CHANGE IN RATINGS

Ametek downgraded at Merrill: Merrill said it is lowering its rating on AME to Neutral from Buy. Shares have largely met its $45 target price.

BellSouth upgraded at UBS: UBS said it is upgrading BLS to Buy from Neutral. Believes BLS is the preferred way to participate in AT&T's upside potential. Raised target price to $44.

Celanese rated new Outperform at CSFB: CSFB said it is initiating coverage on CE with an Outperform rating after positive 4Q results. Sets $28 target price.

Chipotle Mexican Grill coverage initiated at Merrill: Merrill said it is initiating coverage on CMG with a Neutral rating. EPS growth should offset moderating same store sales growth in 2006.

Chipotle Mexican Grill coverage initiated at Morgan Stanley: Morgan Stanley said it is initiating coverage on CMG with an Equalweight rating. Powerful growth story but valuation is inflated.

Conseco upgraded at Goldman: Goldman said it is increasing its rating on CNO to Outperform from Inline. See's 15% to 20% upside potential with delineated catalysts to boost shares.

Darden coverage initiated at Merrill: Merrill said it is initiating coverage on DRI with a Neutral rating. See's limited potential for significant upward earnings revisions.

Syneron Medical upgraded at CIBC: CIBC said it is upgrading ELOS to Sector Outperform after positive feedback from American Academy of Dermatology (ADD) conference. Sets $40 target price.

Ensco upgraded at JP Morgan: ESV was upgraded from Neutral to Overweight, JP Morgan said. Jackup rates could move even higher in the near term, and the stock continues to trade at a discount to its peers.

Nike downgraded at Susquehanna: Susquehanna said it is downgrading NKE to Neutral. Believes international prospects in 3Q will likely be weaker than expected.

Penn National Gaming upgraded at JP Morgan: JP Morgan said it was upgrading PENN from Neutral to Overweight and raising FY 2007 EPS estimates from $1.95 to $2.30 citing the IL Gaming Board's favorable ruling and risk-reward scenario.

Penn National Gaming upgraded at Merrill: Merrill said it is increasing its rating on PENN to Buy with a $42 target price. Illinois Gaming Commission is reversing an earlier decision.

Sirius Satellite upgraded at Banc of America: SIRI was upgraded from Sell to Neutral, Banc of America said. $5 price target. Latest conference call eased concerns of subscriber churn and capital spending in 2006.

Texas Instruments upgraded at CIBC: CIBC said it was upgrading TXN from Sector Performer to Sector Outperformer on emerging multi-pronged momentum. Maintained $40 target.

STOCK COMMENTS / EPS CHANGES

America Movil target raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on AMX for 2006 to $2.06 a share from $1.75 a share. Target raised to $42 a share. Based on higher ARPU in the next few years.

Cubist Pharma. target raised at Merrill Lynch: Merrill said it is increasing its target price on CBST to $33 a share from $30 a share. FDA Panel positive on Cubicin.

Charles River Labs estimates raised at Goldman: Goldman said it is increasing its estimates on CRL for the full year to $2.38 a share from $2.37 a share to reflect both Q1 currency impact and long term tox capacity growth. Maintained Outperform rating.

Cablevision estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates no CVC for the full year to 6-cents a share from a loss of 18-cents a share. The board paves the way for the $3 billion special dividend. Maintained Inline rating.

Education Management target price raised at UBS: UBS said it is raising its target price on EDMC to $43 from $34 after company announced plans to sell to private equity firms.

Entergy estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on ETR for the full year to $4.84 a share from $4.79 a share. Optimistic on hurricane cost recovery and nuclear upside. Maintained Outperform rating.

Global Signal outlook cut at Morgan Stanley: Morgan Stanley said it is lowering its estimates on GSL for the full year to a loss of 91-cents a share from a loss of 79 cents a share. Maintained Overweight rating.

Kohl's estimates raised at Piper: Piper said it is raising its 2007 estimates on KSS by 5 cents to $2.85 a share due to sale of credit card operations. Maintained Outperform rating.

Kohl's outlook raised at UBS: UBS said it is raising its 2007 EPS estimates on KSS by 10 cents to $2.90 after credit sale. Raised target price to $53 from $50.

Kohl's estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on KSS for the full year to $2.55 a share from $2.48 a share. Maintained Equalweight rating.

US Airways added to Focus List at JP Morgan: LCC was added to the Focus List, JP Morgan said. Stock replacing FRNT, as the company is better leveraged to lower fuel costs. Overweight rating.

Microchip Technology estimates raised at Piper: Piper said it is raising its 2006 estimates on MCHP by 4 cents to $1.50 a share after the company raised guidance. Maintained Outperform rating.

Microchip Technology outlook raised at UBS: UBS said it is raising its 2007 EPS estimates on MCHP by a penny to $1.51 after positive 4Q 2006 guidance. Raised target price to $38 from $36.

Merrill Lynch estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on MER for the full year to $6.81 a share from $6.47 a share. Maintained Overweight rating.

PG&E target, estimates raised at Jefferies: Jefferies said it was raising FY 2007 EPS estimates on PCG by a nickel to $2.70 and the target by $0.50 to $39.50 following the company's investor meeting. Maintained Hold rating.

Texas Instruments estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on TXN by a penny to $1.50 following the company's mid-quarter update. Maintained Buy rating and $38 target.

Texas Instruments estimates raised at UBS: UBS said it is raising its 2007 EPS estimates on TXN by 2 cents to $1.86 after positive Mid-quarter update on wireless and analog demand. Maintained Buy rating.

Texas Instruments estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on TXN for 2006 to $1.64 a share from $1.60 a share. Maintained Equalweight rating.