Monday's Analysts' Upgrades and Downgrades

CHANGE IN RATINGS

Strategic Hotel (BEE Quote) upgraded at UBS to Buy rating from Neutral. Price target and FY 2008 EPS estimates hold at $23.50 and $1.87, respectively

Diamond Rock (DRH Quote) upgraded at UBS to Buy rating from Neutral. Price target and FY 2008 EPS estimates hold at $22 and $1.83, respectively

Nordstrom (JWN Quote) upgraded at Goldman Sachs to Buy from Neutral based on valuation and above-consensus earnings outlook. See company as best way to play luxury retail in part due to expected strength in same store sales. Believe shares are following a similar pattern as last year before the stock rallied 80%. Price target at $57.

Orient-Express (OEH Quote) upgraded at UBS to Buy rating from Neutral. Price target and FY 2008 EPS estimates hold at $55 and $1.80, respectively.

Principal Financial Group (PFG Quote) upgraded at Credit Suisse to Neutral from Underperform based on valuation. Cites company has underperformed peer group year-to-date. Maintained $61 target price.

STOCK COMMENTS / EPS CHANGES

Albemarle (ALB Quote) numbers lowered at Jefferies. Price target dips to $49 from $50 and 2008 EPS estimates drop to $2.80 from $2.85. Reiterates Buy rating.

Cabot (CBT Quote) numbers lowered at Jefferies. Price target dips to $45 from $48 and 2008 EPS estimates drop to $2.35 from $2.40. Reiterates Hold rating.

Terex (TEX Quote) price target raised at Goldman to $101 from $93 based reduced risk of dilution from an acquisition following the Doosan/Bobat (IR) announcement and also continued strength in international infrastructure markets. Q2 results reaffirmed strong earnings outlook.

TJX Companies (TJX Quote) target price raised at Credit Suisse to $35 from $32 based on strong business trends and improved productivity. Maintained Outperform rating.