Microsoft: Analysts' Upgrades, Downgrades

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Aecom Technology (ACM Quote) upgraded at Morgan Stanley from Equal-weight to Overweight. $33 price target. Company has strong exposure to stimulus spending.

Aeropostale (ARO Quote) initiated at Credit Suisse on ARO with a Neutral rating and $41 price target. 2010 and 2011 EPS introduced at $3.24 and $3.51, respectively.

Gentex (GNTX Quote) upgraded at Wells to Outperform. Prices and margins should begin to show significant improvement by 2011.

H&R Block (HRB Quote) downgraded at Morgan Stanley from Equal-weight to Underweight. Company is facing secular pressures that could worsen next year.

Hubbell (HUBB Quote) upgraded at Barclays to Overweight from Equal Weight after huge 3Q beat. Price target to $54 from $47. 2009 and 2010 EPS estimates increased to $3.00 from $2.65 and to $3.10 from $2.65, respectively.

Intuit (INTU Quote) initiated at Barclays with an Overweight rating and $37 price target as shares are an attractive cyclical recovery play. 2010 and 2011 EPS estimates introduced at $1.97 and $2.31, respectively.

Pitney Bowes (PBI Quote) downgraded at Goldman from Neutral to Sell. $24 price target. Estimates also lowered, to reflect shrinking margins.

Urban Outfitters (URBN Quote) initiated at Credit Suisse with a Neutral rating and $33 price target. 2010 and 2011 EPS estimates set at $1.17 and $1.42, respectively.

Washington Federal (WFSL Quote) upgraded at Barclays to Overweight from Underweight. Maintain 2009 EPS estimate at $0.49, 2010 raised to $0.68 from $0.33. Price target surged to $21 from $13.

Wausau Paper (WPP Quote) initiated at Merrill/BofA with a Buy rating and $12 price target. A differentiated paper play leveraged to economic recovery, mentioned Merrill/BofA. 2009 and 2010 EPS estimates set at $0.46 and $0.55, respectively.

STOCK COMMENTS / EPS CHANGES

Astoria Financial (AF Quote) numbers raised at FBR. Estimates were increased through 2010. Company is seeing signs of credit improvement. Underperform rating and $10 price target.