Buy - Price 50.29 on April 23 by UBS Target: 68. AMP reported 1Q08 operating [earnings per share] of 89 cents, missing our 93 cents/consensus 97 cents. Lower equity markets and interest rates hurt op-EPS, but [there was a] 16-cent tax benefit. We're lowering our '08 and '09 operating EPS to $4.22 and $5, from $4.45 and $5.09, to reflect 1Q08 results/ assumption changes. Market cap: $11.4 billion.

Market Outperform - Price 3.11 on April 22 by JMP Securities CPSS makes non-prime used-car loans. Its 1Q08 EPS, 11 cents, beat our 8-cent estimate, largely [on] lower provisioning for losses. Net-interest income was...up 18%...[yet] CPSS continues to slow...amid disrupted capital markets. [We're lowering our] EPS estimate from 30 cents for FY08, FY09 to 26 cents...4 target [price] is 66% of 4Q08E book value. Market cap: $70 million.

Moderate Outperform - Price 49.59 on April 23 by First Global Due to strong top- and bottom-line growth expected for calendar '08...we believe LLY deserves to trade at higher multiples. Recent overhang on LLY [due to platelet-inhibitor] Prasugrel...appears overdone. Final approval of Prasugrel will be the key trigger for the stock. Estimated price/earnings for '08: 12.5 times. Market cap: $54.3 billion.

Hold - Price 87.30 on April 22 by Morgan Joseph Year-over-year [order] backlog was 50%-plus on wide-ranging new awards.... [Despite economic headwinds,] JEC maintains a favorable forward outlook, especially in the oil and gas markets, and is rais[ing] full-year guidance by 5 cents a share...Yet we believe JEC shares are appropriately valued. Market cap: $10.8 billion.

Underweight - Price 4.65 on April 22 by Morgan Stanley JBLU reported a 1Q08 loss per share of 4 cents versus our estimated 1-cent loss/First Call's 8 cents. We see JBLU as largely an option on oil prices, with additional risks from the weak economy and competitive threats. Target: 6. Market cap: $854 million.

Outperform - Price 68.56 on April 23 by Raymond James Peabody reported 1Q08 EPS from continuing operations of 26 cents a share, versus our estimate of 15 cents/consensus 18 cents. Results benefited from higher-than-anticipated asset sales, offset by a much higher recorded tax rate. P/E est for 2008: 25.9 times. Target: 80. Market cap: $18.7 billion.

Buy - Price 20 on April 22 by Hilliard Lyons Republic more than doubled Q1 EPS, to 96 cents, versus 39 cents. Net income improved 24% at the bank while Tax Refund Solutions income increased over twofold...TRS [made] 72% of the holding company's $20 million reported NI. Net-interest income rose 62%, on a 10.7% increase in average earning assets...net-interest margin [benefited from recent rate cuts, rising] to 5.47% from 3.73%. Target: 23. Market cap: $408 million.

Buy - Price 23.27 on April 23 by Gilford Securities Qualitative shift in client engagements and outstanding operational execution drove a fifth year of [above] 35% EPS growth. Yet given continued concern over U.S. IT spending (60.6% of revenue), we lower target to 32 from 36. This would [mean] 20 times forward EPS of $1.60-a premium to the current, depressed 16 times. Market cap: $6.9 billion.