CHANGE IN RATINGS

Estee Lauder ( EL) upgraded at Credit Suisse to Outperform from Neutral based on valuation. Maintained $53 target price.

Herman Miller ( MLHR - Get Report) upgraded at Goldman to Buy from Neutral due to valuation. Shares currently trade at 16 times estimate vs. rest of peer group at 17.5. Believe company will accelerate share buybacks and increase its financial leverage. Upgrade provided as part of pair trade (Sell SCS).

Steelcase ( SCS - Get Report) downgraded at Goldman Sachs to Sell from Neutral due to valuation. Shares trading at 21 times estimates vs. 17.5 times for peer group. Downgrade provided as part of pair trade (upgraded MLHR to Buy).

STOCK COMMENTS / EPS CHANGES

Andrew Corp ( ANDW) target price raised at Credit Suisse to $14 from $11 following solid quarter and positive guidnace. Maintained Neutral rating.

Cbeyond ( CBEY) numbers raised at Jefferies. Price target lifts to $38 from $35 and 2007 EPS estimates rise to $0.42 from $0.34. Reiterates Hold rating.

Chesapeake Energy ( CHK - Get Report) numbers raised at UBS. Price target lifts to $46 from $43 and 2007 EPS estimates rise to $7.40 from $7.20. Reiterates Buy rating.

Global Santa Fe ( GSF) numbers raised at Jefferies. Price target lifts to $76 from $68 and 2007 EPS estimates rise to $7.19 from $7.14. Reiterates Buy rating.

Credit Suisse is lowering its 2007 EPS estimates on Liz Claiborne ( LIZ) to $2.00 from $3.15 following disappointing quarterly results. Lowered target price to $37 from $47.