Lear ( LEA) upgraded at Merrill from Sell to Neutral. Stock is down 30% from its recent highs, and the recent restructuring efforts are beginning to gain traction. Rockwell Automation ( ROK) downgraded at Merrill from Neutral to Sell. Estimates also cut, as the company will likely see lower demand as the economy continues to slow down. Sonic Automotive ( SAH) upgraded at Merrill from Neutral to Buy. $22 price target. Company continues to focus on luxury autos, and has a strong presence outside of Florida and California. Starbucks ( SBUX) upgraded at BofA to Neutral. $20 price target. Return of Howard Schulz could ultimately lead to a recovery. Western Refining ( WNR) upgraded at Deutsche from Sell to Hold. $28 price target. Stock has lost its premium valuation, though the refining outlook remains difficult.
Tween Brands ( TWB) 2007 estimates raised at FBR by 9 cents to $1.91 a share following announcement of strong December comp. Maintained Outperform rating. Wynn Resorts ( WYNN) numbers lowered at Jefferies. Price target dips to $147 from $152 and FY 2008 eps estimates drop to $3.47 from $3.62. Reiterates Buy rating.