Monday's Analysts' Upgrades and Downgrades

CHANGE IN RATINGS

Amerigroup (AGP Quote) upgraded at Jefferies to Hold rating from Underperform. Price target lifts to $27 from $25, however 2008 eps estimates lowered to $2.20 from $2.26.

BearingPoint (BE Quote) downgraded at Jefferies to Underperform rating from Hold. Price target lowered to $5.50 from $8.00 and 2008 eps estimates hold at $0.35.

Brown-Forman (BFB Quote) upgraded at JP Morgan to Overweight. Jack Daniels will help drive solid market share gains in the spirits business. Pricing should also remain firm, along with a rebound in wine demand.

Cavium Networks (CAVM Quote) initiated at Morgan Stanley with an Equal-weight rating at $22.50 price target.

HR Block (HRB Quote) upgraded at UBS to Buy rating from Neutral. Price target rises to $28 from $24, however 2008 eps estimates lowered to $1.50 from $1.75.

Ingram Micro (IM Quote) upgraded at Citigroup from Hold to Buy. End-market growth is accelerating, which should help drive ROIC growth. $26 price target.

Johnson & Johnson (JNJ Quote) upgraded at Credit Suisse to Neutral from Buy based on valuation. Maintained $61 target price.

NeurogesX (NGSX Quote) initiated at Morgan Stanley with an overweight rating and $12 price target.

Rock-Tenn (RKT Quote) upgraded at Credit Suisse to Neutral from Underperform. Cites after substantial pullback, shares are fairly valued. Maintined $34 target price.

UST (UST Quote) upgraded at UBS to Buy rating from Neutral. Price target and 2008 eps estimates hold at $63 and $3.53, respectively.