Zacks Bull and Bear of the Day Highlights: URS, Navarre,

Deckers and Coca-Cola FEMSA 
CHICAGO--(BUSINESS WIRE)--October 31, 2006
Zacks Equity Research highlights URS Corporation (NYSE: URS) as
the Bull of the Day and Navarre Corporation (Nasdaq: NAVR) as the Bear
of the Day. In addition, Zacks Equity Research provides analysis on
Deckers (Nasdaq: DECK) and Coca-Cola FEMSA S.A. de C.V. (NYSE: KOF).
Full analysis of all four stocks is available at
http://at.zacks.com/?id=2676. 
Here is a synopsis of all four stocks: 
Bull of the Day: 
Our Bull of the Day recommendation is for URS Corporation (NYSE:
URS). We expect URS to report third-quarter EPS of $0.58, consistent
with the prior-year level, amid strong federal business and growth in
private sector business. We have raised our FY06 & FY07 revenue
forecast on federal to 11% from 9% due to Congress' recent approval of
additional funding for military operations in Iraq and a favorable
budget outlook for O&M spending. Regarding private sector, high oil
prices keep us optimistic on the near and intermediate term picture.
We believe oil companies will continue to reinvest profits back into
refinery upgrades and pipeline projects. On top of these positive
factors, the rise in state and local budgets should lead to sorely
needed infrastructure spending in FY07. We retain our Buy rating on
the stock. 
Bear of the Day: 
Our Bear of the Day recommendation is for Navarre Corporation
(Nasdaq: NAVR). We expect Navarre's second-quarter results (which are
scheduled for October 30) to be similar to its disappointing first
quarter report. We are leaving our estimates unchanged. We maintain
our Sell rating on the stock. Our target price is $3.25, which is 10
times our fiscal 2007 EPS estimate. Our bearish view stems from the
company's low-margin business model, risky growth strategy and
leveraged balance sheet. 
Analyst Blog: 
Simply put, Deckers (Nasdaq: DECK) hit the ball out of the park
with its third quarter earning report. Its third quarter sales were $7
million above our estimate, and its EPS were $0.28/share ahead of our
estimate. To reflect the upside, we increased our 2006 EPS estimate by
$0.31 and our 2007 EPS estimate by $0.21. Moreover, we continue to
believe that DECK is a Buy-rated stock because of its substantial
long-term growth potential and attractive valuation. Its shares trade
at 17 times our 2007 EPS estimate, which is still below our estimate
of the company's long-term earnings growth rate of 20%. We think the
stock has the strength to reach 20 times our 2007 EPS estimate, or
$62, which is our new target price. 
Upgrading KOF to Buy 
We are changing our current recommendation on Coca-Cola FEMSA S.A.
de C.V. (NYSE: KOF) from Hold to Buy. The company posted very positive
figures for third quarter 2006, improving revenues and gross profit in
all its territories, reducing its debt and producing its solid net
income. Additionally, the short-term outlook for Latin American
economic growth is positive, and Coca-Cola FEMSA's valuation is still
attractive compared to other similar companies. 
Get the full analysis of all four stocks by going to
http://at.zacks.com/?id=2649. 
About the Bull and Bear of the Day 
Every day, the analysts at Zacks Equity Research select two stocks
that are likely to outperform (Bull) or underperform (Bear) the
markets over the next 3-6 months. 
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