CHANGE IN RATINGS

Morgan Stanley downgrades Advanced Micro ( AMD) from equalweight to underweight after the company lowered guidance last night.

Intuit ( INTU) upgraded to Buy from Neutral. Price target jumps to $35 from $27. Maintains 2007 EPS estimates at $1.23.

Prudential said it is cutting its 2007 estimates on SAP ( SAP) by 3 cents to $2.18 a share following fourth-quarter license miss.

Goldman said it is downgrading SAP to Neutral from Buy after company preannounced Q4 license revenues below expectations. Goldman sees the U.S. business growing more slowly, making premium valuation less justified. Price target lowered to $50 from $62.

STOCK COMMENTS/EPS CHANGES

Prudential said it is cutting its 2006 estimates on AMD by 12 cents to 94 cents a share due to negative ASP surprise. Target cut to $17.

2006 estimates on AMD trimmed by Goldman to $0.89 from $1.05 following negative preannouncement. Operating income expected to be positive but down significantly vs. Q3. Margins hurt by lower CPU ASPs. Maintained Sell rating and $16 target. Infosys ( INFY) numbers raised at Jefferies. Price target jumps to $67 from $57. 2007 EPS estimates upped to $1.45 from $1.43. Reiterates Buy rating.

Goldman said it is upping its 2007 estimates by 4 cents to $1.44 following strong December quarter results. Crisp execution tempered by valuation of shares. Maintained Neutral rating.

Credit Suisse said it is increasing its target price on Interpublic Group ( IPG) to $16 from $13. Says company is top pick for 2007. Maintained Outperform rating.

Level 3 ( LVLT) price target raised at Jefferies. Price targets lifts to $8.50 from $7.00. Reiterates Buy rating. Murphy Oil ( MUR) numbers lowered at UBS. Price target dips to $45 from $46. 2007 EPS estimates drop to $6.26 from $6.43. Reiterates Reduce rating.

Oracle ( ORCL) numbers lowered at Jefferies. Price target dips to $20 from $22. 2007 EPS estimates lowered to $0.97 from $0.99. Reiterates Buy rating.

Goldman said it is trimming estimates on SLM ( SLM) by 4 cents to $3.34 based on potential Democratic proposals to cut rates on subsidized student loans. See fears as having been exaggerated. Maintained Buy rating and $55 target.

Prudential said it is raising its 2007 estimates on T. Rowe Price ( TROW) by a nickel to $2.30 a share due to an increase in asset values and strong flows into the industry. Maintained Neutral Weight rating.

More from Stocks

Tesla CEO Elon Musk Is a Rock Star: Kiss Icon Gene Simmons

Tesla CEO Elon Musk Is a Rock Star: Kiss Icon Gene Simmons

The Best Investment Advice? Stay Diversified

The Best Investment Advice? Stay Diversified

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly

Attention 60 Minutes: Google Isn't the Only Big-Tech Monopoly

Listen: Should You Buy Cisco Now?

Listen: Should You Buy Cisco Now?

Amazon Could Devastate Walgreens and Rite Aid by Getting Into Pharmacy Business

Amazon Could Devastate Walgreens and Rite Aid by Getting Into Pharmacy Business