CHANGE IN RATINGS

Alberto-Culver upgraded at Bear: ACV was upgraded from Peer Perform to Outperform, Bear Stearns said. Latest checks suggest a strong U.S. launch for Nexxus. Company also remains a potential takeover target. $50 price target.

A.G. Edwards upgraded at Wachovia: Wachovia said it is upgrading AGE to Market Perform after sizable underperformance versus its peers. Also sees catalyst upcoming from mini restructuring. Valuation range between $44 and $46.

Alltel downgraded at Morgan Stanley: Morgan Stanley said it is lowering its rating on AT to Equalweight with a $69 target price. Near term overhangs persist. Stock offers only 3.7% upside potential to its $69 target price.

Dick's Sporting Goods upgraded at Deutsche Bank: Deutsche Bank said it was upgrading DKS from Hold to Buy on increased earnings visibility and free cash flow growth following Q4 results. Maintained $45 target.

First Data upgraded at Deutsche Bank: Deutsche Bank said it was upgrading FDC from Hold to Buy and raising the target by $8 to $55 on favorable risk-reward scenario.

Magna International downgraded at JP Morgan: MGA was downgraded from Overweight to Neutral, JP Morgan said. Company to see sales deceleration over the next year or two because of its exposure to the Big 3.

Mosaic downgraded at JP Morgan: MOS was downgraded from Overweight to Neutral, JP Morgan said. Valuation does not reflect risk of global potash pricing. Multi-year cycle appears to be maturing.

Public Storage upgraded at Deutsche Bank: Deutsche Bank said it is upgrading PSA to Buy from Hold. Sees positives from deal with Shugard. Increased target price to $92.

Rite Aid downgraded at JP Morgan: RAD was downgraded from Overweight to Neutral, JP Morgan said. Prescription sales have been soft, and the company has limited near-term earnings visibility.

AT&T upgraded at Morgan Stanley: Morgan Stanley said it is raising its rating on T to Overweight from Equalweight. Target upped to $31 a share from $26 a share.

TRW Auto upgraded at JP Morgan: TRW was upgraded from Neutral to Overweight, JP Morgan said. 2006 earnings estimate of $1.95 a share, already 10% ahead of the consensus, may prove conservative. Company should be able to cut $400 million of expenses this year.

STOCK COMMENTS / EPS CHANGES

Bank of America estimates raised at UBS: UBS said it is raising its 2006 EPS estimates on BAC by 10 cents to $4.35 based on MBNA deal and better credit from less bankruptcies. Maintained Buy rating.

Celgene estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on CELG for the full year to 32-cents a share from 28-cents a share. Maintained Overweight rating.

Cooper Companies estimates cut at Goldman: Goldman said it is lowering its estimates on COO for the full year to $3 a share from $3.26 a share. Maintained Inline rating.

Cooper Companies outlook lowered at UBS: UBS said it is lowering its 2007 EPS estimates on COO to $3.75 from $3.99 after announcement of lower guidance. Lowered target price to $55 from $58.

CVS added to Focus List at CSFB: CSFB said it is adding CVS to its Focus List. Cites solid sales, additional customer wins and robust earnings outlook as catalysts. Sets $35 target price.

Edison Int'l estimates lowered at Jefferies: Jefferies said it was lowering FY 2006 and 2007 EPS estimates on EIX from $3.40 and $3.40 to $3.20 and $3.30 respectively on Q4 results. Maintained Buy rating and $48 target.

KFX estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on KFX from -$0.35 to -$0.13 following an investor update conference call. Maintained Buy rating.

Kroger target raised at Morgan Stanley: Morgan Stanley said it is raising its target price on KR to $21 a share from $20 a share. New dividend, but guidance below consensus.

Pixar estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on PIXR by a penny to $1.54 following Q4 results. Maintained Underperform rating and $59.80 target.

Qualcomm target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 EPS estimates on QCOM from $1.37 to $1.61 and the target by $4 to $54 on raised sales and EPS guidance. Maintained Buy rating.

Qualcomm estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on QCOM for 2006 to $1.34 a share from $1.31 a share. Maintained Equalweight rating.

Qualcomm outlook raised at UBS: UBS said it is raising its 2006 EPS estimates on QCOM by 6 cents to $1.33 after positive guidance. Raised target price to $51 from $49.

Molson Coors estimates cut at Goldman: Goldman said it is lowering its estimates on TAP for 2005 to $4.16 a share from $4.22 a share. Maintained Outperform rating.

Molson Coors estimates raised at CSFB: CSFB said it is raising its 2007 EPS estimates on TAP to $4.54 from $4.45 based on higher volume growth assumptions in Canada. Maintained Outperform rating.

Take Two estimates cut at Piper: Piper said it is cutting its 2007 estimates on TTWO to $85 cents a share to include stock comp expense. Maintained Market Perform rating.

United Rentals outlook raised at UBS: UBS said it is raising its FY 2005 EPS estimates on URI by 6 cents to $1.81 after positive 4Q guidance. Raised target price to $40 from $36.

Weyerhaeuser estimates raised at Morgan Stanley: Morgan Stanley said it is increasing its estimates on WY to $4.07 a share from $3.95 a share. Maintained Overweight rating.