Analysts' Upgrades, Downgrades: Visa

Updated from 8:06 a.m. EST

CHANGE IN RATINGS

DST Systems (DST Quote) downgraded at Morgan Stanley to Equal-weight. Stock lacks catalysts and the fundamentals are getting weaker.

Intuit (INTU Quote) rated new Overweight at Barclays. $26 price target. Company is an attractive, defensive play.

Iron Mountain (IRM Quote) downgraded at Merrill to Underperform. $20 price target. See further downside to 2009 results, which could pressure the company's multiple. Recycled paper prices also down 40% year-over-year in November.

Palm (PALM Quote) downgraded at Merrill to Neutral. $2.50 price target. Company warned of lower sales, as competition is heating up in a difficult environment.

TECO Energy (TE Quote) downgraded at Merrill Lynch to Underperform from Buy based on weaker outlook for TECO Coal and pricing. Lowered target to $11 from $14.

Tessera Technologies (TSRA Quote) downgraded at Piper Jaffray to Neutral from Buy due to unfavorable ITC ruling. Price target cut to $16 from $24.

Williams-Sonoma (WSM Quote) upgraded at Merrill Lynch to Buy from Underperform based on valuation, reduced capital spending and improved inventory levels. Raised target to $10 from $8.

STOCK COMMENTS / EPS CHANGES

General Dynamics (GD Quote) numbers cut at Barclays. Shares now seen reaching $68. 2009 estimate also cut to reflect lower business jet production. Overweight rating.

Skyworks (SWKS Quote) numbers cut at Morgan Stanley. Shares now seen reaching $7.50. Estimates also lowered to reflect the company's new guidance. Says company likely seeing large order cancellations. Overweight rating.

Apollo Group (APOL Quote) target raised at Credit Suisse to $88 from $75. Cites optimism that earnings estimates will rise for 2009 and 2010 as high demand for company's programs benefit from the weak economy. Maintained Outperform rating.

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