Ternium ( TX) downgraded at UBS: TX Ternium downgraded to Neutral rating from Buy at UBS. Price target lowered to $26 from $30 on risk from Venezuela. Texas Instruments ( TXN) estimates cut at Goldman: Goldman is lowering its 2007 estimates on TXN to $1.45 from $1.70 after company reported weak Q4 numbers. Company noted broad-based softness, led by wireless (down 10% qoq) as well as weak bookings. Maintained Neutral rating and $26 target. Texas Instruments ( TXN) upgraded at Merrill: TXN was upgraded from Neutral to Buy at Merrill Lynch. $33 price target. Business is finding a bottom, and the recent weakness creates a buying opportunity. Texas Instruments ( TXN) estimates cut at Prudential: Prudential is cutting its 2007 estimates on TXN by 27 cents to $1.86 a share due to low visbilit7 and weak book to bill. Under Armour ( UA) upgraded at Credit Suisse: Credit Suisse is upgrading UA to Outperform from Neutral. Believes company is emerging as one of the premier global athletic brands. Raises target price to $65 from $47. Unisys ( UIS) downgraded at Goldman Sachs: UIS downgraded to Sell from Neutral at Goldman. See poor hardware growth prospects for 2007, evident in recent IBM results. 2008 earnings reduced to $0.20 from $0.38 Urban Outfitters ( URBN) upgraded at FBR: FBR upgrades Urban Outfitters to outperform, as it believes business is moving in the right direction.
Compass Bancshares ( CBSS) estimates cut at Credit Suisse: Credit Suisse is lowering its 2007 EPS estimates on CBSS by 10 cents to $3.75 following weaker than expected Q4 results. Maintained Neutral rating. Coldwater Creek ( CWTR) price target slashed at Goldman: Goldman is cutting its target on CWTR to $23 from $30 following management's 40% lower earnings guidance for Q4. High inventories due to increased direct sourcing are increasing company's risk profile. 2007 estimates lowered to $0.58 from $0.69. Maintained Neutral rating. Expedia ( EXPE) price target raised at Goldman: Target on EXPE upped to $20 from $18 at Goldman. Company announced finalized results of its cash tender offer, stating that it purchased 30 million shares at $22. Remain concerned over decelerating topline growth and margin contraction trends. Maintained Neutral rating. MasterCard ( MA) target raised at Prudential: Prudential is raising its target price on MA to $130 due to higher long-term growth rate projection. Maintained Overweight rating.