Tuesday's Analysts' Upgrades and Downgrades

Change in Ratings

Credit Suisse said it is upgrading Barrick Gold (ABX Quote) to Neutral from Underperform based on higher gold assumptions. Raised target price to $34 from $30.

Bed Bath & Beyond (BBBY Quote) BBBY downgraded to Neutral rating from Buy at UBS. Price target and 2007 EPS estimates hold at $46 and $2.20, respectively.

Goldman said it is upgrading Brocade (BRCD Quote) to Buy from Neutral based on improved visibility in the wake of McData acquisition and signs that company's expansion beyond core fibre-channel switch business will be next revenue growth driver. 2007 estimates raised 6 cents to $0.49 and price target increased to $11 from $9.25.

Brocade was upgraded from Peer Perform to Outperform, Bear Stearns said. $12 price target. Estimates also raised, after the company posted strong first-quarter results.

CompuCredit (CCRT Quote) was downgraded from Market Perform to Underperform, Wachovia said. Estimates also cut, to reflect higher fee-based charge-offs. Earnings quality is also declining.

Ceridian (CEN Quote) was downgraded from Market Perform to Underperform, Raymond James said. Stock is trading at the high end of its valuation range, on a sum-of-the-parts basis. Prefer ADP at current levels.

Ceradyne (CRDN Quote) was downgraded from Outperform to Market Perform, Wachovia said. Stock is up 28% since September, and margins may well peak in 2007.

Credit Suisse said it is upgrading Citrix Systems (CTXS Quote) to Outperform from Neutral based on improved ASP trends. Raised target price to $41 from $35.