Monday's Analysts' Upgrades and Downgrades

Sonic Automotive (SAH Quote) downgraded at Bear: SAH was downgraded from Outperform to Peer Perform at Sonic Automotive. Stock is up 13% on the year, on top of 30% in 2006. Dwindling inventory of foreign cars could hamper near-term earnings, and used car sales are slowing. $33 price target.

Smithfield Foods (SFD Quote) upgraded at Wachovia: SFD was upgraded to Outperform at Wachovia. Company should realize earnings upside from recent acquisitions. Expect the upcoming CAGNY conference to be the next major catalyst.

St. Jude (STJ Quote) upgraded at Bear: STJ was upgraded to Outperform at Bear Stearns. Company showed at its analyst meeting how it can take advantage of an improving ICD market. Growing sales force should be able to take market share. Estimates also raised for 2008 and 2009. $50 price target.

STOCK COMMENTS / EPS CHANGES

Apria Healthcare (AHG Quote) numbers raised at Jefferies: AHG numbers raised at Jefferies. Price target bumps up to $25 from $22 and 2007 EPS estimates rise to $1.82 from $1.79. Reiterates Hold rating.

BorgWarner (BWA Quote) numbers raised at UBS: BWA numbers raised at UBS. Price target upped to $77 from $62. FY 2007 EPS estimates rise to $4.70 from $4.55. Reiterates Neutral rating.

DRS Technology (DRS Quote) numbers raised at Jefferies: DRS numbers raised at Jefferies. Price target lifts to $54 from $50 and 2007 EPS estimates rise to $3.05 from $2.90. Reiterates Hold rating.

Corning (GLW Quote) price target raised at Goldman: Goldman is upping its target on GLW to $26 from $23 based on expected impact on 2008 earnings expectations. Believe company can earn $1.55 in 2008 versus street expectations for $1.47. Maintained Neutral rating.

Mastercard (MA Quote) estimates raised at Goldman: Goldman is increasing its 2007 estimates on MA to $4.20 from $3.83 following Q1 results announcement. Friday's price decline shows vulnerability to high multiple despite continued strong cost execution. Price target raised to $85 from $76 and reiterated Sell rating.