Adobe: Analysts' Upgrades, Downgrades

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Adobe Systems (ADBE Quote) downgraded at Jefferies from Buy to Hold. $37 price target. Company is still looking for ways to sustain growth in the core franchise.

Adobe Systems (ADBE Quote) numbers raised at FBR. Shares seen reaching $33. Estimates also boosted, to reflect strong operating momentum. Market Perform rating.

Aetna (AET Quote) upgraded at Goldman from Sell to Neutral. $28 price target. Company is taking pricing actions which should help stabilize margins.

Amazon.com (AMZN Quote) upgraded at Merrill/BofA to Buy from Neutral as potential eCommerce acceleration is underestimated. 2009 and 2010 EPS estimates set at $2.41 and $2.94, respectively. Price target boosted to $103 from $95.

American Express (AXP Quote) upgraded at Sandler O'Neill from Sell to Hold. $35 price target. Cyclical improvement should outweigh secular headwinds.

General Cable (BGC Quote) downgraded at BB&T from Buy to Hold. Valuation call, based on a $39 price target. Estimates still moving higher, based on more stable copper prices.

BJ's Wholesale (BJ Quote) upgraded at Barclays to Overweight from Equal Weight as the company is well positioned to cycle challenging macro-economic trends. 2009 and 2010 EPS estimates set at $2.55 and $2.80, respectively. $43 price target.

Continental Airlines (CAL Quote) upgraded at Argus from Sell to Buy. $20 price target. Flight demand appears to have bottomed and the company should benefit from lower fuel prices.

Capital One (COF Quote) upgraded at Sandler O'Neill from Sell to Hold. $40 price target. Cyclical tailwinds are likely to offset secular credit headwinds.