Savient Pharma ( SVNT) upgraded at Merrill from Neutral to Buy. $28 price target. Believe that positive Phase III data will lead to FDA approval for Puricase. Symantec ( SYMC) downgraded at Cowen to Neutral from Outperform. Cites slower unit growth and a more competitive landscape. Terra Industries upgraded at Merrill to Buy. Earnings should be driven by higher prices for fertilizer nutrients. Earnings should double in 2008.
Pier 1 Imports ( PIR - Get Report) target price cut at Deutsche Bank from $6 to $4.75 as comps and gross margins are likely to disappoint for years. Maintained Hold rating. Safeway ( SWY) numbers raised at Morgan Stanley. Price target upped to $43 while FY 2008 EPS estimates hold at $2.16. Reiterates Over-weight rating. WellCare Health Plans ( WCG - Get Report) numbers raised at Jefferies. Price target lifts to $66 from $50 and 2009 EPS estimates upped to $5.65 from $5.50. Reiterates Buy rating. Wells Fargo ( WFC) numbers lowered at Morgan Stanley. FY 2008 EPS estimates dip to $2.65 from $2.71 while price target holds at $30. Reiterates Equal-weight rating.