CHANGE IN RATINGS

Avis Budget ( CAR) initiated at Goldman Sachs: Goldman is initiating coverage on CAR with a Buy rating and $27 target. Company positioned to take advantage of structural changes in car rental industry , with stronger pricing in 2007/2008, and moderating fleet costs in 2008.

Camden Property Trust ( CPT) upgraded at Morgan Stanley: Morgan Stanley upgrades Camden Property Trust from equalweight to overweight with an $84 price target.

Digital Insight ( DGIN) downgraded at AG Edwards: AG Edwards downgrades Digital Insight to sell, as it believes a higher bid seems unlikely at this point.

Endo ( ENDO) upgraded at Jefferies: ENDO upgraded to Buy rating from Hold at Jefferies. Price target lifts to $35 from $33. 2007 EPS estimates upped to $1.73 from $1.65.

Group 1 Auto ( GPI) upgraded at Wachovia: GPI was upgraded to Outperform at Wachovia. 2007 earnings guidance will likely prove conservative, as the company should be able to manage sales and inventory during a difficult environment.

Gap Stores ( GPS) downgraded at AG Edwards: AG Edwards downgrades Gap Stores to sell from hold and believes the stock has downside to $15 if the stock trades on fundamentals.

Garmin ( GRMN) downgraded at Merrill: GRMN was downgraded from Buy to Neutral at Merrill Lynch. Estimates also cut through 2008, as the company will face increased competition at the retail level over time.

Lazard ( LAZ) upgraded at Goldman Sachs: Goldman is upgrading LAZ to Buy from Neutral, based on valuation and position to capitalize on robust global M&A trends. Main catalyst is company converting large backlog into revenues over next 12 months. Price target at $58.

NCR ( NCR) upgraded at Baird: NCR was upgraded from Neutral to Outperform at Robert Baird. $52 price target. Teradata spin-off creates a compelling value opportunity.

Sprint Nextel ( S) downgraded at Credit Suisse: Credit Suisse is downgrading S to Neutral from Outperform following pre-announcement of lower subscriber growth. Sees continued pressure in 2007. Lowered target price to $20 from $23.

Sprint Nextel downgraded at CIBC: Rating on S was lowered from Outperform to Sector Perform at CIBC. Company will have to spend even more to improve its marketing and network quality. Stock also trades at a premium to T.

Sprint Nextel downgraded at Deutsche: Rating on S was cut from Hold to Sell at Deutsche Bank. $14 price target. Estimates also cut, to reflect the company's new disappointing 2007 outlook. $14 price target.

Sprint Nextel price target lowered at Goldman: Target on S decreased to $20 from $22 at Goldman. Company announced inline Q4 metrics but provided disappointing 2007 guidance. See weak 2007 margins driven by dilution from mix shift and incremental investments. Valuation remains attractive. Maintained Buy rating.

Tidewater ( TDW) upgraded at UBS: TDW upgraded to Neutral rating from Reduce at UBS. However, price target is lowered to $52 from $56. Maintains 2007 EPS estimates at $5.56.

Tween Brands ( TWB) downgraded at Friedman, Billings: TWB was downgraded to Market Perform at Friedman, Billings Ramsey. Company warned of lower sales and earnings this quarter. Stock also removed from the Top Picks list. $41 price target.

Wet Seal ( WTSLA) rated new Outperform at Credit Suisse: Credit Suisse is initiating WTSLA with an Outperform rating. Cites new management team and repositioned retail concepts provides attractive opportunity. Sets $9 target price.

STOCK COMMENTS / EPS CHANGES

Borders ( BGP) estimates slashed at Goldman: Goldman is cutting its 2008 estimates on BGP to $0.74 from $1.00 after company preannounced disappointing Q4 results, driven by soft domestic sales, higher promotional activity, and higher costs associated with writedowns. See likely restructuring ahead. Maintained Neutral rating. Price target down to $23 from $24.

Boston Scientific ( BSX) price target raised at UBS: BSX price target raised at UBS. Price objective upped to $18.50 from $17. Reiterates Neutral rating.

General Electric ( GE) target price raised at Credit Suisse: Credit Suisse is raising its price target on GE to $41 from $39 following Vetco acquisition. Maintained Outperform rating.

Time Warner ( TWX) target boosted at Merrill: TWX target raised to $27 a share at Merrill Lynch. Stock is likely in early stages of a multi-year rally. Cable business should continue to garner a higher multiple. Buy rating.

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