Change in Ratings

Aflac ( AFL - Get Report) coverage initiated at SunTrust Robinson Humphrey with a buy rating. Sees increased demand in Japan as the government shrinks coverage. Believes the strengthening yen and pre-tax margin increases will boost earnings this year. Price target of $78.00.

Brasil Telecom Participacoes ( BRP) downgraded at JPMorgan to underweight from neutral. Believes stock trading at a premium to TMAR is unjustified. Sees no positive outlook with the Telemar/BRP combination. Price Target reduced to $80.

Anheuser-Busch ( BUD) downgraded at UBS to neutral from buy. Price target raised to $65 from $58. Maintains 2008 EPS estimates of $3.06.

Fifth Third Bancorp ( FITB - Get Report) downgraded at BMO Capital Markets to market perform from outperform at BMO. Believe charge-offs will come in above management's target, based on deteriorating conditions in housing. Also expect dividend cut. Price target lowered to $16 from $25.

Finisar ( FNSR) downgraded at Piper Jaffray to neutral from buy based on integration risk from its Optium acquisition. Cuts target price to $1.75 from $2.

NetSuite ( N) rated new hold at Deutsche Bank. Believes at current levels, risk/reward is balanced. Sets $22 target price.

Online Resources rated new buy at Piper Jaffray. Believes company is poised for solid organic revenue growth and has a favorable competitive position. Sets $14.50 target price.

Rent-A-Center ( RCII - Get Report) coverage initiated at Morgan Keegan with a market perform rating. Note favorable environment for rent-to-own stores based on credit environment, especially for subprime borrowers. Note ongoing legal concerns. Price target at $22.

Time Warner ( TWX) coverage initiated at Stanford Group with a buy rating. Believes new CEO cost cuts initiative improve cash flow. Sees major buybacks and strategic acquisitions if cable unit separates. Price target at $20.00.

WD-40 ( WDFC) downgraded at JPMorgan to underweight from neutral based on rising raw material costs, including fuel and rolled steel. Also noted slower domestic and U.K. retail demand.

Wright Express coverage initiated at Piper Jaffray with a buy rating and $38 target. Note high recurring revenue base of payment processing business and relationships with Citi ( C) and the Dept. of Defense.

Weyerhaeuser ( WY) downgraded at Merrill Lynch to neutral from a buy. Does not see strong enough catalyst to move stock higher. Believes REITs are purer plays to the paper and forest products chain. Lowers price target to $55.00.

Stock Comments/EPS Changes

Darden Restaurants ( DRI) 2008 EPS estimates raised at UBS to $2.75 from $2.73. Maintains buy rating and $39 price target.

Eastman Kodak price target cut at Goldman to $17 from $22 based on lower expectations for 2008 and 2009. See lower profitability in consumer digital business, especially inkjet printers, and higher expenses related to Drupa investment. Maintained neutral rating.

Invitrogen price target lowered at UBS to $45 from $49. Maintains 2008 EPS estimates of $2.45 and neutral rating.

KeyCorp ( KEY) numbers lowered at RBC. Price target lowered to $10 from $15. 2008 EPS estimates lowered to 40 cents from $1.00. Maintains underperform rating.

Qualcomm ( QCOM) numbers raised at Jefferies. 2008 EPS estimates raised to $2.15 from $2.08. Price target raised to $54 from $50. Maintains buy rating.

Steel Dynamics ( STLD) estimates raised at Goldman to $3.55 from $3.40 after management boosted guidance. See higher productivity in flat roll and expect sustainable price strength through 2010. Maintained neutral rating based on valuation.

Symantec ( SYMC) price target raised at Jefferies to $23 from $22. Maintains fiscal 2009 EPS estimates of $1.35 and buy rating.

This article was written by a staff member of Ratings.