Advance Auto Parts Inc. (NYSE: AAP) Cut to Neutral at Credit Suisse.
Aeropostale, Inc. (NYSE: ARO) Raised to Market Perform at FBR Capital.
American Eagle Outfitters, Inc. (NYSE: AEO) Raised to Outperform at FBR Capital.
CF Industries Holdings Inc. (NYSE: CF) Maintained Strong Buy as Value at Zacks.
Comcast Corporation (NASDAQ: CMCSA) added to Focus List at Citigroup.
Comerica Incorporated (NYSE: CMA) Raised to Outperform at Oppenheimer.
Cypress Semiconductor Corporation (NASDAQ: CY) Reiterated Strong Buy as Aggressive Growth at Zacks.
Kinetic Concepts, Inc. (NYSE: KCI) Raised to Outperform as Bull of the Day at Zacks.
Krispy Kreme Doughnuts, Inc. (NYSE: KKD) Maintained Strong Buy as Momentum & Value at Zacks.
Lululemon Athletica Inc. (NASDAQ: LULU) Cut to Underperform at FBR Capital.
Marathon Oil Corporation (NYSE: MRO) Reiterated Buy but raised target to $60 at Argus.
Oracle Corporation (NASDAQ: ORCL) Raised to Buy at ThinkEquity.
Prudential Financial. Inc. (NYSE: PRU) Added to Focus List at Credit Suisse.
RadioShack Corporation (NYSE: RSH) Cut to Neutral at Goldman Sachs.
Semtech Corp. (NASDAQ: SMTC) Reiterated Buy but raised target to $33 at Gleacher & Co.
Sequans Communications SA (NYSE: SQNS) Started as Outperform at Baird; Started as Buy at Needham; Started as Buy at UBS.
Universal Tech Institute (NYSE: UTI) Maintained Underperform as Bear of the Day at Zacks.
Wendy’s/Arby’s Group Inc. (NYSE: WEN) Reiterated Sell at Argus.
Yahoo! Inc. (NASDAQ: YHOO) Maintained Buy with $19 target at BofA/ML.

You are invited to join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Adobe Systems Inc. (NASDAQ: ADBE) Reiterated Buy and Raised target to $40 at BofA/ML.
Altera Corp. (NASDAQ: ALTR) Reiterated Buy and $52 target at Gleacher & Co.
Anheuser-Busch InBev (NYSE: BUD) Raised to Buy at Goldman Sachs.
Ciena Corporation (NASDAQ: CIEN) Reiterated Buy and Raised 12-mo. target to $30 at Argus.
Dover Corporation (NYSE: DOV) Started as Neutral with $70 target at Credit Suisse.
Human Genome Sciences, Inc. (NASDAQ: HGSI) Maintained Outperform and Raised target to $34 at Credit Suisse.
Intuitive Surgical, Inc. (NASDAQ: ISRG) Started as Buy at Collins Stewart (late-yesterday call).
NetApp, Inc. (NASDAQ: NTAP) Cut to Neutral at Susquehanna.
Netflix, Inc. (NASDAQ: NFLX) Reiterated Buy and $275 target at BofA/ML.
Peet’s Coffee & Tea Inc. (NASDAQ: PEET) Cut to Sell at Janney.
Polo Ralph Lauren Corp. (NYSE: RL) named as Bull of the Day at Zacks Investment Research.
Semtech Corporation (NASDAQ: SMTC) Reiterated Buy and raised target to $29 at Gleacher & Co.
Suntech Power Holdings Co. Ltd. (NYSE: STP) Cut to Underweight at HSBC.
United Parcel Service, Inc. (NYSE: UPS) Reiterated Buy and $82 target at Bof/ML.
Williams Companies Inc. (NYSE: WMB) Reiterated Buy and raised target to $36 at Argus.

You can join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Chico’s FAS Inc. (NYSE: CHS) Started as Neutral at Janney Capital Markets (late Monday).
Duke Energy Corporation (NYSE: DUK) Cut to Hold at Citigroup.
Eldorado Gold Corp. (NYSE: EGO) Cut to Sector Perform at National Bank.
Kinross Gold Corp. (NYSE: KGC) Raised To Outperform at National Bank.
National Bank of Greece SA (NYSE: NBG) Cut to Strong Sell at S&P Equity Research.
OpenTable, Inc. (NASDAQ: OPEN) Cut to Hold at Stifel Nicolaus.
OptionsXpress Holdings, Inc. (NASDAQ: OXPS) Cut to Underperform at Macquarie.
Pepco Holdings, Inc. (NYSE: POM) Cut to Market Perform at Wells Fargo.
Semtech Corp. (NASDAQ: SMTC) Reiterated Buy and $22.50 Target at Gleacher.
TradeStation Group Inc. (NASDAQ: TRAD) Raised to Outperform at Macquarie.
Urban Outfitters Inc. (NASDAQ: URBN) Started as Buy at Janney Capital Markets (late Monday).

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Alcatel-Lucent (ALU) Raised to Neutral from Sell at Goldman Sachs.
Amgen (AMGN) Started as Outperform at Wachovia.
HSBC (HBC) Raised to Neutral at JPMorgan.
Infineon Technologies (IFX) Raised to Buy at BofA/Merrill.
Semtech Corp. (SMTC) Raised to Outperform at Oppenheimer.
Walt Disney (DIS) Raised to Overweight at Barclays.
WebMD (WBMD) Raised to Accumulate at ThinkEquity.

JON C. OGG

CMGI Inc. (NASDAQ:CMGI) noted along with its earnings that it had spent $8 million over the last quarter of its $50 million share buyback plan.

American Safety Insurance Holdings Ltd. (NYSE:ASI) has approved a buyback program for up to 500,000 shares of common stock.  This is only about $9.5 million at current prices, and the company’s market cap is $204 million.

Equity Residential (NYSE: EQR) has authorized an additional $500 million to be used in its share repurchase program. Since the beginning of 2007, the company has repurchased and retired 26,694,346 of its common shares at an average price of $44.88 per share for an aggregate purchase of approximately $1.2 billion. Approximately $3.8 million currently remains available under the $500 million program previously announced.

Discover Financial Services (NYSE:DFS) will record a non-cash impairment charge related to its Goldfish MasterCard and Visa credit card business in the United Kingdom in the quarter ending Nov. 30, 2007 estimated as approximated $422 million in goodwill writedowns.  Separately, the company has approved a share repurchase program for up to $1 billion of its common stock through November 30, 2010.

Lifetime Brands, Inc. (Nasdaq: LCUT) will close 30 underperforming outlet stores and its Board of Directors authorized an increase in the amount of its stock repurchase program to $40 million from $20 million.  Its market cap is $164 million.

IBM (NYSE: IBM) announced that it plans to repurchase up to $1 billion of its outstanding common stock in open market transactions by the end of February 2008 rather than its original plans for March and April of 2008, are in addition to a $12.5 billion accelerated share repurchase announced earlier this year.

Camden Property Trust (NYSE:CPT) updated progress made on its stock repurchase program: During November 2007, Camden repurchased 1.6 million common shares at an average price per share of $52.03, for a total of $81.9 million. Year-to-date, Camden has now repurchased 2.9 million shares of common stock at an average price per share of $57.60, for a total of $168.4 million.

Jon C. Ogg
December 3, 2007