Friday's Analysts' Upgrades and Downgrades

Lowe's (LOW Quote) upgraded at Bear: LOW was upgraded to Outperform at Bear Stearns. $39 price target. Expect earnings to hit an inflection point in the second half of 2007. $39 price target.

Monsanto (MON Quote) upgraded at Goldman Sachs: Goldman Sachs upgrades MON to Buy from Neutral and adds to Americas Buy list.

Patterson-UTI (PTEN Quote) downgraded at Morgan Stanley: Morgan Stanley downgrades Patterson-UTI to sell, as fundamentals in the US land drilling market return to more normal conditions.

SunTrust (STI Quote) downgraded at FBR: FBR downgrades SunTrust Banks to underperform on valuation, with a price target of $79.

Temple-Inland (TIN Quote) upgraded at Deutsche: TIN was upgraded from Hold to Buy at Deutsche Bank. $55 price target. Assets hold long-term value, ultimately worth as much as $70.

Weyerhaeuser (WY Quote) upgraded at Deutsche Bank: Morgan Stanley upgrades Weyerhaeuser from hold to buy, and raises price target from $55 to $80.

STOCK COMMENTS / EPS CHANGES

Adobe (ADBE Quote) numbers raised at UBS: ADBE numbers raised at UBS. Price target lifts to $50 from $46 and 2008 EPS estimates rise to $1.46 from $1.44. Reiterates Buy rating.

Adobe (ADBE Quote) numbers raised at Jefferies: ADBE numbers raised at Jefferies. Price target lifts to $50 from $45 and 2008 EPS estimates bump up a penny to $1.76. Reiterates Buy rating.

AMD (AMD Quote) numbers raised at Jefferies: AMD numbers raised at Jefferies. Price target lifts to $22 from $19 and 2007 EPS estimates bump up to $1.09 from $0.97. Reiterates Hold rating.