W&T Offshore target raised at Jefferies: Jefferies said it was raising the target on WTI by $4 to $42 on early exploration success. Maintained Buy rating.
MSC target, estimates raised at Jefferies: Jefferies said it was raising FY 2006 and 2007 EPS estimates on MSM from $1.94 and $2.28 to $1.97 and $2.35 respectively and target raised by $8 to $56 following announced plans to buy J&L Industrial Supply. Maintained Buy rating. Norfolk Southern outlook raised at JP Morgan: JP Morgan said it is raising its 2007 EPS estimates on NSC by 10 cents to $3.80 citing stronger yields and greater margin expansion. Raised target price to $63 from $52. Petco Animal Supplies estimates lowered at CSFB: CSFB said it is lowering its 2007 EPS estimates on PETC by 2 cents to $1.33. Does not believe valuation deserves a premium to its expected growth rate. Maintained Underperform rating. E.W. Scripps estimates lowered at Goldman: Goldman said it is lowering its 2006 EPS estimates on SSP by 11 cents to $2.03 to account for acquisition. Sees shares breaking out past $55 range in the next 12 months. Maintained Outperform rating. E.W. Scripps estimates lowered at UBS: UBS said it is lowering its 2006 EPS estimates on SSP by 10 cents to $2.10 to account for recent acquisition. Lowered target price to $53 from $54. Wachovia estimates raised at UBS: UBS said it is raising its 2006 EPS estimates on WB by 5 cents to $4.75. Believes stock trades at a discount vs. group. Maintained Buy rating.