Red Hat: Analysts' Upgrades, Downgrades

NEW YORK (TheStreet) -- CHANGE IN RATINGS

Adobe Systems (ADBE Quote) upgraded at Goldman to Buy. $42 price target. Stock looks attractive ahead of a new product cycle. Omniture purchase should also add to earnings.

Abercrombie & Fitch (ANF Quote) upgraded at Credit Suisse to Outperform from Neutral on international growth. Price target raised to $49 from $30. 2010 and 2011 EPS estimates set at $1.30 and $2.17, respectively.

Abercrombie & Fitch (ANF Quote) upgraded at Goldman from Neutral to Buy. Stock also added to the Conviction List, as the company has several growth catalysts. $45 price target.

Salesforce.com (CRM Quote) upgraded at Goldman from Sell to Neutral. Estimates also raised, as the company is seeing a better selling environment.

Energizer (ENR Quote) upgraded at Morgan Stanley from Equal-weight to Overweight. $74 price target. Estimates also raised, to reflect higher expected earnings and an improved earnings multiple.

Energizer (ENR Quote) numbers cut at UBS. Shares now seen reaching $61. Estimates also reduced. Competition remains high, and will require more marketing spending. Neutral rating.

EOG Resources (EOG Quote) downgraded at Goldman from Buy to Neutral. Valuation call, as the stock is up 43% since April.

EOG Resources (EOG Quote) target raised at FBR. Shares now seen reaching $90. Company is guiding toward higher 2010 production growth. Market Perform rating.

Gap (GPS Quote) downgraded at Barclays to Equal Weight from Overweight on sluggish 2010. Price target cut by a dollar to $25. 2009 and 2010 EPS estimates set at $1.53 and $1.65, respectively.