baird said it was upgrading RSAS from Neutral to Outperform and raising the target by $3 to $19 on strong growth prospects. Wachovia downgraded at Morgan Stanley: Morgan Stanley said it is lowering its rating on WB to Equal-weight from Overweight after stock's recent strong performance. Raised price target by $1 to $58.
Alliant Techsystems estimates lowered at Jefferies: Jefferies said it was lowering FY 2006 EPS estimates on ATK from $4.57 to $4.22 on debt refinancing announcement. Maintained $81 target and Buy rating. Genentech outlook lowered at UBS: UBS said it is lowering 2007 EPS estimates on DNA to $2.67 from $2.80. Believes shares should trade inline with average biotech company. Lowered price target to $110 from $115. F5 Networks target price raised at Piper: Piper said it is raising its target price on FFIV to $78 following company visit and higher confidence in March quarter results. Goldman Sachs estimates raised at Prudential: Prudential said it is raising its 2006 estimates on GS by 65 cents to $12.20 a share due to expectations for a strong quarter due to market positioning. Maintained Overweight rating. Liz Claiborne estimates lowered at UBS: UBS said it is lowering 2006 EPS estimates on LIZ to $2.65 from $3.10 to account for unusual items related to restructuring and investments. Maintained Buy rating. Loews estimates, target raised at Goldman: Shares of LTR now expected to reach $114, according to Goldman Sachs. Estimates also boosted, to reflects higher earnings contribution from the CNA and DO holdings. In-Line rating. National Semiconductor estimates raised at UBS: UBS said it is raising 2006 EPS estimates on NSM by 2 cents to $1.22. Sees strong orders ahead. Maintained Buy rating. Oregon Steel target, estimates raised at Jefferies: Jefferies said it was raising FY 2007 EPS estimates on OS from $4.75 to $5 and raising the target by $3 to $50 on Q4 results. Maintained Buy rating. Oregon Steel outlook raised at UBS: UBS said it is raising 2006 EPS estimates on OS to $5.15 from $4.55. Sees better plate outlook and margin expansion. Raised target price to $43 from $37. Petsmart target price raised at Piper: Piper said it is raising its target price on PETM to $33 to reflect better than expected Q4 results.
Rowan Cos. estimates raised at Jefferies: Jefferies said it was raising FY 2006 and 2007 EPS estimates on RDC from $3.43 and $4.76 to $3.47 and $5.12 respectively on Q4 results. Maintained Buy rating and $51 target. Scientific Games target raised at Jefferies: Jefferies said it was lowering FY 2006 EPS estimates on SGMS by 20-cents to $1.32 but raising the target by $1.50 to $39.50. Maintained Buy rating. Saks estimates lowered at UBS: UBS said it is lowering 2006 EPS estimates on SKS to 39 cents from 48 cents. Believes execution will be hard to improve. Maintained Reduce rating.