Stock Upgrades, Downgrades From TheStreet.com Ratings

Wheel and tire manufacturer Titan International(TWI Quote) has been upgraded to a buy from a hold. The company's products can be found on off-highway vehicles used in agriculture and construction. Revenues shot up 23.9% in the first quarter of 2007 over the year-earlier period. Revenues throughout the industry increased just 5.4% during the same time period. Although this growth did not translate into stronger earnings over the past fiscal year, the stock price made significant gains, rising 62.8% in the past 12 months. With analysts forecasting EPS improvements in the coming year, the stock should continue to move higher. Titan International had been rated a hold since December 2006.

Regional air carrier Republic Airways(RJET Quote) has been upgraded to a buy from a hold. The company has reported a pattern of positive growth in earnings per share over the past year, and TheStreet.com Ratings expects this trend to continue. Revenues increased 12.9% in the most recent quarter compared with the year-earlier period. Investors seem to have picked up on the positive developments, and have pushed the stock price up nearly 52% in the past 12 months. Even so, Republic Airways still trades at a discount to its peers, with a price-to-earnings ratio of 12.2 versus the airline industry average of 30.4. RJET had been rated a hold since September 2006.

Adams Respiratory Therapeutics(ARXT Quote) has been upgraded to a hold from a sell. The pharmaceutical company focuses on over-the-counter and prescription treatments of respiratory disorders. The company's revenues were up 10.6% in the third quarter of fiscal 2007 compared with the year-earlier period. The gross profit margin is currently very high, coming in at 72.2%, and Adams Respiratory has a debt-to-equity ratio of zero. ARXT had been rated a sell since May 2007.

Some recent rating changes are highlighted below.

(Insert chart here.)