Monday's Analysts' Upgrades and Downgrades

Change in Ratings

8:07 AM EST
Credit Suisse said it is downgrading ACA Capital (ACA Quote) to Underperform from Neutral based on future losses in CDO related investments. Lowered target price to $2 from $7.

8:44 AM EST
Amedisys (AMED Quote) was downgraded from Outperform to Market Perform, Wachovia said. Stock has enjoyed a nice run, and 2008 guidance may prove too optimistic.

8:33 AM EST
Cheesecake Factory (CAKE Quote) was upgraded from Neutral to Buy, Suntrust, Robinson Humphrey said. $26 price target. Stock has pulled back down near the low point of its historical valuation.

7:52 AM EST

Deutsche Bank said it is downgrading Home Depot (HD Quote) to a Hold rating as a myriad of data indicates a housing recovery is further off than previously thought.

8:09 AM EST
K-Swiss (KSWS Quote) was downgraded to Neutral, Merrill Lynch said. Estimates also cut, as the company continues to ramp investments in its new products.

8:35 AM EST
Legg Mason (LM Quote) was downgraded to Underperform, Wachovia said. Estimates also cut, to reflect lower liquidity and interest income.

7:53 AM EST
Deutsche Bank said it is downgrading Lowe's (LOW Quote)to a Hold raing as 2008 estimates look high in light of weak housing market.